BELIZE PRESENTATION BY CENTRAL BANK OF BELIZE AND
![BELIZE PRESENTATION BY CENTRAL BANK OF BELIZE AND STATISTICAL INSTITUTE OF BELIZE BELIZE PRESENTATION BY CENTRAL BANK OF BELIZE AND STATISTICAL INSTITUTE OF BELIZE](https://slidetodoc.com/presentation_image_h2/58e1a6a60eb7f039b03eed0820d9c42e/image-1.jpg)
BELIZE PRESENTATION BY CENTRAL BANK OF BELIZE AND STATISTICAL INSTITUTE OF BELIZE
![ROLE OF THE CENTRAL BANK • Central Bank is in charge of compiling BOP ROLE OF THE CENTRAL BANK • Central Bank is in charge of compiling BOP](http://slidetodoc.com/presentation_image_h2/58e1a6a60eb7f039b03eed0820d9c42e/image-2.jpg)
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 BPM 6 as of the second quarter of 2011.
![SOURCES FOR SERVICES DATA • Annual BOP Survey • Freight Survey • Tourist Visitor SOURCES FOR SERVICES DATA • Annual BOP Survey • Freight Survey • Tourist Visitor](http://slidetodoc.com/presentation_image_h2/58e1a6a60eb7f039b03eed0820d9c42e/image-3.jpg)
SOURCES FOR SERVICES DATA • Annual BOP Survey • Freight Survey • Tourist Visitor Expenditure Survey • Money Transfer Service Providers (WU & Money. Gram) • Exchange Control Records • Therefore, most data obtained from administrative records of CBB • Data on inflows (XCH 5) and outflows (XCH 1) of Services
![SERVICES CAPTURED: OUTFLOW a)Financial i) Insurance Premiums b)Audiovisual j)Reinsurance c)Communication k)Royalty and License Fees SERVICES CAPTURED: OUTFLOW a)Financial i) Insurance Premiums b)Audiovisual j)Reinsurance c)Communication k)Royalty and License Fees](http://slidetodoc.com/presentation_image_h2/58e1a6a60eb7f039b03eed0820d9c42e/image-4.jpg)
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
![SERVICES: INFLOWS a)Tourism i)Legal b)Transportation j)Embassies & Military Agencies c)Insurance k)Financial d)Communication e)Accounting f)Architectural SERVICES: INFLOWS a)Tourism i)Legal b)Transportation j)Embassies & Military Agencies c)Insurance k)Financial d)Communication e)Accounting f)Architectural](http://slidetodoc.com/presentation_image_h2/58e1a6a60eb7f039b03eed0820d9c42e/image-5.jpg)
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
![ROLE OF THE STATISTICAL INSTITUTE OF BELIZE • Business Register • Need to create ROLE OF THE STATISTICAL INSTITUTE OF BELIZE • Business Register • Need to create](http://slidetodoc.com/presentation_image_h2/58e1a6a60eb7f039b03eed0820d9c42e/image-6.jpg)
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
![RECOMMENDATIONSCHALLENGES • Revisit estimation of Insurance Services • Explore estimation of FISIM • Greater RECOMMENDATIONSCHALLENGES • Revisit estimation of Insurance Services • Explore estimation of FISIM • Greater](http://slidetodoc.com/presentation_image_h2/58e1a6a60eb7f039b03eed0820d9c42e/image-7.jpg)
RECOMMENDATIONSCHALLENGES • 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.
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