1

ECONOMIC OUTLOOK

August 2014

2

OUTLINE OF PRESENTATION

• Gross Domestic Product Second Quarter• Questions and Comments

3

Economic Outlook

• Preliminary estimates indicate that the level of economic activities increased by 8.7%, during the second quarter of 2014

• A cumulative growth (↑3.7%) was registered for the first half of the year.

• Revised estimates on the Annual GDP, show a 1.5% growth in 2013.

4

Second Quarter GDP Growth; 2009-2014

2009 2010 2011 2012 2013 2014

0.3

1.1

0.5

4.7

1.8

8.7

Pe

rce

nt

5

Primary Industries (13.2%)

Sugarcane (79.7%)Citrus (65.0%)Banana (2.5%)

Livestock (23.1%)

Shrimp (6.4%)• 1.2 Million $ Less in Export

SalesConch (69.0%)• 1.3 Million $ Less in Export

Sales

6

2009 2010 2011 2012 2013 20140.0

100.0

200.0

300.0

400.0

500.0

600.0

106.3

59.4

23.3

85.9 67.6

111.5

19.9 21.116.8

25.4 26.525.8

330.2

446.7

414.9

397.9

326.7

587.0

Second Quarter Production of Three Major Crops: 2009-2014

Citrus Bananas Sugarcane

Th

ou

sa

nd

s o

f M

etr

ic T

on

s

7

Secondary Industries ( 20.4%)

Manufacturing and Mining (17.2%)• Sugar (67.5%) • Orange

Concentrates (57.5%)

• Flour (11.2%)

Manufacturing and Mining (17.2%)• Beverages (18.2%)

• Beer (13.2%)• Rum (74.4%)

• Petroleum ( 17.8%)

Electricity and Water (36.0%)• Electricity (42.5%)• Water (4.0%)• Construction

(17.1)

8

2009 2010 2011 2012 2013 2014

53.7

67.4

57.6

81.5

61.0

86.9

Second Quarter Electricity Production; 2009-2014

Th

ou

san

ds

of

Meg

awat

ts H

ou

rs

2009 2010 2011 2012 2013 2014

491.3504.1

512.8

506.3

554.8

576.8

Second Quarter Water Production; 2009-2014

Mil

lio

ns

of

Gal

lon

s

9

Tertiary Industries (Services)(2.6%)

Hotel and Restaurants (21.5%)• Overnight Visitors

(14.6%)• Cruise Visitors

(69.2%)

Wholesale Retail Trade (12.5%)• Import of

Merchandise Goods (8.1%)

Transport and Communication (3.5%)• Transportation

Services (21.6%)

10

1 2 3 4 5 6

60.2 59.8 64.6 70.4 73.3 84.0

140.0 152.3168.8

130.2 121.1

204.8

Second Quarter Tourist Arrivals;2009-2014

Overnight Cruise Ship

Th

ou

san

ds

of

To

uri

sts

11

Economic Performance in the Region for Second Quarter 2014

The United States of America recorded 4.0%, while Mexico 1.04% ,and Belize 8.7%.

12

QUESTIONS

OR

COMMENTS