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Economy of Afghanistan vs Belize compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $3.2B for Belize, ranking 137/197 and 168/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $2.1B (65.4% of GDP) in Belize.

Afghanistan vs Belize GDP by year

Afghanistan
Belize
1x
Year GDP, current $
Afghanistan Belize
2024 - $3,203,631,800
2023 $17,152,234,637 $3,052,362,650
2022 $14,497,243,872 $2,846,604,350
2021 $14,259,995,441 $2,428,606,250
2020 $19,955,929,052 $2,047,284,600
2019 $18,799,444,490 $2,381,187,850
2018 $18,053,222,687 $2,285,915,050
2017 $18,753,456,498 $2,266,028,250
2016 $18,116,572,395 $2,239,604,950
2015 $19,134,221,645 $2,193,095,150
2014 $20,497,128,556 $2,138,242,200
2013 $20,146,416,758 $2,035,191,450
2012 $19,907,329,778 $1,917,083,500
2011 $17,805,098,206 $1,831,576,700
2010 $15,856,668,556 $1,748,988,400
2009 $12,416,152,732 $1,688,012,750
2008 $10,109,297,048 $1,738,453,600
2007 $9,747,886,187 $1,706,190,450
2006 $6,971,758,282 $1,590,463,100
2005 $6,203,256,539 $1,474,298,400
2004 $5,224,896,719 $1,400,202,000
2003 $4,520,946,819 $1,308,280,250
2002 $3,825,701,439 $1,243,912,050
2001 $2,813,571,754 $1,172,045,150
2000 $3,521,418,060 $1,138,138,100
1999 - $999,713,050
1998 - $929,047,000
1997 - $872,916,050
1996 - $850,339,100
1995 - $818,590,250
1994 - $771,838,000
1993 - $752,255,150
1992 - $695,741,150
1991 - $596,682,100
1990 - $546,750,912
1989 - $491,100,000
1988 - $421,450,000
1987 - $371,100,000
1986 - $311,500,000
1985 - $287,300,000
1984 - $290,350,000
1983 - $262,150,000
1982 - $248,550,000
1981 - $260,750,000
1980 - $257,400,000
1979 - $151,800,000
1978 - $136,300,000
1977 - $117,650,000
1976 - $97,094,227
1975 - $118,194,026
1974 - $103,160,450
1973 - $78,214,768
1972 - $65,998,069
1971 - $59,074,687
1970 - $53,339,893
1969 - $47,399,905
1968 - $44,999,910
1967 - $47,431,256
1966 - $44,450,044
1965 - $40,110,040
1964 - $36,194,586
1963 - $33,750,114
1962 - $31,857,592
1961 - $29,965,000
1960 - $28,072,478

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/belize | CC BY

GDP per capita in Afghanistan vs Belize by year

Afghanistan
GDP per capita

GDP per capita, PPP
Belize
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Belize
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $7,681 $14,347
2023 $414 $2,202 $7,425 $13,730
2022 $357 $2,123 $7,068 $13,461
2021 $356 $2,144 $6,143 $11,716
2020 $511 $2,562 $5,239 $9,639
2019 $497 $2,583 $6,172 $10,500
2018 $491 $2,432 $6,012 $9,497
2017 $525 $2,336 $6,072 $9,121
2016 $522 $2,213 $6,141 $9,399
2015 $566 $2,284 $6,155 $9,538
2014 $625 $2,224 $6,128 $9,490
2013 $637 $2,133 $5,957 $9,526
2012 $651 $1,988 $5,733 $9,303
2011 $607 $1,744 $5,596 $9,722
2010 $561 $1,766 $5,461 $9,748
2009 $452 $1,571 $5,400 $9,728
2008 $382 $1,334 $5,712 $9,975
2007 $376 $1,287 $5,762 $10,226
2006 $274.2 $1,122 $5,525 $9,910
2005 $254.2 $1,076 $5,270 $9,466
2004 $221.8 $972 $5,154 $9,245
2003 $198.9 $967 $4,960 $8,850
2002 $179 $927 $4,859 $8,154
2001 $138.7 $748 $4,719 $7,852
2000 $174.9 $814 $4,727 $7,544
1999 - - $4,290 $6,790
1998 - - $4,126 $6,333
1997 - - $4,014 $6,243
1996 - - $4,043 $6,087
1995 - - $4,010 $6,091
1994 - - $3,877 $6,073
1993 - - $3,860 $6,075
1992 - - $3,643 $5,706
1991 - - $3,190 $5,053
1990 - - $2,986 $4,467
1989 - - $2,742 -
1988 - - $2,406 -
1987 - - $2,166 -
1986 - - $1,859 -
1985 - - $1,754 -
1984 - - $1,814 -
1983 - - $1,677 -
1982 - - $1,629 -
1981 - - $1,753 -
1980 - - $1,774 -
1979 - - $1,071 -
1978 - - $983 -
1977 - - $866 -
1976 - - $729 -
1975 - - $906 -
1974 - - $805 -
1973 - - $619 -
1972 - - $529 -
1971 - - $481 -
1970 - - $442 -
1969 - - $402 -
1968 - - $392 -
1967 - - $426 -
1966 - - $412 -
1965 - - $383 -
1964 - - $356 -
1963 - - $342 -
1962 - - $332 -
1961 - - $320 -
1960 - - $307 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/belize | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $7,681 in Belize, ranking 98/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Belize ranks 117th at $14,347.

