Skip to content

Belize economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Belize ranked 170/197 by economy size with a GDP of $3.33B and 99/197 by GDP per capita at $7,865. Belize has $2.26B in government debt, with a debt-to-GDP ratio of 67.9%.

In 2025, Belize made up 0.003% of the world's economy, compared to 0.002% in 1960.

Belize GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $3,326,500,000 2.75%
2024 $3,203,631,800 3.5%
2023 $3,052,362,650 0.5%
2022 $2,846,604,350 9.25%
2021 $2,428,606,250 18%
2020 $2,047,284,600 -13.5%
2019 $2,381,187,850 4.26%
2018 $2,285,915,050 0.82%
2017 $2,266,028,250 -1.83%
2016 $2,239,604,950 -0.02%
2015 $2,193,095,150 2.76%
2014 $2,138,242,200 3.89%
2013 $2,035,191,450 4.07%
2012 $1,917,083,500 3.94%
2011 $1,831,576,700 -0.13%
2010 $1,748,988,400 1.42%
2009 $1,688,012,750 -0.45%
2008 $1,738,453,600 -1.63%
2007 $1,706,190,450 3.34%
2006 $1,590,463,100 4.51%
2005 $1,474,298,400 2.22%
2004 $1,400,202,000 4.78%
2003 $1,308,280,250 9.67%
2002 $1,243,912,050 5.4%
2001 $1,172,045,150 4.99%
2000 $1,138,138,100 12.2%
1999 $999,713,050 9.42%
1998 $929,047,000 3.89%
1997 $872,916,050 4.23%
1996 $850,339,100 1.11%
1995 $818,590,250 0.73%
1994 $771,838,000 -0.02%
1993 $752,255,150 6.14%
1992 $695,741,150 12.7%
1991 $596,682,100 11.8%
1990 $546,750,912 11.3%
1989 $491,100,000 13%
1988 $421,450,000 9.79%
1987 $371,100,000 10.7%
1986 $311,500,000 4.55%
1985 $287,300,000 1.01%
1984 $290,350,000 1.98%
1983 $262,150,000 -2.15%
1982 $248,550,000 -0.11%
1981 $260,750,000 1.13%
1980 $257,400,000 12.1%
1979 $151,800,000 7.52%
1978 $136,300,000 7.92%
1977 $117,650,000 6.5%
1976 $97,094,227 -0.03%
1975 $118,194,026 3.59%
1974 $103,160,450 13.6%
1973 $78,214,768 5.35%
1972 $65,998,069 10.2%
1971 $59,074,687 3.96%
1970 $53,339,893 4.81%
1969 $47,399,905 5.11%
1968 $44,999,910 7.37%
1967 $47,431,256 4.91%
1966 $44,450,044 4.77%
1965 $40,110,040 4.93%
1964 $36,194,586 5%
1963 $33,750,114 4.96%
1962 $31,857,592 4.89%
1961 $29,965,000 4.89%
1960 $28,072,478 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize | CC BY

Belize GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $7,865 -
2024 $7,681 $14,347
2023 $7,425 $13,730
2022 $7,068 $13,461
2021 $6,143 $11,716
2020 $5,239 $9,639
2019 $6,172 $10,500
2018 $6,012 $9,497
2017 $6,072 $9,121
2016 $6,141 $9,399
2015 $6,155 $9,538
2014 $6,128 $9,490
2013 $5,957 $9,526
2012 $5,733 $9,303
2011 $5,596 $9,722
2010 $5,461 $9,748
2009 $5,400 $9,728
2008 $5,712 $9,975
2007 $5,762 $10,226
2006 $5,525 $9,910
2005 $5,270 $9,466
2004 $5,154 $9,245
2003 $4,960 $8,850
2002 $4,859 $8,154
2001 $4,719 $7,852
2000 $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 (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize | CC BY

Belize has a GDP per capita of $7,865, ranking 99/197, a GDP per capita based on purchasing power parity (PPP) of $14,347, ranking 117/197, and a median annual after tax income of $5,278, ranking 105/197.

Belize GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 156 89 -
2024 165 93 108
2023 166 94 114
2022 168 93 110
2021 169 96 113
2020 171 102 116
2019 169 98 117
2018 170 101 118
2017 170 96 121
2016 169 89 116
2015 170 90 115
2014 170 100 115
2013 170 103 113
2012 171 101 113
2011 173 101 106
2010 172 93 100
2009 173 88 99
2008 169 88 97
2007 165 84 94
2006 165 79 91
2005 163 74 87
2004 163 68 84
2003 161 61 80
2002 159 59 81
2001 158 62 82
2000 155 61 79
1999 156 61 82
1998 158 64 85
1997 160 65 81
1996 160 63 79
1995 159 60 78
1994 155 56 76
1993 156 56 73
1992 151 56 74
1991 156 59 84
1990 155 62 90
1989 141 55 -
1988 142 64 -
1987 141 65 -
1986 137 66 -
1985 135 67 -
1984 134 69 -
1983 133 71 -
1982 133 74 -
1981 133 73 -
1980 133 69 -
1979 128 78 -
1978 128 75 -
1977 128 75 -
1976 129 75 -
1975 127 65 -
1974 125 68 -
1973 128 66 -
1972 126 63 -
1971 127 58 -
1970 127 62 -
1969 116 50 -
1968 116 49 -
1967 115 47 -
1966 113 47 -
1965 113 46 -
1964 110 44 -
1963 110 45 -
1962 110 43 -
1961 108 42 -
1960 106 41 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize | CC BY

Compared with 2000, in 2025 Belize is ranked 156th out of 179 by GDP (down from 155th), 89th by GDP per capita (down from 61st), and 108th by GDP per capita PPP (down from 79th).

