NATIONAL UNEMPLOYMENT RATE AT 10.2% FOR SEPTEMBER 2015

November 26 16:27 2015 Print This Article

The Statistical Institute of Belize, held the fourth in its 2015 series of press conferences, where its latest economic statistics were presented, including the 2015 third quarter Gross Domestic Product estimates, October 2015 External Trade statistics, October 2015 Consumer Price Index and the preliminary results of the September 2015 Labour Force Survey.

  • Third Quarter 2015 Gross Domestic Product estimates: Third quarter preliminary estimates by the Statistical Institute of Belize show that the level of economic activity during the months of July to September 2015 declined by 1 percent when compared to the same quarter in 2014. The total value of goods and services produced in Belize was $647 million, down $6.5 million from $653 in the third quarter of 2014. For the first nine months of the year, the level of production in the country was 1.2 percent higher than it was one year prior, as the relatively strong growth experienced during the first quarter largely offset declines in the subsequent two quarters.
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  • October 2015 External Trade statistics: Belize’s total imports for the month of October 2015 were valued at $184.2 million. This was an increase of 3.5 percent or $6.2 million over last October’s imports, which were valued at almost $178 million. Total domestic exports for October 2015 amounted to $37.9 million, down 15.8 percent or $7.1 million when compared to last October’s exports of $45 million. Crude petroleum, marine and banana sales, which together accounted for almost three quarters of export revenues in October 2014, all declined for the month, contributing only a half of total exports in October 2015.
    Download the full External Trade series in Excel