fbpx
Belize economy grew nearly 10 percent in 2021
February 23, 2022
Prime Minister and Minister of Health tour NHI medical facilities in Belize City
February 23, 2022

Electricity production tumbles but tourism steadies the ship, SIB reports

Posted: Wednesday, February 23, 2022. 10:45 am CST.

By Aaron Humes: Secondary industries lost nearly 20 percent of value in the fourth quarter, driven primarily by a halving of production of electricity and water.

Electricity production was down nearly 60 percent to 45.6 thousand megawatt-hours, attributed to less rain driving hydroelectric dams. 2020 saw a severe weather event in the double dumping of Hurricanes Eta and Iota in November, which did not happen in 2021. However, Belize did produce more water consumed by residential and commercial services.

There was more production of soft drinks and beer especially, but 7 percent less production of rum. The demand is being met for tourists and consumers at restaurants.

Petroleum extraction was down year over year after wells were closed once again.

The tertiary sector consisting of services rose 22 percent with the return of hotels and restaurants and increases in trade, transportation and communication, and even government services.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-612-0315.

 

© 2022, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

Comments

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Shindaiwa
  • Belmopan Aggregates