Posted: Thursday, September 25, 2025. 10:19 am CST.
By Zoila Palma: Preliminary estimates from the Statistical Institute of Belize (SIB) show that Belize’s economy expanded by 0.8% in the second quarter of 2025, with goods and services valued at $1.375 billion, up from $1.365 billion in the same period last year.
Growth was primarily driven by the country’s goods-producing sectors, while the services sector experienced a slight contraction.
The primary and secondary industries recorded notable gains during the April–June period.
The primary sector grew 10.9% to $126.1 million, fueled by a rebound in major agricultural commodities.
Banana production increased 20.4% to 28.5 thousand metric tons, recovering from two years of low output due to disease and adverse weather.
Sugarcane deliveries rose nearly 20% to 881.7 thousand metric tons, reflecting delayed harvests from the first quarter. Early signs of recovery were also observed in the citrus industry.
However, the services sector saw a decline, led by reductions in wholesale and retail trade and a drop in overnight tourist arrivals.
Taxes on products also fell 2.2%, from $174 million in Q2 2024 to $170.3 million in Q2 2025.
Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-612-0315.
© 2025, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.
The post Economy grows 0.8% in Q2 2025 as Agriculture and Manufacturing lead gains appeared first on Belize News and Opinion on www.breakingbelizenews.com.
Posted: Thursday, September 25, 2025. 10:19 am CST. By Zoila Palma: Preliminary estimates from the Statistical Institute of Belize (SIB) show that Belize’s economy expanded by
The post Economy grows 0.8% in Q2 2025 as Agriculture and Manufacturing lead gains appeared first on Belize News and Opinion on www.breakingbelizenews.com.
