Caribbean Export OUTLOOK 3rd Edition

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Pulse of the Caribbean

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estled in Central America, with direct access to the Caribbean, Belize provides a unique business opportunity for bridging Central America and the Caribbean. Growing in prominence due to its natural resources, pro-business investment climate, democratic stability, and incentive programs, investors have opportunities to be creative in almost all industries, further steading the country’s economic growth. Over the last couple of years, investors have been attracted to Belize not only for its picturesque beaches, crystal clear waters and ancient monuments; but also, for its low inflation rate of 0.5%, bilingual population, young labour force, and other competitive traits. There are plenty of other reasons to choose Belize, and here are some of them. Tourism is one of the eminent growing industries in Belize, which over the past decade alone, has expanded and developed fourfold. Belize’s natural beauty and relaxing tropical lifestyle has created a soft spot for foreigners looking not only to vacation in Belize, but also to invest in Belize. Guided by the National Sustainable Tourism Master Plan (NSTMP), the Tourism Industry contributed approximately 38.1% of Belize’s GDP in 2017. The Overnight Market Share has diversified significantly, due to the ever increasing flight connections and airlift capacity. Ambergris Caye, the largest tourist destination in the country, for example, has experienced an increased demand in visits upwards of 11.6% from 2016 to 2017, according