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GDP rockets up 22 percent, ending recession

Posted: Wednesday, August 25, 2021. 11:55 am CST.

By Aaron Humes: The Statistical Institute of Belize reports that second quarter gross domestic product rose by 22 percent to $711.4 million.

This almost reversed the 20 percent drop in the same time period last year, directly caused by the COVID-19 pandemic.

Belize had seen no less than six quarters of negative growth dating back to before the pandemic as a result of agricultural shortfalls.

The tertiary or services sector rose 11 percent with smaller increases in the primary or agricultural sector and the secondary or manufacturing sector.

 

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