The Agricultural sector represented 13% of Belize’s Gross Domestic Product (GDP) in 2014, a 2.0% increase over the previous year. Aquaculture, a well-defined arm of the agricultural sector, has seen significant growth over the years. From its modest beginning in the early 1980’s with the development of 10 acres of experimental ponds by a private company, the industry has developed rapidly with almost 8,000 production acres and export earnings recorded at $132 million Belize dollars (nearly 66.5 million euro) in 2014.
Aquaculture has been prioritized by the Government of Belize as a tool to evaluate alternative sources of protein, and ultimately provide a cheaper protein source option for Belizeans. This led to the establishment of a Government run fish hatchery to provide seed stock to small scale farmers to improve their market share alongside that of shrimp farming. The 14 shrimp farms currently operational have seen tremendous growth and export earnings over the last couple of years and have benefited from better international market access, and better management practices. However, all have faced the challenges of viral and bacterial diseases threatening their livelihoods. The impact of diseases, especially the current impact of bacterial pathogens affecting the region, has yet to determine what the future growth of the shrimp industry will be.