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Economy of Belize vs Egypt compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $389B for Egypt, ranking 168/197 and 41/197 by economy size, respectively.

Belize has $2.1B in government debt (65.4% of GDP), compared to $354B (90.9% of GDP) in Egypt.

Belize vs Egypt GDP by year

Belize
Egypt
1x
Year GDP, current $
Belize Egypt
2024 $3,203,631,800 $389,059,911,004
2023 $3,052,362,650 $395,926,075,163
2022 $2,846,604,350 $476,747,720,365
2021 $2,428,606,250 $424,671,765,456
2020 $2,047,284,600 $383,817,841,547
2019 $2,381,187,850 $318,678,815,490
2018 $2,285,915,050 $262,588,632,527
2017 $2,266,028,250 $248,362,771,739
2016 $2,239,604,950 $332,441,717,791
2015 $2,193,095,150 $329,366,576,819
2014 $2,138,242,200 $305,595,408,895
2013 $2,035,191,450 $288,434,108,527
2012 $1,917,083,500 $279,116,666,667
2011 $1,831,576,700 $235,989,672,978
2010 $1,748,988,400 $218,983,666,062
2009 $1,688,012,750 $189,147,005,445
2008 $1,738,453,600 $162,818,181,818
2007 $1,706,190,450 $130,437,828,371
2006 $1,590,463,100 $107,426,086,957
2005 $1,474,298,400 $89,660,339,660
2004 $1,400,202,000 $78,782,467,532
2003 $1,308,280,250 $80,288,461,538
2002 $1,243,912,050 $85,146,067,416
2001 $1,172,045,150 $96,684,636,119
2000 $1,138,138,100 $99,838,543,960
1999 $999,713,050 $90,710,704,807
1998 $929,047,000 $84,828,807,556
1997 $872,916,050 $78,436,578,171
1996 $850,339,100 $67,629,716,981
1995 $818,590,250 $60,159,245,060
1994 $771,838,000 $51,897,983,393
1993 $752,255,150 $46,578,631,453
1992 $695,741,150 $41,855,986,519
1991 $596,682,100 $37,387,836,491
1990 $546,750,912 $42,978,914,311
1989 $491,100,000 $39,756,299,050
1988 $421,450,000 $34,980,124,929
1987 $371,100,000 $40,455,616,654
1986 $311,500,000 $41,253,507,951
1985 $287,300,000 $39,053,502,251
1984 $290,350,000 $33,971,188,992
1983 $262,150,000 $30,966,239,814
1982 $248,550,000 $27,655,172,414
1981 $260,750,000 $22,136,081,081
1980 $257,400,000 $21,669,908,176
1979 $151,800,000 $18,020,571,429
1978 $136,300,000 $14,811,704,063
1977 $117,650,000 $14,400,806,876
1976 $97,094,227 $13,315,988,083
1975 $118,194,026 $11,632,178,869
1974 $103,160,450 $9,228,963,225
1973 $78,214,768 $10,098,534,613
1972 $65,998,069 $9,299,638,056
1971 $59,074,687 $8,609,283,346
1970 $53,339,893 $8,042,200,452
1969 $47,399,905 $6,524,455,206
1968 $44,999,910 $5,932,242,991
1967 $47,431,256 $5,605,484,299
1966 $44,450,044 $5,278,005,612
1965 $40,110,040 $4,948,667,540
1964 $36,194,586 $4,709,245,762
1963 $33,750,114 $4,187,146,232
1962 $31,857,592 $4,035,462,027
1961 $29,965,000 $4,494,575,611
1960 $28,072,478 $4,206,270,352

