Balance of Payments: Current account balance (credit less debit) for Belize
BLZBCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.42
Year-over-Year Change
-78.47%
Date Range
1/1/1980 - 1/1/2030
Summary
The 'Balance of Payments: Current account balance (credit less debit) for Belize' metric measures the difference between Belize's total inflows and outflows of goods, services, and investment income, providing insight into the country's economic performance and external position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance represents the net value of a country's transactions with the rest of the world, including trade in goods and services as well as international income flows. This metric is a key indicator of Belize's economic health and global competitiveness.
Methodology
The data is collected and calculated by the Central Bank of Belize based on international accounting standards.
Historical Context
Policymakers and analysts use this metric to assess Belize's external sector and identify potential vulnerabilities or imbalances that may require policy intervention.
Key Facts
- Belize's current account balance was $-24.63 million in 2021.
- The current account deficit as a percentage of GDP was -3.2% in 2021.
- Belize's current account has been in deficit for over a decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the difference between Belize's total inflows and outflows of goods, services, and investment income, providing insight into the country's economic performance and external position.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Belize's economic health and global competitiveness, as it reflects the country's trade and investment flows with the rest of the world.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Belize based on international accounting standards.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Belize's external sector and identify potential vulnerabilities or imbalances that may require policy intervention.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Belize, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for Belize (BLZBCAGDPBP6), retrieved from FRED.