U.S. Report Highlights Belize Economic Growth but Flags Investor Concerns

The U.S. Department of State has released its 2026 Belize Investment Climate Statement, reporting that Belize’s economy has grown for five consecutive years following the pandemic. The economy expanded by two-point seven percent in 2025, with agriculture, forestry, fishing and construction helping drive that growth. Foreign direct investment also continued to rise. The pace of economic growth, however, was slower than the three-point five percent recorded in 2024. The report says Belize is making progress in improving conditions for businesses. It points to the Online Business Registry System, which has made company registration and filings easier, along with expanded investment incentives and updated insolvency laws. Changes to foreign exchange approvals are intended to reduce delays, while Belize’s first credit bureau and Credit Reporting System are expected to improve access to loans over time.  But investors still face difficulties. They report lengthy approval processes, inconsistent application of regulations and concerns about land titles. Corruption and transparency in the awarding of public contracts also remain concerns. High electricity and transportation costs, labour shortages and delays in securing work permits add to the challenges of doing business.  The State Department describes Belize’s judiciary as independent but says lengthy court proceedings remain a concern for investors, even with progress in reducing the backlog of civil cases.  The report goes on to identify Belize’s stable exchange rate and general openness to foreign ownership as strengths. It says investment opportunities remain promising, though much depends on how effectively reforms are carried out and whether concerns about governance and transparency are addressed.