Economic indicators

Belize Rank
Gross domestic product
$3.33B
2025
170/197
GDP growth
2.75%
2024-2025
116/194
GDP per capita
$7,865
2025
99/197
GDP per capita, PPP
$14,347
2024
117/197
Government debt
$2.26B
2025
157/185
Debt-to-GDP ratio
67.9%
2025
61/185
Government debt per person
$5,339
2025
81/185
Average annual personal income after taxes
$5,278
2026
105/197
Number of billionaires
1
2026
65/74
Billionaire frequency
1 in 273,946
2026
11/74
Income share by richest 10%
30%
2018
57/169
Income share by poorest 10%
2.2%
2018
119/169
Government expenditure, % of GDP
25.9%
2025
119/195
Consumer prices inflation
1.1%
2024-2025
153/195
Unemployment rate
29.3%
2020
5/196
Population
431659
171/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 25.9% 67.9% -0.96%
2024 26.8% 65.4% -1.52%
2023 25.8% 67.5% -2.42%
2022 23.4% 66.8% -1.04%
2021 25.7% 82.2% -3.29%
2020 33.2% 103% -8.57%
2019 27.5% 78.6% -2.9%
2018 26.9% 79% -1.37%
2017 27.7% 78.1% -3.48%
2016 27.7% 70.5% -4.47%
2015 27.9% 65.1% -5.14%
2014 24.8% 61.5% -1.72%
2013 23.8% 62.8% -1.21%
2012 22.1% 63.1% -0.22%
2011 23.5% 66.2% -1.06%
2010 23.3% 68.4% -1.9%
2009 23.2% 69.7% -2.46%
2008 21.8% 64.7% 1.25%
2007 22.1% 66.4% -0.19%
2006 21.2% 71.4% -2.27%
2005 21.4% 72.7% -3.7%
2004 21.7% 70.7% -4.52%
2003 24.6% 67.2% -8.41%
2002 24.4% 53.2% -5.41%
2001 25.9% 49.5% -7.23%
2000 23.2% 79% -6.68%
1999 23.6% 41.5% -6.51%
1998 20.9% 38.7% -2.69%
1997 19.9% 39.4% -1.81%
1996 19.9% 38.4% -1.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08).

GeoRank.org/economy/belize | CC BY

This chart shows Belize's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 30 years, Belize recorded a fiscal deficit in 29 of them, with an average annual deficit equal to 3.12% of GDP. In 2025, government spending reached $861M (25.9% of GDP), with a deficit of 0.96%.

The national debt reached $2.26B, ranking 157th out of 185 countries by total size, with a debt-to-GDP ratio of 67.9%, ranking 61st.

Inflation rate by year

1x
Year Inflation
2025 1.1%
2024 3.3%
2023 4.4%
2022 6.3%
2021 3.2%
2020 0.1%
2019 0.2%
2018 0.3%
2017 1.1%
2016 0.7%
2015 -0.9%
2014 1.2%
2013 0.5%
2012 1.2%
2011 1.7%
2010 0.9%
2009 -1.1%
2008 6.4%
2007 2.3%
2006 4.2%
2005 3.7%
2004 3.1%
2003 2.6%
2002 2.2%
2001 1.1%
2000 0.6%
1999 -1.2%
1998 -0.8%
1997 1%
1996 6.4%
1995 2.9%
1994 2.6%
1993 1.5%
1992 2.4%
1991 2.3%
1990 2%
1989 0%
1988 5.3%
1987 2%
1986 0.8%
1985 4.2%
1984 3.4%
1983 5%
1982 6.8%
1981 11.2%
1980 7.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1980–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize | CC BY

Over the past 20 years, Belize has had an average annual inflation rate of 1.86%. In 2025, inflation was 1.1%. The bar chart above shows consumer price inflation by year.

Balance of trade

Belize Rank
Current account balance
-$92.3M
2025
80/190
Current account balance, % of GDP
-2.77%
2025
108/190
Goods imports
$1.38B
2025
163/189
Goods exports
$443M
2025
161/189
Service imports
$352M
2025
166/189
Service exports
$1.21B
2025
130/189
Imports of goods and services, % of GDP
53.7%
2024
64/182
Exports of goods and services, % of GDP
55.2%
2024
42/193

Belize top 10 trading partners

Belize's biggest trading partner accounting for 40.8% of all exports and imports is the United States, with a trade balance between the two of -$557M: Belize exports $62.7M worth of goods and services to the United States and imports $620M.

