The expansionary monetary and fiscal policies of the government, begun in 1998 led to high growth rates until 2007, with an average annual growth of around 4%. Floods in 2008 and the world economic crisis in 2009 ledto Nullwachtstum. 2010, GDP grew by 2.9%, where did the rest of the world economy in Belize especially in trade and the hospitality industry a positive impact, sectors that grew in 2010 by 6.2% and 5.5%. Nights spent by tourists decreased by 2.2%, and daily visits by cruise tourists by 8.4%, respectively. Imports of consumptiongoods increased by 1.2% in 2010, reflecting in particular reflect a 10% increase in prices of imported petroleumproducts. Despite the rise in prices for gasoline in 2010, inflation was moderate at 0.9%, after the country hadexperienced a deflation of 1.1% in 2009.
The budget deficit in 2010 amounted to around 2.5% of GDP. The debt amounted to about 80% of GDP.
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