1. By Central Bank of Belize and Statistical Institute of Belize
Belize Presentation
By Central Bank of Belize and Statistical Institute of Belize

2. Role of the Central Bank
Central Bank is in charge of compiling BOP and hence EBOPS.
CBB compiles BOP on a quarterly basis
EBOPs series going back to 2002.
Two TA missions to Belize: 2004 and 2010 to develop EBOPS compilation
The transition to BPM6 as of the second quarter of 2011.

3. Sources for Services data
Annual BOP Survey
Freight Survey
Tourist Visitor Expenditure Survey
Money Transfer Service Providers (WU & MoneyGram)
Exchange Control Records
Therefore, most data obtained from administrative records of CBB
Data on inflows (XCH5) and outflows (XCH1) of Services

4. Services Captured: Outflow
a)Financial i) Insurance Premiums b)Audiovisual j)Reinsurance c)Communication k)Royalty and License Fees d)Courier l)Business Management Consultancy e)Information m)Head Office Expenses f)Computer n)Advertisements g)Embassy o)Correspondence Courts, Sports & Culture h)Legal p)Military Units & Agencies

5. Services: Inflows
a)Tourism i)Legal b)Transportation j)Embassies & Military Agencies c)Insurance k)Financial d)Communication e)Accounting f)Architectural g)Engineering h)Scientific

6. Role of the Statistical Institute of Belize
Business Register
Need to create a Business Register for Belize
Business Establishment Survey 2016
Sample extracted from a frame (VR and GST)
Identified: Number of employees, revenue, classification of businesses (ISIC Rev.4) & Foreign Affiliated businesses

7. Recommendations\Challenges
Revisit estimation of Insurance Services
Explore estimation of FISIM
Greater collaboration with SIB to update FDI register
Resource constraints and confidentiality issues.
Statistical legislation prohibits the SIB from sharing business register with other organizations.