Below is the list of the top 10 trade partners of Belize.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 United States $683M 40.8% $62.7M $620M Raw materials & minerals Machinery & equipment
2 China $260M 15.6% $672K $260M Machinery & equipment Textiles & consumer goods
3 Mexico $143M 8.52% $10.3M $132M Animal & marine products Processed food, beverages & tobacco
4 Guatemala $126M 7.52% $9.33M $117M Processed food, beverages & tobacco Raw materials & minerals
5 United Kingdom $78.1M 4.66% $63.8M $14.2M Processed food, beverages & tobacco Processed food, beverages & tobacco
6 Trinidad $38.8M 2.32% $15.3M $23.5M Processed food, beverages & tobacco Processed food, beverages & tobacco
7 Costa Rica $20.4M 1.22% $1.3M $19.1M Processed food, beverages & tobacco Processed food, beverages & tobacco
8 South Korea $20.1M 1.2% $30K $20.1M Processed food, beverages & tobacco Processed food, beverages & tobacco
9 Panama $19M 1.13% $133K $18.9M Raw agricultural goods Textiles & consumer goods
10 Honduras $18.6M 1.11% $12.1M $6.44M Processed food, beverages & tobacco Raw materials & minerals

Top 10 exports

Belize Rank
Transport & tourism services $868M 129/191
Business & finance services $126M 127/189
IT & IP services $116M 107/185
Processed food, beverages & tobacco $112M 130/192
Raw agricultural goods $55.2M 132/193
Government & miscellaneous services $48.2M 104/187
Animal & marine products $31.7M 137/192
Raw materials & minerals $20.2M 162/193
Machinery & equipment $6.56M 173/193
Wood & paper products $5.94M 147/192

Top 10 imports

Belize Rank
Machinery & equipment $380M 161/193
Raw materials & minerals $287M 160/193
Processed food, beverages & tobacco $222M 154/193
Transport & tourism services $215M 166/191
Textiles & consumer goods $180M 154/193
Chemicals & pharma $150M 162/193
Metals $108M 159/193
Business & finance services $88.1M 163/189
Wood & paper products $48M 157/193
Raw agricultural goods $31.5M 178/193

Economic freedom indices

Belize Rank
Economic freedom 64.7 71/197
Property rights 46.3 100/182
Government integrity 46.2 75/182
Judicial effectiveness 73.9 43/182
Tax burden 81.8 72/182
Government spending 81 62/180
Fiscal health 87.5 58/181
Business freedom 67.2 86/182
Labor freedom 57.6 71/182
Monetary freedom 72.6 102/180
Trade freedom 57.8 158/181
Investment freedom 55 89/181
Financial freedom 50 70/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 64.7 73.9 81.8 81 87.5
2025 64.2 72.6 83.2 82.2 86.5
2024 61.2 71.5 82 78.5 64.7
2023 59.8 41.7 80.7 76.6 60.4
2022 56.6 70.2 77 64.1 37.6
2021 57.5 45.7 78.7 64.7 68.5
2020 57.4 46.4 79.5 66.3 53.9
2019 55.4 46.9 79.9 65.9 39.1
2018 57.1 53.5 80 65.5 50
2017 58.6 48.7 81.3 68.6 60.5
2016 57.4 - 82.1 71.9 -
2015 56.8 - 82.4 78.3 -
2014 56.7 - 82.1 74.2 -
2013 57.3 - 82.2 72.6 -
2012 61.9 - 82.8 74.6 -
2011 63.8 - 82.3 76.1 -
2010 61.5 - 68.3 74.9 -
2009 63 - 68.8 77.6 -
2008 63 - 69.3 74.8 -
2007 63.3 - 69.7 74.9 -
2006 64.7 - 83.9 71.5 -
2005 64.5 - 83.9 68.9 -
2004 62.8 - 84.1 64.7 -
2003 63.5 - 84.3 60.9 -
2002 65.6 - 84.5 74.8 -
2001 65.9 - 83.6 74.8 -
2000 63.3 - 58.9 74.8 -
1999 60.7 - 63.6 74.9 -
1998 59.1 - 63.7 64.7 -
1997 64.3 - 63.3 88.2 -
1996 61.6 - 63.3 68.7 -
1995 62.9 - 63.2 64.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/belize | CC BY

Belize is ranked 64/174 for economic freedom with a score of 64.7, compared to 45/162 and a score of 64.7 in 2006.

Other economic metrics

Belize Rank
Services, % of GDP
62.4%
2024
61/191
Industry, % of GDP
14.6%
2024
163/194
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
86/193
GNI, Atlas method
$3.19B
2025
168/194
GNI per capita, PPP
$14,230
2025
116/191
Total reserves including gold
$559M
2025
156/177
Net foreign direct investment
$1.15M
2025
45/189
Net inflows of foreign direct investment
$128M
2024
144/193
Net outflows of foreign direct investment
$2.61M
2024
127/193
Servicing debt to the IMF, % of GNI
4.15%
2024
61/121
Poverty at national poverty lines
52%
2018
17/176
Gross capital formation, % of GDP
19.8%
2024
127/179

Compare Belize vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize | CC BY

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2024–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.