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Economy of Belize vs Comoros compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.52B compared to $1.55B for Comoros, ranking 167/197 and 183/197 by economy size, respectively.

Belize has $2.14B in government debt (59.5% of GDP), compared to $477M (32.5% of GDP) in Comoros.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Belize
GDP, current $

GDP, constant 2015 $
Comoros
GDP, current $

GDP, constant 2015 $
Year GDP
Belize Comoros
Current $ Constant $ Current $ Constant $
1960 $28,072,478 $141,975,429 - -
1961 $29,965,000 $148,921,260 - -
1962 $31,857,592 $156,207,459 - -
1963 $33,750,114 $163,949,779 - -
1964 $36,194,586 $172,147,071 - -
1965 $40,110,040 $180,634,853 - -
1966 $44,450,044 $189,252,662 - -
1967 $47,431,256 $198,550,879 - -
1968 $44,999,910 $213,178,569 - -
1969 $47,399,905 $224,064,266 - -
1970 $53,339,893 $234,836,589 - -
1971 $59,074,687 $244,134,805 - -
1972 $65,998,069 $269,081,241 - -
1973 $78,214,768 $283,482,184 - -
1974 $103,160,450 $321,922,327 - -
1975 $118,194,026 $333,488,431 - -
1976 $97,094,227 $333,374,975 - -
1977 $117,650,000 $355,032,995 - -
1978 $136,300,000 $383,154,474 - -
1979 $151,800,000 $411,956,277 - -
1980 $257,400,000 $461,839,033 $212,218,262 $339,631,220
1981 $260,750,000 $467,073,042 $196,349,932 $352,757,725
1982 $248,550,000 $466,574,565 $184,009,014 $375,275,369
1983 $262,150,000 $456,555,176 $191,621,955 $393,368,903
1984 $290,350,000 $465,577,611 $184,697,226 $409,537,545
1985 $287,300,000 $470,263,296 $196,726,096 $418,874,840
1986 $311,500,000 $491,647,963 $279,197,722 $426,697,798
1987 $371,100,000 $544,386,841 $337,525,853 $433,686,187
1988 $421,450,000 $597,674,043 $356,500,033 $445,340,980
1989 $491,100,000 $675,436,470 $341,476,768 $431,177,995
1990 $547,150,000 $752,750,268 $429,622,178 $453,130,286
1991 $597,100,000 $841,429,344 $424,108,770 $428,681,020
1992 $696,250,000 $948,552,073 $457,388,652 $465,251,719
1993 $752,850,000 $1,006,774,198 $452,881,475 $479,237,471
1994 $772,300,000 $1,006,574,807 $319,189,184 $453,949,150
1995 $819,050,000 $1,013,952,268 $398,461,797 $470,337,651
1996 $850,850,000 $1,025,168,003 $396,053,806 $464,262,352
1997 $873,400,000 $1,068,585,359 $364,445,601 $482,972,838
1998 $929,500,000 $1,110,158,349 $370,106,746 $489,167,041
1999 $1,000,250,000 $1,214,788,692 $382,454,990 $498,580,614
2000 $1,138,900,000 $1,363,484,411 $351,136,580 $552,666,034
2001 $1,172,800,000 $1,431,576,383 $378,512,024 $565,559,219
2002 $1,244,650,000 $1,508,840,333 $425,964,681 $578,708,159
2003 $1,308,900,000 $1,654,694,732 $546,885,223 $590,883,436
2004 $1,400,850,000 $1,733,803,048 $633,706,111 $602,226,388
2005 $1,474,950,000 $1,772,285,480 $653,845,169 $619,314,850
2006 $1,591,150,000 $1,852,241,207 $698,431,794 $635,707,838
2007 $1,707,100,000 $1,914,351,454 $795,673,153 $640,793,770
2008 $1,738,900,000 $1,882,149,833 $915,659,108 $666,198,752
2009 $1,688,500,000 $1,874,822,220 $905,341,173 $709,414,591
2010 $1,745,700,000 $1,895,708,410 $907,979,446 $743,473,998
2011 $1,827,050,000 $1,891,072,573 $1,023,087,476 $787,250,882
2012 $1,909,400,000 $1,961,756,626 $1,015,842,907 $836,931,449
2013 $2,032,750,000 $2,049,139,661 $1,116,223,107 $911,646,575
2014 $2,138,250,000 $2,131,737,317 $1,149,587,624 $947,161,529
2015 $2,193,050,000 $2,193,050,000 $966,029,600 $966,029,600
2016 $2,240,200,000 $2,194,246,345 $1,012,835,493 $992,887,430
2017 $2,266,300,000 $2,154,467,872 $1,077,439,756 $1,048,451,293
2018 $2,293,250,000 $2,178,394,773 $1,188,797,450 $1,091,014,284
2019 $2,388,300,000 $2,271,360,752 $1,195,019,531 $1,130,604,685
2020 $2,042,850,000 $1,955,575,510 $1,225,039,196 $1,175,888,998
2021 $2,420,550,000 $2,302,615,267 $1,299,039,312 $1,207,941,362
2022 $2,846,700,000 $2,524,886,205 $1,279,542,248 $1,241,985,921
2023 $3,066,850,000 $2,553,897,572 $1,430,523,436 $1,280,048,597
2024 $3,515,783,329 $2,762,085,935 $1,546,164,420 $1,323,426,672

