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.