The economy in Belize shrank 0.8 percent year-on-year in the second quarter of 2019, after expanding 5.2 percent in the previous period. It was the first contraction since the last quarter of 2016, as output went down in the primary sector (-2.9 percent) and secondary (-12.9 percent). GDP Annual Growth Rate in Belize averaged 3.72 percent from 1995 until 2019, reaching an all time high of 21.10 percent in the fourth quarter of 2000 and a record low of -8 percent in the fourth quarter of 1995.
GDP Annual Growth Rate in Belize is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Belize to stand at 2.00 in 12 months time. In the long-term, the Belize GDP Annual Growth Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.