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 Country Risk
Belize Industry Coverage (5)
BMI View: Coffee production in the Central America region will remain at risk over the next few years as the nature of subsistence farming will limit investment into safeguards against diseases such as coffee rust (roya). Countries in Central America are generally dependent on corn imports and we expect the corn production deficit to widen over our forecast period. Strength in the US dollar over this time frame will hurt the capital accounts of the region's countries. We believe the region's sugar industry will post strong growth over the coming years despite low international prices.
|Honduras Agribusiness To Outperform|
|Select Countries - Agribusiness Market Value (USDmn)|
BMI View: We forecast an average of 2.1% real growth for the six construction industries of Central America in 2016. The decline from our forecast for 2015 - 4.9% - is mainly due to a steep drop-off in Panama as it concludes expansion of the Panama Canal and a normalisation of a housing boom in Nicaragua. The region will still offer significant opportunities: the transport sector will see strong growth as development funds target regional integration and Panama...
Pharmaceuticals & Healthcare
Belize Pharmaceuticals & Healthcare
BMI View: Legislative and regulatory improvements to the Central American healthcare system will further strengthen sector coordination, enhancing medical efficiencies and treatments over the long-term. The region's ageing population and dependence on pharmaceutical imports will increase foreign investment appeal as public health provision grows.
Headline Expenditure Projections
Pharmaceuticals: USD3.7bn in 2014 to USD3.9bn in 2015; +4.6%. Our forecast has been maintained since Q115.
Healthcare: USD16.5bn in 2014 to...
Number porting in Panama increased 37.4% in 2014, highlighting that the population is increasingly more willing to take advantage of better available deals as they switch operators.
It is likely that the share of pre-paid mobile subscriptions in Costa Rica will increase in 2015 as the regulator SUTEL made it mandatory for pre-paid users to register to boost mobile number portability in the country. BMI has downgraded the mobile outlook for Guatemala as it emerged that the government is planning to implement a new tax on mobile operators as of 2015.
Key Trends And Developments
Discussions over the introduction of number portability (NP) in El Salvador are ongoing. El Salvador's Superintendencia...
BMI View: The ongoing economic uptick in the US will translate into rising departures to the Caribbean in 2015, with St Lucia, St Eustatius, the Cayman Islands and Cuba set to perform particularly well. We see particular opportunities in Cuba, with the US-Cuba diplomatic rapprochement boosting prospects for a relaxation of the bilateral tourist regime.
The Caribbean is a popular tourist market, attracting high numbers of visitors from North America and Europe. Its many beaches and islands have encouraged the development of a high-end, resort-led accommodation sector, with very few budget alternatives on offer. For this reason, the Caribbean is a relatively expensive destination and can be vulnerable to economic fluctuations in its major source markets. In addition, transport infrastructure is lagging behind hotel infrastructure, although we note that there are several major airport expansion projects under way....