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Analysis by Region - Emerging Markets - Belize

Publisher Oxford Economics
Published Nov 15, 2024
Length 3 Pages
SKU # OFE19339364

Description

Analysis by Region - Emerging Markets - Belize



We have nudged up our 2025 GDP growth forecast for Belize by 0.2ppts to 2.8% driven by the country's favourable conditions for business processing outsourcing. This has resulted in a reduction of the unemployment rate to a record low of 3.3% and increased dynamism in domestic demand. Likewise, we expect solid growth in tourism to persist, with strong momentum this year propelling arrivals to record figures and GDP expected to expand by an estimated 5.9%.

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3 Pages
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