Belize
In-depth country-focused analysis on Belize's economic, political and operational risk environment, complemented by detailed sector insight

Our comprehensive assessment of Belize's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Belize, as well as the latest industry developments that could impact Belize's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Belize before your competitors.

Belize Industry Coverage (5)

Agribusiness

Belize Agribusiness

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BMI View:   The region is still struggling with disease outbreaks in the coffee sector in 2013/14. We believe the region will continue to suffer as low global coffee prices limit investment potential. Even if prices have rebounded recently, we believe they are overstretched and see them going back towards the USc140-150/lb level in the near term. Central America is generally dependent on imports for corn, and we expect the production deficit to widen over our forecast period. That said, Central America is expected to remain self-sufficient in sugar and even increase its potential for sugar exports. The sugar industry has the potential to attract investment over the medium term.

Coffee & Sugar Ahead Of The Rest
Central America - BMI Market Value By Commodity (% of total)...

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Infrastructure

Belize Infrastructure

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BMI View: There is a wide divergence of performance and opportunities across the various construction industry markets in Central America. With comparatively low levels of risk, we expect Panama and Costa Rica to continue to lead both in terms of industry value and real growth. With regards to the region's underperformers, Guatemala and El Salvador continue to report the lowest level of growth but we anticipate this to change over the medium term as there is significant potential in both markets for the development of transport infrastructure.

We see high risks, small scale and limited growth opportunities across the region as a whole. A crucial factor underpinning our forecasts for infrastructure investments in future years is political risk. This is a particular concern in El Salvador, Honduras, and Guatemala where high levels of crime, homicide, violence, and insecurity exacerbate...

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Pharmaceuticals & Healthcare

Belize Pharmaceuticals & Healthcare

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BMI View: Costa Rica and Panama will continue to outperfor m other Central American countries, namely El Salvador, Guatemala, Honduras, Nicaragua and Belize . The business-friendly environment, high per-capita medicine spending and strong consumer demand still present strong revenue-generating opportunities for multimodal pharmaceutical companies.

Headline Expenditure Projections

  • Pharmaceuticals: USD3.5bn in 2013 to USD3.7bn in 2014; +4.1%. Our forecast has been revised slightly down since Q314 due to less promising industry data.

  • Healthcare:...

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Telecommunications

Belize Telecommunications

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BMI View: T he future for telecoms operators lies in the expansion of content and encouraging consumers to use their mobile connections for a growing range of lifestyle needs. Regional market leader Tigo has been most active in launching its range of mobile financial services (MFS) , which are seeing rapid take up. Pay-TV is increasingly on the radar of operators in the region, although the market potential remains small. Mobil e forecasts show much slower growth across the board, with only Nicaragua offering any real growth potential.

Key Data

New data from the Panamanian regulator show the market to have grown more slowly than previously expected and a decline in subscriptions in 2012. These revisions meet BMI's expectations that the market contains a...

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Tourism

Belize Tourism

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BMI View: The Caribbean region is returning to sustained growth, with all countries expecting tourist arrivals to increase   in 2014 and 2015 . However, this is expected to remain below pre-2007 trend growth, with regional arrivals now averaging about 3.0% annual growth. Nonetheless, we expect that improving growth prospects will encourage greater investment in the region, particularly in the hotel sector.

Our tourism report for the Caribbean considers the impact of ongoing global economic uncertainty on the Caribbean tourism industry and how the region's fiscal issues are affecting its tourism arrivals. Following the decline of the financial services industry after the economic downturn hit in 2007, tourism has increased in...

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