Tag:
Statistical Institute of Belize
Business & Economy
San Pedro Records Highest Inflation in Belize in July 2025
San Pedro Town recorded the sharpest rise in consumer prices for July 2025, with an inflation rate of 3.1% compared to July last year. According to the Statistical Institute of Belize (SIB), the island community has experienced a continuous increase in inflation throughout 2025, outpacing the national average of 1.2%.
Government
Caribbean Demography Experts Convene in Belize for Regional Workshop on Population Estimates and Projections
Forty-four participants from 14 Caribbean countries, including Belize, actively engaged in a four-day regional workshop on population estimates and projections held from 18–21 August 2025 in Belize City. Organized by the United Nations Population Fund Sub-regional Office for the Caribbean (UNFPA SROC) and the Latin American and Caribbean Demographic Center (ECLAC-CELADE), the training brought together demography practitioners and technicians from the Statistical Institute of Belize (SIB) and other National Statistical Offices (NSOs) across the Caribbean region to strengthen their skills in producing accurate and policy-relevant population projections.
Business & Economy
SIB Reports Consumer Prices Rise and Exports Fall
The Statistical Institute of Belize (SIB) released its latest economic data near the end of May, painting a challenging picture for the national economy. Belizean consumers are feeling the effects of rising prices, while trade activity has slowed considerably. According to the SIB's April 2025 report, released on May 29th, the national Consumer Price Index (CPI) rose by 1.3% compared to April 2024. This indicates that the cost of everyday goods and services, such as groceries and transportation, continues to increase, putting pressure on household budgets nationwide.
Business & Economy
SIB reports a decrease in imports and an increase in exports
In a recent economic update, the Statistical Institute of Belize (SIB) reported a significant decrease in imports, accompanied by an increase in exports, for the first two months of 2025. As of February 2025, Belize's imports decreased by 7.8%, totaling $461 million compared to $499.8 million during the same period last year. In contrast, exports increased by 7.7%, reaching $40.4 million, up from $37.5 million in the first quarter of 2024. This shift reflects a positive trend in Belize's trade balance, which could strengthen the country's economic resilience.
Business & Economy
SIB Reports Consumer Confidence Index Up by 5.2%
The Statistical Institute of Belize (SIB) reported a significant increase in the Consumer Confidence Index (CCI) for January 2025, which rose by 5.2% compared to December 2024. This improvement brought the CCI to 50.5%, indicating a shift in optimism about the economy and personal financial prospects for the first time since the SIB began tracking this indicator.
Business & Economy
SIB reports that the consumer price increased by 2.6% in December 2024
Belize has experienced a significant increase in consumer prices, with a rise of 2.6% reported in the final quarter of 2024. This information comes from the latest report released by the Statistical Institute of Belize (SIB) on January 30, 2025. Rising costs in essential categories such as food and housing primarily drove the increase in the inflation rate.
Business & Economy
Belize celebrates record-breaking tourist arrivals in 2024
In 2024, Belize's tourism sector has seen remarkable growth, making it a historic year for the industry. The Belize Tourism Board (BTB) reported that overnight visitor arrivals reached 562,405, exceeding pre-pandemic levels by 11.8% compared to 2019, the previous peak year for tourism in the country. The year 2024 has been transformative for Belize's tourism industry, marked by record-breaking visitor numbers and substantial economic contributions, solidifying the country's position as a leading destination in the Caribbean.
Business & Economy
SIB report 6.6% GDP growth in 3rd quarter of 2024
The Statistical Institute of Belize (SIB) has reported a 6.6% growth in the country's Gross Domestic Product (GDP) for the third quarter of 2024, indicating a continuation of the positive economic trends observed throughout the year. This growth follows a 10.5% increase in the second quarter and a 10% rise in the first quarter, demonstrating a robust economic recovery post-pandemic.