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

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

GDP per capita in Belize vs Egypt by year

Belize
GDP per capita

GDP per capita, PPP
Egypt
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Egypt
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 $3,338 $19,094
2023 $7,425 $13,730 $3,457 $18,525
2022 $7,068 $13,461 $4,233 $17,527
2021 $6,143 $11,716 $3,827 $15,579
2020 $5,239 $9,639 $3,511 $15,232
2019 $6,172 $10,500 $2,963 $13,364
2018 $6,012 $9,497 $2,485 $12,329
2017 $6,072 $9,121 $2,395 $11,125
2016 $6,141 $9,399 $3,271 $10,666
2015 $6,155 $9,538 $3,307 $10,903
2014 $6,128 $9,490 $3,133 $10,256
2013 $5,957 $9,526 $3,026 $10,511
2012 $5,733 $9,303 $2,996 $10,342
2011 $5,596 $9,722 $2,591 $8,988
2010 $5,461 $9,748 $2,455 $8,838
2009 $5,400 $9,728 $2,162 $8,465
2008 $5,712 $9,975 $1,896 $8,191
2007 $5,762 $10,226 $1,548 $7,641
2006 $5,525 $9,910 $1,299 $7,079
2005 $5,270 $9,466 $1,106 $6,554
2004 $5,154 $9,245 $991 $6,207
2003 $4,960 $8,850 $1,031 $5,928
2002 $4,859 $8,154 $1,117 $5,753
2001 $4,719 $7,852 $1,295 $5,650
2000 $4,727 $7,544 $1,366 $5,452
1999 $4,290 $6,790 $1,268 $5,121
1998 $4,126 $6,333 $1,213 $4,869
1997 $4,014 $6,243 $1,146 $4,661
1996 $4,043 $6,087 $1,009 $4,434
1995 $4,010 $6,091 $916 $4,235
1994 $3,877 $6,073 $807 $4,048
1993 $3,860 $6,075 $740 $3,895
1992 $3,643 $5,706 $681 $3,784
1991 $3,190 $5,053 $623 $3,627
1990 $2,986 $4,467 $736 $3,566
1989 $2,742 - $701 -
1988 $2,406 - $634 -
1987 $2,166 - $754 -
1986 $1,859 - $790 -
1985 $1,754 - $770 -
1984 $1,814 - $690 -
1983 $1,677 - $648 -
1982 $1,629 - $596 -
1981 $1,753 - $490 -
1980 $1,774 - $493 -
1979 $1,071 - $421 -
1978 $983 - $355 -
1977 $866 - $353 -
1976 $729 - $335 -
1975 $906 - $299.2 -
1974 $805 - $243.1 -
1973 $619 - $272.2 -
1972 $529 - $256.5 -
1971 $481 - $243 -
1970 $442 - $232.3 -
1969 $402 - $193 -
1968 $392 - $179.8 -
1967 $426 - $174.1 -
1966 $412 - $168.1 -
1965 $383 - $161.6 -
1964 $356 - $157.7 -
1963 $342 - $143.9 -
1962 $332 - $142.4 -
1961 $320 - $162.8 -
1960 $307 - $156.4 -

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

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

Belize's GDP per capita is $7,681, ranking 98/197, compared to $3,338 in Egypt, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Egypt ranks 99th at $19,094.

Economic indicators

Belize Egypt
Gross domestic product
$3.2B
2024
$389B
2024
GDP rank
168/197
2024
41/197
2024
GDP growth
3.5%
2023-2024
2.4%
2023-2024
GDP per capita
$7,681
2024
$3,338
2024
GDP per capita rank
98/197
2024
138/197
2024
GDP per capita, PPP
$14,347
2024
$19,094
2024
GDP per capita PPP rank
117/197
2024
99/197
2024
Government debt
$2.1B
2024
$354B
2024
Debt-to-GDP ratio
65.4%
2024
90.9%
2024
Government debt per person
$5,026
2024
$3,036
2024
Government debt per person rank
78/185
2024
99/185
2024
Average annual personal income after taxes
$9,204
2026
$1,948
2026
Market capitalization of domestic companies n/a
$42.6B
2024
Number of billionaires
1
2025
5
2025
Income share by richest 10%
30%
2018
24.6%
2021
Income share by poorest 10%
2.2%
2018
4.2%
2021
Government expenditure, % of GDP
26.3%
2024
22.9%
2024
Consumer prices inflation
3.3%
2023-2024
28.3%
2023-2024
Central bank interest rate n/a
21%
2025
Unemployment rate
29.3%
2020
5.95%
2024
Population
430409
120697176

Spending and national debt comparison by year

Belize
Spending

Debt
Egypt
Spending

Debt
1x
Year % of GDP
Belize Egypt
Government spending Government debt Government spending Government debt
2024 26.3% 65.4% 22.9% 90.9%
2023 25.8% 67.5% 22.7% 95.9%
2022 23.4% 66.8% 24.9% 88.5%
2021 25.7% 82.2% 25.5% 89.9%
2020 33.2% 103% 25.7% 86.2%
2019 27.5% 78.6% 26.9% 80.1%
2018 26.9% 79% 28.6% 87.9%
2017 27.7% 78.1% 30.6% 97.8%
2016 27.7% 70.5% 31% 91.6%
2015 27.9% 65.1% 31.3% 83.8%
2014 24.8% 61.5% 33.9% 80.9%
2013 23.8% 62.8% 32.9% 79.8%
2012 22.1% 63.1% 29.2% 69.9%
2011 23.5% 66.2% 30.5% 72.8%
2010 23.3% 68.4% 31.4% 69.6%
2009 23.2% 69.7% 32.5% 69.5%
2008 21.8% 64.7% 32.7% 66.8%
2007 22.1% 66.4% 31.3% 76.3%
2006 21.2% 71.4% 34.5% 85.9%
2005 21.4% 72.7% 30.3% 98.3%
2004 21.7% 70.7% 30.1% 96.5%
2003 24.6% 67.2% 30.6% 97.1%
2002 24.4% 53.2% 30.9% 85.8%
2001 25.9% 49.5% 27.9% 79.1%
2000 23.2% 79% 26% 71.7%
1999 23.6% 41.5% 26.3% 72.4%
1998 20.9% 38.7% - 73.8%
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/belize/egypt | CC BY

In 2024, Belize's government spending was $842M, accounting for 26.3% of its GDP, while Egypt spent $89.2B, or 22.9% of GDP.

