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.
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.