Economic indicators

Afghanistan Belize
Gross domestic product
$17.2B
2023
$3.2B
2024
GDP rank
137/197
2023
168/197
2024
GDP growth
2.27%
2022-2023
3.5%
2023-2024
GDP per capita
$414
2023
$7,681
2024
GDP per capita rank
196/197
2023
98/197
2024
GDP per capita, PPP
$2,202
2023
$14,347
2024
GDP per capita PPP rank
184/197
2023
117/197
2024
Government debt
$1.44B
2023
$2.1B
2024
Debt-to-GDP ratio
8.8%
2024
65.4%
2024
Government debt per person
$34.8
2023
$5,026
2024
Government debt per person rank
185/185
2023
78/185
2024
Average annual personal income after taxes
$1,869
2026
$9,204
2026
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
30%
2018
Income share by poorest 10% n/a
2.2%
2018
Government expenditure, % of GDP
19.4%
2024
26.3%
2024
Consumer prices inflation
-4.3%
2023-2024
3.3%
2023-2024
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
29.3%
2020
Population
45409324
430409

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Belize
Spending

Debt
1x
Year % of GDP
Afghanistan Belize
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 26.3% 65.4%
2023 17% 8.42% 25.8% 67.5%
2022 16.1% 10.8% 23.4% 66.8%
2021 17.9% 11.2% 25.7% 82.2%
2020 27.9% 7.33% 33.2% 103%
2019 28% 6.14% 27.5% 78.6%
2018 28.9% 7.38% 26.9% 79%
2017 27.7% 8% 27.7% 78.1%
2016 28% 8.44% 27.7% 70.5%
2015 25.9% 9.15% 27.9% 65.1%
2014 25.4% 8.7% 24.8% 61.5%
2013 25% 6.92% 23.8% 62.8%
2012 25% 6.77% 22.1% 63.1%
2011 21.9% 7.52% 23.5% 66.2%
2010 20.8% 7.71% 23.3% 68.4%
2009 21.2% 16.2% 23.2% 69.7%
2008 20.9% 19.1% 21.8% 64.7%
2007 21.4% 20.1% 22.1% 66.4%
2006 18.3% 23% 21.2% 71.4%
2005 15.7% 206.4% 21.4% 72.7%
2004 15.1% 245% 21.7% 70.7%
2003 11.9% 270.6% 24.6% 67.2%
2002 6.94% 346% 24.4% 53.2%
2001 - - 25.9% 49.5%
2000 - - 23.2% 79%
1999 - - 23.6% 41.5%
1998 - - 20.9% 38.7%
1997 - - 19.9% 39.4%
1996 - - 19.9% 38.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/belize | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Belize spent $842M, or 26.3% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 65.4% in Belize, ranking 181/185 and 67/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Belize
1x
Year Deficit/surplus, % of GDP
Afghanistan Belize
2024 -0.54% -1.23%
2023 -1.33% -2.42%
2022 -1% -1.04%
2021 -0.48% -3.29%
2020 -2.24% -8.57%
2019 -1.06% -2.9%
2018 1.63% -1.37%
2017 -0.67% -3.48%
2016 0.13% -4.47%
2015 -1.38% -5.14%
2014 -1.72% -1.72%
2013 -0.63% -1.21%
2012 0.18% -0.22%
2011 -0.67% -1.06%
2010 0.93% -1.9%
2009 -1.76% -2.46%
2008 -3.86% 1.25%
2007 -2.46% -0.19%
2006 0.68% -2.27%
2005 -0.92% -3.7%
2004 -2.39% -4.52%
2003 -2.1% -8.41%
2002 -0.1% -5.41%
2001 - -7.23%
2000 - -6.68%
1999 - -6.51%
1998 - -2.69%
1997 - -1.81%
1996 - -1.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/belize | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Belize's deficit of $74M, or 2.42% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Belize ran a deficit in 21 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to deficit of 2.93% of GDP for Belize.

