Home » Belize: Selected Issues and Statistical Appendix by International Monetary Fund
Belize: Selected Issues and Statistical Appendix International Monetary Fund

Belize: Selected Issues and Statistical Appendix

International Monetary Fund

Published August 24th 2001
ISBN : 9786613737786
ebook
98 pages
Enter the sum

 About the Book 

1. Belizes macroeconomic performance has been uneven in recent years. Belize, a small open economy, with a narrow export base, is vulnerable to exogenous shocks. Since 2005, growth in the traditional sectors of the economy has decelerated,More1. Belizes macroeconomic performance has been uneven in recent years. Belize, a small open economy, with a narrow export base, is vulnerable to exogenous shocks. Since 2005, growth in the traditional sectors of the economy has decelerated, reflecting structural weaknesses and the impact of severe weather-related shocks during 2007-08, which contributed to output losses, mostly in agriculture, and damaged infrastructure (Box 1). Starting in 2006, petroleum extraction has been a major factor contributing to growth, and in 2008 accounted for 5 percent of GDP. Domestic price inflation, which has been low historically, rose to nearly 10 percent by mid-2008-driven largely by food and fuel prices.