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Economy of Belize vs Curacao compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $3.56B for Curacao, ranking 168/197 and 167/197 by economy size, respectively.

Belize vs Curacao GDP by year

Belize
Curacao
1x
Year GDP, current $
Belize Curacao
2024 $3,203,631,800 $3,561,178,196
2023 $3,052,362,650 $3,281,419,347
2022 $2,846,604,350 $3,075,180,835
2021 $2,428,606,250 $2,739,594,360
2020 $2,047,284,600 $2,534,327,592
2019 $2,381,187,850 $3,026,124,116
2018 $2,285,915,050 $3,046,364,820
2017 $2,266,028,250 $3,033,433,248
2016 $2,239,604,950 $3,024,690,188
2015 $2,193,095,150 $3,058,779,212
2014 $2,138,242,200 $3,059,406,995
2013 $2,035,191,450 $3,033,568,606
2012 $1,917,083,500 $3,012,836,257
2011 $1,831,576,700 $2,930,092,237
2010 $1,748,988,400 $2,951,342,793
2009 $1,688,012,750 $2,869,153,184
2008 $1,738,453,600 $2,833,476,145
2007 $1,706,190,450 $2,593,831,508
2006 $1,590,463,100 $2,457,581,732
2005 $1,474,298,400 $2,344,637,263
2004 $1,400,202,000 $2,237,160,503
2003 $1,308,280,250 $2,202,117,374
2002 $1,243,912,050 $2,160,784,693
2001 $1,172,045,150 $2,143,450,726
2000 $1,138,138,100 $2,120,511,229
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/belize/curacao | CC BY

GDP per capita in Belize vs Curacao by year

Belize
GDP per capita

GDP per capita, PPP
Curacao
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Curacao
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 $22,833 $32,693
2023 $7,425 $13,730 $21,218 $30,652
2022 $7,068 $13,461 $20,057 $28,641
2021 $6,143 $11,716 $17,796 $24,906
2020 $5,239 $9,639 $16,300 $21,722
2019 $6,172 $10,500 $19,221 $25,397
2018 $6,012 $9,497 $19,119 $24,623
2017 $6,072 $9,121 $18,938 $24,322
2016 $6,141 $9,399 $18,944 $23,650
2015 $6,155 $9,538 $19,362 $24,038
2014 $6,128 $9,490 $19,623 $24,348
2013 $5,957 $9,526 $19,721 $24,822
2012 $5,733 $9,303 $19,810 $25,106
2011 $5,596 $9,722 $19,426 $26,251
2010 $5,461 $9,748 $19,847 $25,957
2009 $5,400 $9,728 $19,540 $25,950
2008 $5,712 $9,975 $19,423 $26,098
2007 $5,762 $10,226 $18,006 $25,374
2006 $5,525 $9,910 $17,400 $24,590
2005 $5,270 $9,466 $17,032 $24,081
2004 $5,154 $9,245 $16,671 $23,791
2003 $4,960 $8,850 $16,696 $23,522
2002 $4,859 $8,154 $16,724 $23,480
2001 $4,719 $7,852 $16,610 $23,057
2000 $4,727 $7,544 $15,841 $21,891
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/belize/curacao | CC BY

Belize's GDP per capita is $7,681, ranking 98/197, compared to $22,833 in Curacao, ranking 56/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Curacao ranks 70th at $32,693.

Economic indicators

Belize Curacao
Gross domestic product
$3.2B
2024
$3.56B
2024
GDP rank
168/197
2024
167/197
2024
GDP growth
3.5%
2023-2024
5.03%
2023-2024
GDP per capita
$7,681
2024
$22,833
2024
GDP per capita rank
98/197
2024
56/197
2024
GDP per capita, PPP
$14,347
2024
$32,693
2024
GDP per capita PPP rank
117/197
2024
70/197
2024
Government debt
$2.1B
2024
n/a
Debt-to-GDP ratio
65.4%
2024
n/a
Government debt per person
$5,026
2024
n/a
Government debt per person rank
78/185
2024
n/a
Average annual personal income after taxes
$9,204
2026
$14,995
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
30%
2018
n/a
Income share by poorest 10%
2.2%
2018
n/a
Government expenditure, % of GDP
26.3%
2024
31%
2025
Consumer prices inflation
3.3%
2023-2024
2.62%
2018-2019
Central bank interest rate n/a
4.5%
2025
Unemployment rate
29.3%
2020
19.1%
2020
Population
430409
155976

Inflation comparison by year

Inflation
Belize

Curacao
1x
Year Consumer prices inflation
Belize Curacao
2024 3.3% -
2023 4.4% -
2022 6.3% -
2021 3.2% -
2020 0.1% -
2019 0.2% 2.62%
2018 0.3% 2.58%
2017 1.1% 1.59%
2016 0.7% -0.05%
2015 -0.9% -0.48%
2014 1.2% 1.5%
2013 0.5% 1.33%
2012 1.2% 3.18%
2011 1.7% 2.33%
2010 0.9% 2.78%
2009 -1.1% 1.75%
2008 6.4% 6.88%
2007 2.3% 3%
2006 4.2% 3.11%
2005 3.7% 4.12%
2004 3.1% 1.38%
2003 2.6% 1.63%
2002 2.2% 0.39%
2001 1.1% 1.79%
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); World Bank | Economy & Growth (2001–2019, retrieved 2026-04-06).

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

Over the past 19 years, Belize has recorded an average annual inflation rate of 1.65%, compared with 2.18% in Curacao. In 2019, inflation was 3.3% in Belize and 2.62% in Curacao.

Top exports between countries

Belize
Export category Export value
Wood & paper products $19K
Raw agricultural goods $5K
Textiles & consumer goods $1K
Curacao
Export category Export value

Balance of trade

Belize Curacao
Current account balance
-$51.7M
2024
-$655M
2023
Current account balance ranking
84/190
2024
113/190
2023
Current account balance, % of GDP
-1.61%
2024
-20%
2023
Goods imports
$1.36B
2024
$1.83B
2023
Goods exports
$482M
2024
$560M
2023
Service imports
$362M
2024
$935M
2023
Service exports
$1.16B
2024
$1.55B
2023
Imports of goods and services, % of GDP
53.7%
2024
92%
2018
Exports of goods and services, % of GDP
55.2%
2024
63.2%
2018

Economic freedom indices

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

Belize Curacao
Economic freedom 64.7 78
Economic freedom ranking 71/197 12/197
Property rights 46.3 n/a
Government integrity 46.2 n/a
Judicial effectiveness 73.9 n/a
Tax burden 81.8 n/a
Government spending 81 n/a
Fiscal health 87.5 n/a
Business freedom 67.2 n/a
Labor freedom 57.6 n/a
Monetary freedom 72.6 n/a
Trade freedom 57.8 n/a
Investment freedom 55 n/a
Financial freedom 50 n/a

Other economic metrics

Belize Curacao
Services, % of GDP
62.4%
2024
72.3%
2024
Industry, % of GDP
14.6%
2024
12.2%
2024
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
0.28%
2024
GNI, Atlas method
$2.98B
2024
$3.52B
2024
GNI per capita, PPP
$13,760
2024
$33,300
2024
Total reserves including gold
$498M
2024
n/a
Total reserves ranking
156/177
2024
n/a
Net foreign direct investment
-$126M
2024
-$129M
2023
Net inflows of foreign direct investment
$128M
2024
$155M
2024
Net outflows of foreign direct investment
$2.61M
2024
$8.09M
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
n/a
Gross capital formation, % of GDP
19.8%
2024
41.1%
2018

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/belize/curacao | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  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.