Belize- Major Economic Indicators
1990 1991 1992 1993 1994 1995 POPULATION 184.3 189.4 199.0 205.0 211.0 216.5 PER CAPITA GDP(Bz$, Current Prices 3,579 3,743 4,129 4,398 4,435 4,718 GDP AT CURRENT MARKET PRlCES (Bz #mn) 667.3 727.3 823.7 901.5 927.0 986.0 Real GDP Growth (%) 10.3 3.1 9.5 4.3 1.5 3.8 Sectoral Distribution of Constant GDP (%) Agriculture, Forestry and Fishing 18.5 18.7 19.6 18.8 19.1 19.6 Mining 0.7 0.9 0.8 0.8 0.7 0.8 Manufacturing 17.2 16.7 16.4 16.4 16.9 17.0 Utilities 1.8 1.9 1.9 2.0 2.1 2.1 Construction 7.1 7.4 7.6 8.3 6.5 6.4 Trade, Restaurant, Hotels 19.2 18.3 17.8 17.7 18.2 18.0 Transport and Communication 12.6 13.3 14.4 14.6 14.6 14.7 Finance, Insurance, Real Estate and Business Service. 10.2 10.0 9.7 9.6 9.9 10.0 Public Administration 8.8 8.8 8.3 8.2 8.4 8.1 Other Services 7.5 7.5 7.0 6.9 7.0 6.9 Less Imputed Bank Charges 3.6 - 3.4 3.4 3.4 3.4 3.4 MONEY and PRICES (Bz $mn) Inflation (Annual Percentage rate) 3.3 4.5 2.4 1.5 2.6 2.9 Currency and Demand deposits (Ml) 107.9 122.8 143.8 149.2 157.2 165.4 Quasi-Money (Savings+Time deposits) 269.2 306.4 325.4 324.4 350.0 424.0 Money Supply (M2) 377.1 429.2 469.2 473.6 507.2 589.4 CREDIT (Bz $mn) Commercial Bank Loans and Advances 281.0 336.0 373.2 387.2 405.7 440.7 Public Sector 7.3 4.9 1.2 0.3 0.4 2.7 Private Sector 273.7 331.1 372.0 386.9 405.3 438.0 INTEREST RATES (%) Weighted Average Lending Rate 14.3 14.3 14.4 14.6 15.0 16.3 Weighted Average Deposit Rate 6.3 6.4 6.0 6.0 6.1 7.2 CENTRAL GOVERNMENT FINANCES (Bz $mn) Current Revenue 210.9 224.4 230.1 249.0 265.1 259.9 Current Expenditure 137.8 150.5 173.2 208.7 233.8 239.8 Current Account Surplus/(Deficit) 73.1 73.9 56.9 40.3 31.3 20.1 Capital Expenditure 5.8 118.4 148.6 139.1 111.0 83.2 Overall Surplus/(Deficit) 1.7 -42.5 -50.2 -69.1 -65.2 -45.9 Domestic Financing -7.4 24.7 26.4 32.3 24.5 33.1 External Financing 5.7 17.8 30.9 46.3 27.1 3.7 BALANCE OF PAYMENTS (US $mn) Merchandise Exports 129.4 136.3 140.2 134.1 151.5 162.1 Merchandise Imports 188.4 223.6 244.5 250.6 231.9 230.6 Trade Balance -59.0 -97.3 -104.3 -116.5 -80.4 -68.5 Current Account Balance 22.1 26.6 -29.1 -49.0 -30.5 -21.2 Capital Flows 18.2 22.0 -29.1 43.3 1.9 -7.0 Net change in Official International Reserves note: minus = increase -12.6 20.8 -1.4 18.9 3.7 -4.0 Net International Reserves 68.2 49.3 50.7 31.8 28.1 32.2 Import Cover of Reserves ~in months) 4.2 2.9 2.7 1.7 1.4 1.5 EXTERNAL PUBLIC DEBT (US $mn) Disbursed Debt Outstanding 133.0 150.6 145.6 167.9 189.3 183.9 Debt Service Payments 16.8 15.3 13.7 15.5 23.9 29.7 Debt Service Ration 6.4 5.9 4.7 5.4 8.2 Sources: Central Statistical Office, Central Bank of Belize, Ministry of Finance P: Provisional *1990: Fiscal Year R: Revised 1991-1994: CalendarYear 22 23 24 25 26 28 29 |