Inflation comparison by year

Inflation
Afghanistan

Belize
1x
Year Consumer prices inflation
Afghanistan Belize
2024 -4.3% 3.3%
2023 -7.7% 4.4%
2022 10.6% 6.3%
2021 7.8% 3.2%
2020 5.6% 0.1%
2019 2.3% 0.2%
2018 0.6% 0.3%
2017 5% 1.1%
2016 4.4% 0.7%
2015 -0.7% -0.9%
2014 4.7% 1.2%
2013 7.4% 0.5%
2012 6.4% 1.2%
2011 11.8% 1.7%
2010 2.2% 0.9%
2009 -6.8% -1.1%
2008 26.4% 6.4%
2007 8.7% 2.3%
2006 6.8% 4.2%
2005 10.6% 3.7%
2004 16.4% 3.1%
2003 35.7% 2.6%
2002 - 2.2%
2001 - 1.1%
2000 - 0.6%
1999 - -1.2%
1998 - -0.8%
1997 - 1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/belize | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 2.06% in Belize. In 2024, inflation was -4.3% in Afghanistan and 3.3% in Belize.

Balance of trade

Afghanistan Belize
Current account balance
-$3.14B
2020
-$51.7M
2024
Current account balance ranking
159/190
2020
84/190
2024
Current account balance, % of GDP
-15.7%
2020
-1.61%
2024
Goods imports
$5.88B
2020
$1.36B
2024
Goods exports
$777M
2020
$482M
2024
Service imports
$1.11B
2020
$362M
2024
Service exports
$700M
2020
$1.16B
2024
Imports of goods and services, % of GDP
50.7%
2023
53.7%
2024
Exports of goods and services, % of GDP
16.9%
2023
55.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Belize
Economic freedom 53 64.7
Economic freedom ranking 142/197 71/197
Property rights 3.6 46.3
Government integrity 13.5 46.2
Judicial effectiveness 0 73.9
Tax burden 92 81.8
Government spending 90.8 81
Fiscal health 98.4 87.5
Business freedom 33.7 67.2
Labor freedom 44.4 57.6
Monetary freedom 84.9 72.6
Trade freedom 68.6 57.8
Investment freedom 10 55
Financial freedom 10 50

Economic freedom comparison by year

Afghanistan
Belize
1x
Year Economic freedom index
Afghanistan Belize
2026 - 64.7
2025 - 64.2
2024 - 61.2
2023 - 59.8
2022 - 56.6
2021 53 57.5
2020 54.7 57.4
2019 51.5 55.4
2018 51.3 57.1
2017 48.9 58.6
2016 - 57.4
2015 - 56.8
2014 - 56.7
2013 - 57.3
2012 - 61.9
2011 - 63.8
2010 - 61.5
2009 - 63
2008 - 63
2007 - 63.3
2006 - 64.7
2005 - 64.5
2004 - 62.8
2003 - 63.5
2002 - 65.6
2001 - 65.9
2000 - 63.3
1999 - 60.7
1998 - 59.1
1997 - 64.3
1996 - 61.6
1995 - 62.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/belize | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 64.7 for Belize, ranking 71/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Belize
Services, % of GDP
46.4%
2023
62.4%
2024
Industry, % of GDP
13.4%
2023
14.6%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
7.95%
2024
GNI, Atlas method
$15.5B
2023
$2.98B
2024
GNI per capita, PPP
$2,210
2023
$13,760
2024
Total reserves including gold
$9.75B
2020
$498M
2024
Total reserves ranking
78/177
2020
156/177
2024
Net foreign direct investment
$24.3M
2020
-$126M
2024
Net inflows of foreign direct investment
$0
2024
$128M
2024
Net outflows of foreign direct investment
$0
2024
$2.61M
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
4.15%
2024
Poverty at national poverty lines
47.1%
2019
52%
2018
Gross capital formation, % of GDP
15.3%
2023
19.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/belize | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.