Country Report Belize October 1996 Main report

Economy: First-quarter trade deficit is almost halved

Trade figures for the first quarter of 1996 show a trade deficit of Bz$22m, compared with Bz$40m in the corresponding period of 1995. The reduced deficit was due to an 8.4% fall in imports resulting from the government's austerity programme, together with a large increase in exports of sugar and citrus concentrate.

Foreign trade, Jan-Mar (Bz$ m) 1995 1996 % change Total exports fob 90.3 97.3 7.8 Total imports cif -130.3 -119.3 -8.4 Balance -40.0 -22.0 45.0 Source: Central Bank of Belize.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
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