Belize concluded 2025 with robust economic performance, recording a significant 4.7% GDP growth in the fourth quarter according to the Statistical Institute of Belize (SIB). The nation’s economic output reached $1.396 billion during the October-December period, representing a substantial $63.31 million increase compared to the same quarter in 2024.
Statistical data reveals that the primary sector contributed $180.3 million, secondary industries accounted for $169.2 million, while the tertiary sector dominated with $871.9 million. Tax revenues added another $174.8 million to the total economic output.
The growth was primarily driven by exceptional performances in multiple sectors. Agriculture, forestry, and fishing demonstrated remarkable double-digit expansion, with banana production surging by 19.8% from 19,000 metric tons in Q4 2024 to 22,800 metric tons in Q4 2025. Marine exports also showed strong improvement, registering an 8% overall increase supported by shrimp exports growing 6.6% and other fishing products, particularly lobster tail and lobster meat, advancing 8.3%.
The financial and insurance sector experienced extraordinary growth, with insurance activities skyrocketing by 59% from $11 million in Q4 2024 to $17.4 million in Q4 2025. Construction, retail trade, and transportation sectors additionally contributed to the widespread economic acceleration, indicating diversified strength across Belize’s economic landscape.
According to SIB Statistician Christopher Hulse, these figures demonstrate broadening economic momentum that positions Belize favorably for continued growth in 2026.