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List of Acronyms and Abbreviations | |
Acronyms: | |
BGA | Banana Growers' Association |
BSI | Belize Sugar Industries Limited |
BTB | Belize Tourism Board |
BTL | Belize Telemedia Limited |
CBB | Central Bank of Belize |
CDB | Caribbean Development Bank |
CGA | Citrus Growers' Association |
COVID-19 | Coronavirus Disease 2019 |
CPBL | Citrus Products of Belize Limited |
CPI | Consumer Price Index |
EU | European Union |
GDP | Gross Domestic Product |
IDB | Inter-American Development Bank |
MOF | Ministry of Finance |
SIB | Statistical Institute of Belize |
UHS | Universal Health Services |
US | United States |
Abbreviations and Conventions:
$ | the Belize dollar unless otherwise stated |
bn | billion |
mn | million |
ps | pound solids |
TC/TS | long tons cane to long ton sugar |
Notes: | |
1. | Since May of 1976, the Belize dollar has been fixed to the US dollar at the rate of |
US$1.00 = BZ$2.00. | |
2. | The 2020 figures in this report are provisional and the figures for 2019 have been |
revised. | |
3. | Unless otherwise indicated, the Central Bank of Belize is the source of all tables and |
charts. | |
4. | Ratios to GDP for 2020 are based on estimates from the Statistical Institute of Belize. |
ii Central Bank of Belize
Monthly Economic highlights ■ DECEMBER 2020
Table of Contents
Summary of Economic Indicators
iv | |
Overview | 1 |
Money and Credit | 3 |
Real Sector Developments | 8 |
Sugarcane and Sugar | 10 |
Citrus | 12 |
Banana | 13 |
Petroleum | 13 |
Marine Exports | 14 |
Other Domestic Exports | 14 |
Central Government Operations | 15 |
Total Public Sector Debt | 17 |
Central Government Domestic Debt | 17 |
Public Sector External Debt | 18 |
Statistical Appendix | 21 |
Table A.1: Factors Responsible for Money Supply Movements 21
Table A.2: Net Foreign Assets of the Banking System 21
Table A.3: Net Domestic Credit 22
Table A.4: Sectoral Composition of Domestic Banks' Loans and Advances 23
Table A.5: Sectoral Composition of Credit Unions' Loans and Advances 24
Table A.6: Domestic Banks' Liquidity Position and Cash Reserves 25
Table A.7: Domestic Banks' Weighted Average Interest Rates 25
Table A.8: Domestic Banks' (Rolling) Weighted Average Interest Rates 26 on New Loans and Deposits
Table A.9: Tourist Arrivals 26
Table A.10: Percentage Change in Consumer Price Index Components by 27
Major Commodity Group
Table A.11: Sugarcane Deliveries and Production of Sugar and Molasses 27
Table A.12: Exports of Sugar and Molasses 28
Table A.13: Citrus Deliveries and Production 28
Table A.14: Export Sales of Citrus Products 29
Table A.15: Banana Exports 29
Table A.16: Marine Exports 30
Table A.17: Other Domestic Exports 30
Table A.18: Petroleum Production and Exports 30
Table A.19: Central Government Revenue and Expenditure 31
Table A.20: Central Government Domestic Debt 32
Table A.21: Public Sector External Debt 33
Central Bank of Belize iii
Monthly Economic highlights ■ December 2020
Summary of Economic Indicators
Chart I: Gross Domestic Product Growth Rate
(Year-on-Year - Percentage Change)Chart II: Consumer Price Index
(All Items)
Chart III: Gross International Reserves and
Import Cover
600
6.0
550
5.0
500
450
4.0
400
$USmn
350
3.0
300
2.0
250
200
1.0
150
MonthsofImportCoverage
100
0.0
Jan Mar June Sept Dec Jan Mar June Sept Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2018
2019
2020
Gross Official Reserves (LHS)
Months of Import Coverage (RHS)
Chart IV: Current Account Balance to GDP
0.0
-1.0
-2.0
Percent
-3.0
-4.0
-5.0
-6.0
-7.0
Jan - Sept | Jan - Sept | Jan - Sept |
2018 | 2019 | 2020 |
Current Account Balance/GDP |
Chart VII: Public Sector External Debt
Chart VIII: Central Government Domestic Debt
iv Central Bank of Belize
Monthly Economic highlights ■ December 2020
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Central Bank of Belize published this content on 05 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2021 22:36:03 UTC.