Fiscal Year Gross Domestic Product for Belize
BLZNGDPFY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,716,206,619.70
Year-over-Year Change
50.79%
Date Range
1/1/2011 - 1/1/2024
Summary
The Fiscal Year Gross Domestic Product (GDP) for Belize measures the total economic output of the country over a 12-month fiscal period. This metric is crucial for understanding Belize's economic performance and is closely tracked by policymakers and international organizations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Fiscal Year GDP for Belize represents the market value of all goods and services produced within the country's borders during a given fiscal year. It is a comprehensive indicator of the overall size and growth of the Belizean economy and is widely used to assess the country's economic health and competitiveness.
Methodology
The data is collected and calculated by the Statistical Institute of Belize based on surveys, administrative records, and other sources.
Historical Context
Fiscal Year GDP is a key input for policymakers in Belize and international institutions like the World Bank and IMF when evaluating the country's economic and fiscal policies.
Key Facts
- Belize's Fiscal Year GDP was $2.4 billion in 2021.
- The GDP growth rate in Belize was 3.8% in the 2021 fiscal year.
- Agriculture, tourism, and services are major contributors to Belize's GDP.
FAQs
Q: What does this economic trend measure?
A: The Fiscal Year Gross Domestic Product (GDP) for Belize measures the total value of goods and services produced in the country over a 12-month fiscal period.
Q: Why is this trend relevant for users or analysts?
A: Fiscal Year GDP is a crucial indicator of Belize's overall economic performance and is closely monitored by policymakers, investors, and international organizations to assess the country's economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Statistical Institute of Belize based on surveys, administrative records, and other sources.
Q: How is this trend used in economic policy?
A: Fiscal Year GDP is a key input for policymakers in Belize and international institutions like the World Bank and IMF when evaluating the country's economic and fiscal policies.
Q: Are there update delays or limitations?
A: There may be some delays in the release of Fiscal Year GDP data, as it requires comprehensive data collection and analysis by the Statistical Institute of Belize.
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Citation
U.S. Federal Reserve, Fiscal Year Gross Domestic Product for Belize (BLZNGDPFY), retrieved from FRED.