By Zoila Palma: During today’s Budget presentation, Prime Minister John Briceno says that within this evolving global environment, Belize’s economy continued its steady forward movement.
“Real GDP growth for 2025 is estimated at 1.9 percent by the Central Bank of Belize, a moderation from the 3.5 percent expansion in 2024. Our nation is transitioning from the rapid post-pandemic rebound toward more sustainable, pre-pandemic growth conditions,” the Prime Minister said.
The primary sector—our agriculture, fisheries, and mining industries—was the main driver of this expansion.
“Farmers and producers delivered strong outputs across corn, soybeans, bananas, citrus, livestock and marine products. These gains were significant enough to offset the sharp decline in sugarcane production caused by adverse weather and the spread of the Fusarium disease. Their resilience reflects not only hard work but also the deep strength of Belize’s rural economy,” PM Briceno added.
In addition, the Prime Minister said that other key private service industries—particularly financial intermediation and business process outsourcing—continued to post strong, encouraging gains.
The post Prime Minister says agriculture and industries driving economic growth in Belize appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: During today’s Budget presentation, Prime Minister John Briceno says that within this evolving global environment, Belize’s economy continued its steady forward movement. “Real GDP growth for 2025 is estimated at 1.9 percent by the Central Bank of Belize, a moderation from the 3.5 percent expansion in 2024. Our nation is transitioning from
The post Prime Minister says agriculture and industries driving economic growth in Belize appeared first on Belize News and Opinion on www.breakingbelizenews.com.
