BELIZE GDP GROWTH TO TOP 3% FOR 2011 ARE PROJECTIONS.

El Caudillo, Dean Barrow, elected 5 year DICTATOR of Belize.


EL CAUDILLO GIVES US A SNIPPET OF INFORMATION ON SECRETIVE BELIZE ECONOMICS STATISTICS.

BELIZE is expecting a 3% GROWTH number for the year 2011. Beating the European Union and the USA in GDP.

Well, when we look at the numbers we can certainly take satisfaction in the fact that for the first quarter of this year our GDP growth exceeded 6%. It is around a decade since we last saw that figure and local analysts declare that, in current world circumstances, it is an extraordinary statistic. Now it is already clear that the second quarter, for which the official figures are not yet in, was more subdued. But we are still on track for year-on-year growth of not less than 3%. And even those costive Scrooges at the International Monetary Fund have been obliged to concede that "Belize is weathering the financial crisis relatively well, when compared with CARICOM peers".
There is a mix of factors responsible for our economic growth, and high export earnings from our production of crude oil is one. But, what is far more sustainable, our job-creating tourism star is firmly in the ascendant. Thus, there was a 6.7% increase in second quarter overnight visitors to Belize, anchored by a 16% jump in the month of April.
And for the first half of this year, hotel revenues rose by 17.8%.