Exporting to Belize
An improving economy
Real GDP growth in Belize stood at 3% in 2018, and this upward trend is expected to continue over the coming years (IMF, 2019). This is good news for UK exporters, as it should lead to an increase in spending power for consumers in the country.
Import growth
Imports into Belize grew by 7.6% in 2018 and this trend is forecasted to go on, with a figure of 5.6% predicted for 2019 and 8.9% the year after (IMF, 2019). In 2018, the top services imported from the rest of the world by Belize were transport (28.4%), travel (25.3%) and government goods and services (7.3%) (ITC Trade Map, 2019). Therefore, as a UK business exporting these services, Belize could be a good market for you.

Ease of doing business
135th
out of 190 countries (World Bank, 2019)
Currency
Belize dollar
Business languages
English, Spanish, Belize Creole
You may need a translator
GDP per capita
$4,862
UK is $41,030 (IMF, 2019)
GDP per capita
3.0%
(IMF, 2019)
Time zone
GMT -6
Next steps
DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.