Burglars Target Homes In Ranchito Village

Corozal residents and especially home owners are advised to be alert and cautious as there has been ...

Two Men Detained For Armed Robbery At Bakery's Warehouse

Two men are tonight detained at the Orange Walk Police station for questioning in Friday night’s arm...

Two Drivers In Corozal Highway Accident Served With Notices Of Intended Prosecution

Corozal Police has served notices of intended prosecution to two drivers who were involved in a seri...

Belizean Sentenced In The US

Back in May of this year we told you about Rudolph Randolph Meighan, the Belizean national who was c...

Date Set For UDP Convention To Elect New Leader

The United Democratic Party has set Sunday February 9th 2020 as the date for their national conventi...

  • Burglars Target Homes In Ranchito Village

    Wednesday, 14 August 2019 02:04
  • Two Men Detained For Armed Robbery At Bakery's Warehouse

    Wednesday, 14 August 2019 02:07
  • Two Drivers In Corozal Highway Accident Served With Notices Of Intended Prosecution

    Wednesday, 14 August 2019 02:08
  • Belizean Sentenced In The US

    Wednesday, 14 August 2019 02:11
  • Date Set For UDP Convention To Elect New Leader

    Wednesday, 14 August 2019 02:12

Screen_Shot_2016-06-30_at_8.10.39_PMAccording to statistics, Belize’s economy experienced a two percent decline in the overall production level within the first three months of this year compared to that of last year in 2015. SIB figures indicate that the total value of goods and services produced here in Belize went from $733 million in the first quarter of 2015 to $718 million in the first quarter of 2016.


Production in the primary sector fell abruptly during the first quarter by 34.1 this year following a slowdown in both the agriculture and fisheries industries. Marine exports went from 4.5 million pounds to less than 1 million pounds due to a decline in shrimp production and banana shipments dropped by 42 percent while citrus production also saw a decline of 17 percent.


Sugarcane was the only good within the primary sector that experienced a significant growth of 27 percent in terms of deliveries made to the factory, however, the extraction decreased to about 4 percent due to lowered cane purity. Livestock production also saw a growth in poultry production rising by 7 percent and that of swine increasing by 16 percent.

As for the secondary sector, there was an increase of 4.2 percent due to continued strong performances in “Electricity and Water” and “Construction”. Rains were a contributing factor of high water levels in the dams and a 54 percent jump in hydroelectricity generation. Water distribution rose by almost 7 percent while construction went up by 12 percent. Due to increases in the production of both soft drinks and beer, beverage production grew by a total of 13 percent.


The tertiary sector which accounts for a half of the country’s total economy saw a rise of 4 percent during the first quarter of 2016. The amount of overnight visitors rose by more than 17 thousand, resulting in a reasonable growth of 5 percent in “Accommodation and Food Services”. On the other hand, “Wholesale and Retail Trade” recorded a 2 percent increase in activity, while “Government Services” rose by almost 12 percent during the quarter.

Share this post

This content has been locked. You can no longer post any comment.