Economic indicators

Belize Comoros
Gross domestic product
$3.52B
2024
$1.55B
2024
GDP rank
167/197
2024
183/197
2024
GDP growth
14.6%
2023-2024
8.08%
2023-2024
GDP per capita
$8,430
2024
$1,784
2024
GDP per capita rank
94/197
2024
158/197
2024
GDP per capita, PPP
$15,093
2024
$4,055
2024
Government debt
$2.14B
2024
$477M
2024
Debt-to-GDP ratio
59.5%
2025
32.5%
2025
Government debt per person
$5,138
2024
$550
2024
Government debt per person rank
77/185
2024
165/185
2024
Average annual personal income after taxes
$8,036
2025
$1,909
2025
Number of billionaires
1
2025
n/a
Income share by richest 10%
30%
2018
33.6%
2014
Income share by poorest 10%
2.2%
2018
1.6%
2014
Government expenditure, % of GDP
24.1%
2025
21.6%
2025
Consumer prices inflation
1.4%
2024-2025
3.3%
2024-2025
Unemployment rate
29.3%
2020
4.39%
2021
Population
427523
895828

GDP per capita in Belize vs Comoros

Belize's GDP per capita is $8,430, ranking 94/197, compared to $1,784 in Comoros, ranking 158/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 114th at $15,093, while Comoros ranks 166th at $4,055.

Belize
GDP per capita

GDP per capita, PPP
Comoros
GDP per capita

GDP per capita, PPP
Year Current $
Belize Comoros
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $307 - - -
1961 $320 - - -
1962 $332 - - -
1963 $342 - - -
1964 $356 - - -
1965 $383 - - -
1966 $412 - - -
1967 $426 - - -
1968 $392 - - -
1969 $402 - - -
1970 $442 - - -
1971 $481 - - -
1972 $529 - - -
1973 $619 - - -
1974 $805 - - -
1975 $906 - - -
1976 $729 - - -
1977 $866 - - -
1978 $983 - - -
1979 $1,071 - - -
1980 $1,774 - $628 -
1981 $1,753 - $565 -
1982 $1,629 - $515 -
1983 $1,677 - $522 -
1984 $1,814 - $489 -
1985 $1,754 - $507 -
1986 $1,859 - $699 -
1987 $2,166 - $822 -
1988 $2,406 - $845 -
1989 $2,742 - $788 -
1990 $2,989 $4,474 $966 $1,386
1991 $3,192 $5,061 $931 $1,323
1992 $3,646 $5,714 $983 $1,438
1993 $3,863 $6,084 $956 $1,489
1994 $3,879 $6,082 $662 $1,415
1995 $4,012 $6,100 $812 $1,471
1996 $4,046 $6,096 $794 $1,454
1997 $4,017 $6,252 $718 $1,512
1998 $4,128 $6,343 $716 $1,522
1999 $4,292 $6,801 $727 $1,546
2000 $4,730 $7,555 $655 $1,719
2001 $4,722 $7,864 $692 $1,762
2002 $4,862 $8,166 $762 $1,793
2003 $4,962 $8,863 $960 $1,831
2004 $5,156 $9,259 $1,091 $1,880
2005 $5,273 $9,480 $1,103 $1,954
2006 $5,527 $9,925 $1,155 $2,026
2007 $5,765 $10,243 $1,290 $2,056
2008 $5,713 $9,986 $1,455 $2,136
2009 $5,401 $9,744 $1,410 $2,244
2010 $5,451 $9,735 $1,387 $2,333
2011 $5,582 $9,698 $1,531 $2,472
2012 $5,710 $9,266 $1,490 $2,679
2013 $5,950 $9,514 $1,603 $2,833
2014 $6,128 $9,490 $1,616 $2,938
2015 $6,154 $9,538 $1,329 $2,949
2016 $6,142 $9,402 $1,365 $3,139
2017 $6,073 $9,122 $1,424 $3,347
2018 $6,031 $9,528 $1,541 $3,305
2019 $6,190 $10,531 $1,519 $3,313
2020 $5,227 $9,618 $1,527 $3,262
2021 $6,123 $11,677 $1,588 $3,449
2022 $7,068 $13,466 $1,534 $3,726
2023 $7,460 $13,823 $1,682 $3,903
2024 $8,430 $15,093 $1,784 $4,055

Spending and national debt comparison

In 2024, Belize's government spending was $869M, accounting for 24.1% of its GDP, while Comoros' spent $308M, or 21.6% of GDP.

Debt-to-GDP ratio is 59.5% in Belize and 32.5% in Comoros, ranking 84/185 and 157/185, respectively.

Belize
Government spending

Government debt
Comoros
Government spending

Government debt
Year % of GDP
Belize Comoros
Government spending Government debt Government spending Government debt
1984 - - 23.3% 150.3%
1985 - - 24.8% 142.9%
1986 - - 25.6% 136.8%
1987 - - 22.4% 128.9%
1988 - - 20.2% 120%
1989 - - 19.7% 113.8%
1990 - - 20.3% 108.1%
1991 - - 19.9% 103.9%
1992 - - 20.4% 101%
1993 - - 16.3% 95.7%
1994 - - 21.8% 87.8%
1995 - - 18.4% 77.7%
1996 19.9% 39.4% 15.5% 75.4%
1997 19.9% 40.7% 14.5% 70.9%
1998 20.9% 40.3% 13.1% 69.4%
1999 23.6% 43.7% 11.5% 64.5%
2000 23.1% 79% 9.74% 60.7%
2001 25.8% 49.5% 13% 53%
2002 24.4% 53.2% 14.3% 48.2%
2003 24.5% 67.2% 12.8% 44.4%
2004 21.7% 70.6% 11.7% 42.4%
2005 21.4% 72.7% 12.8% 39.9%
2006 21.2% 71.3% 12.5% 38.5%
2007 22% 66.4% 13.1% 35.6%
2008 21.8% 64.6% 15.1% 33.2%
2009 23.2% 69.7% 13.7% 31.7%
2010 23.3% 68.5% 13.3% 30.5%
2011 23.5% 66.4% 13.2% 27.7%
2012 22.1% 63.4% 14.9% 25.1%
2013 23.8% 62.9% 14.8% 10.3%
2014 24.8% 61.5% 14.5% 11.8%
2015 27.9% 65.1% 19.1% 14.3%
2016 27.7% 70.4% 18.9% 16.2%
2017 27.7% 78.1% 18.8% 18.9%
2018 26.8% 78.8% 19.2% 17%
2019 27.4% 78.4% 20.1% 21.2%
2020 33.2% 103.3% 18.8% 24.3%
2021 25.8% 82.5% 20% 26.3%
2022 22.8% 66.8% 18.4% 28.2%
2023 24.8% 67.2% 17.9% 28.7%
2024 24.7% 61% 19.9% 30.8%
2025 24.1% 59.5% 21.6% 32.5%

Government deficit by year

In 2024, Belize's government deficit, the difference between spending and revenue, was -$83.1M, equivalent to -2.36% of GDP. This compares to Comoros' deficit of -$54.2M, or -3.5% of GDP.

Over the past 29 years, Belize recorded a fiscal deficit in 28 of those years, while Comoros ran a deficit in 23 years. On average, Belize posted an annual deficit equal to -3.19% of GDP, compared to deficit of -0.85% of GDP for Comoros.

Deficit/surplus
Belize

Comoros
Year Deficit/surplus, % of GDP
Belize Comoros
1984 - -5.7%
1985 - -5.02%
1986 - -4.83%
1987 - -3.11%
1988 - -2.69%
1989 - -1.31%
1990 - -1.03%
1991 - -2.26%
1992 - -1.99%
1993 - 1.27%
1994 - -3.7%
1995 - -4.13%
1996 -1.76% -3.43%
1997 -1.81% -1.3%
1998 -2.69% -2%
1999 -6.51% -0.46%
2000 -6.68% -1.14%
2001 -7.23% -2.13%
2002 -5.4% -2.15%
2003 -8.41% -2.05%
2004 -4.52% -0.98%
2005 -3.7% -1.41%
2006 -2.27% -1.51%
2007 -0.19% -1.18%
2008 1.25% -1.46%
2009 -2.46% 0.36%
2010 -1.91% 4.2%
2011 -1.06% 0.86%
2012 -0.22% 1.96%
2013 -1.21% 10.5%
2014 -1.72% -0.33%
2015 -5.14% 2.6%
2016 -4.47% -5.52%
2017 -3.48% -0.1%
2018 -1.36% -1.35%
2019 -2.89% -4.3%
2020 -8.59% -0.52%
2021 -3.3% -2.81%
2022 -0.48% -4.17%
2023 -1.99% -1.34%
2024 -2.36% -3.5%
2025 -1.65% -2.4%

Inflation comparison by year

Over the past 30 years, Belize has recorded an average annual inflation rate of 1.87%, compared with 3.32% in Comoros. In 2025, inflation was 1.4% in Belize and 3.3% in Comoros.

Inflation
Belize

Comoros
Year Inflation
Belize Comoros Belize Comoros
1996 6.4% 2.4%
1997 1% 1.5%
1998 -0.8% 1.2%
1999 -1.2% 1.1%
2000 0.6% 5.9%
2001 1.1% 5.6%
2002 2.2% 3.6%
2003 2.6% 3.7%
2004 3.1% 4.5%
2005 3.7% 3%
2006 4.2% 3.4%
2007 2.3% 4.5%
2008 6.4% 4.8%
2009 -1.1% 4.8%
2010 0.9% 3.9%
2011 1.7% 2.2%
2012 1.2% 5.9%
2013 0.5% 0.4%
2014 1.2% 0%
2015 -0.9% 0.9%
2016 0.7% 0.8%
2017 1.1% 0.1%
2018 0.3% 1.7%
2019 0.2% 3.7%
2020 0.1% 0.8%
2021 3.2% 0%
2022 6.3% 12.4%
2023 4.4% 8.5%
2024 3.3% 5%
2025 1.4% 3.3%

Balance of trade

Belize Comoros
Current account balance
-$51.7M
2024
-$24.6M
2023
Current account balance ranking
80/189
2024
77/189
2023
Current account balance, % of GDP
-1.47%
2024
-1.72%
2023
Goods imports
$1.36B
2024
$299M
2023
Goods exports
$482M
2024
$32.1M
2023
Service imports
$362M
2024
$205M
2023
Service exports
$1.16B
2024
$116M
2023
Imports of goods and services, % of GDP
51.2%
2023
34.5%
2024
Exports of goods and services, % of GDP
55.3%
2023
9.91%
2024

Economic freedom indices

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

Belize Comoros
Economic freedom 64.2 51.4
Economic freedom ranking 73/197 153/197
Property rights 35.1 22.9
Government integrity 44.4 16
Judicial effectiveness 72.6 20.9
Tax burden 83.2 65.3
Government spending 82.2 89.5
Fiscal health 86.5 86.1
Business freedom 68.3 49.9
Labor freedom 65.1 55.1
Monetary freedom 71.2 71.3
Trade freedom 56.6 64.2
Investment freedom 55 45
Financial freedom 50 30

Economic freedom by year comparison

The Economic Freedom Index for Belize is 64.2, ranking 73/197, compared to 51.4 for Comoros, ranking 153/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Belize
Comoros
Year Economic freedom index
Belize Comoros
1995 62.9 -
1996 61.6 -
1997 64.3 -
1998 59.1 -
1999 60.7 -
2000 63.3 -
2001 65.9 -
2002 65.6 -
2003 63.5 -
2004 62.8 -
2005 64.5 -
2006 64.7 -
2007 63.3 -
2008 63 -
2009 63 43.3
2010 61.5 44.9
2011 63.8 43.8
2012 61.9 45.7
2013 57.3 47.5
2014 56.7 51.4
2015 56.8 52.1
2016 57.4 52.4
2017 58.6 55.8
2018 57.1 56.2
2019 55.4 55.4
2020 57.4 53.7
2021 57.5 55.7
2022 56.6 50.4
2023 59.8 53.5
2024 61.2 52
2025 64.2 51.4

More economic indicators

Belize Comoros
Services, % of GDP
62.4%
2023
50.1%
2024
Industry, % of GDP
14.3%
2023
9.56%
2024
Agriculture, forestry, and fishing, % of GDP
8.1%
2023
36.6%
2024
GNI, Atlas method
$3.19B
2024
$1.47B
2024
GNI per capita, PPP
$14,530
2024
$4,080
2024
Total reserves including gold
$498M
2024
$324M
2024
Total reserves ranking
156/177
2024
166/177
2024
Net foreign direct investment
-$126M
2024
-$5.35M
2023
Net inflows of foreign direct investment
$128M
2024
$7.1M
2024
Net outflows of foreign direct investment
$2.61M
2024
$1.1M
1990
Servicing debt to the IMF, % of GNI
3.86%
2023
1.31%
2023
Poverty at national poverty lines
52%
2018
44.8%
2020
Gross capital formation, % of GDP
18.3%
2023
11.7%
2024

GDP per capita map

GDP per capita

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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.