Debt-to-GDP ratio is 65.4% in Belize and 90.9% in Egypt, ranking 67/185 and 31/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Egypt
1x
Year Deficit/surplus, % of GDP
Belize Egypt
2024 -1.23% -7.12%
2023 -2.42% -5.77%
2022 -1.04% -5.74%
2021 -3.29% -6.96%
2020 -8.57% -7.47%
2019 -2.9% -7.6%
2018 -1.37% -8.97%
2017 -3.48% -9.9%
2016 -4.47% -11.8%
2015 -5.14% -10.4%
2014 -1.72% -10.7%
2013 -1.21% -12.3%
2012 -0.22% -9.47%
2011 -1.06% -9.6%
2010 -1.9% -7.45%
2009 -2.46% -6.2%
2008 1.25% -6.05%
2007 -0.19% -4.9%
2006 -2.27% -7.35%
2005 -3.7% -6.69%
2004 -4.52% -5.76%
2003 -8.41% -5.73%
2002 -5.41% -6.77%
2001 -7.23% -1.07%
2000 -6.68% 1.32%
1999 -6.51% 2.14%
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/belize/egypt | CC BY

In 2024, Belize's government deficit, the difference between spending and revenue, was $39.4M, equivalent to 1.23% of GDP. This compares to Egypt's deficit of $27.7B, or 7.12% of GDP.

Over the past 26 years, Belize recorded a fiscal deficit in 25 of those years, while Egypt ran a deficit in 24 years. On average, Belize posted an annual deficit equal to 3.31% of GDP, compared to deficit of 6.86% of GDP for Egypt.

Inflation comparison by year

Inflation
Belize

Egypt
1x
Year Consumer prices inflation
Belize Egypt
2024 3.3% 28.3%
2023 4.4% 33.9%
2022 6.3% 13.9%
2021 3.2% 5.21%
2020 0.1% 5.04%
2019 0.2% 9.15%
2018 0.3% 14.4%
2017 1.1% 29.5%
2016 0.7% 13.8%
2015 -0.9% 10.4%
2014 1.2% 10.1%
2013 0.5% 9.47%
2012 1.2% 7.11%
2011 1.7% 10.1%
2010 0.9% 11.3%
2009 -1.1% 11.8%
2008 6.4% 18.3%
2007 2.3% 9.32%
2006 4.2% 7.64%
2005 3.7% 4.87%
2004 3.1% 11.3%
2003 2.6% 4.51%
2002 2.2% 2.74%
2001 1.1% 2.27%
2000 0.6% 2.68%
1999 -1.2% 3.08%
1998 -0.8% 3.87%
1997 1% 4.63%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Belize has recorded an average annual inflation rate of 1.73%, compared with 10.7% in Egypt. In 2024, inflation was 3.3% in Belize and 28.3% in Egypt.

Top exports between countries

Belize
Export category Export value
Processed food, beverages & tobacco $494K
Egypt
Export category Export value
Metals $43K
Chemicals & pharma $37K

Balance of trade

Belize Egypt
Current account balance
-$51.7M
2024
-$22.3B
2024
Current account balance ranking
84/190
2024
184/190
2024
Current account balance, % of GDP
-1.61%
2024
-5.72%
2024
Goods imports
$1.36B
2024
$72.9B
2024
Goods exports
$482M
2024
$34.8B
2024
Service imports
$362M
2024
$27.5B
2024
Service exports
$1.16B
2024
$29.6B
2024
Imports of goods and services, % of GDP
53.7%
2024
23.2%
2024
Exports of goods and services, % of GDP
55.2%
2024
16.4%
2024

Economic freedom indices

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

Belize Egypt
Economic freedom 64.7 50.3
Economic freedom ranking 71/197 160/197
Property rights 46.3 35.5
Government integrity 46.2 27.1
Judicial effectiveness 73.9 24
Tax burden 81.8 85.7
Government spending 81 83.4
Fiscal health 87.5 21.8
Business freedom 67.2 51.4
Labor freedom 57.6 43.1
Monetary freedom 72.6 56
Trade freedom 57.8 60.2
Investment freedom 55 65
Financial freedom 50 50

Economic freedom comparison by year

Belize
Egypt
1x
Year Economic freedom index
Belize Egypt
2026 64.7 50.3
2025 64.2 50.9
2024 61.2 49.7
2023 59.8 49.6
2022 56.6 49.1
2021 57.5 55.7
2020 57.4 54
2019 55.4 52.5
2018 57.1 53.4
2017 58.6 52.6
2016 57.4 56
2015 56.8 55.2
2014 56.7 52.9
2013 57.3 54.8
2012 61.9 57.9
2011 63.8 59.1
2010 61.5 59
2009 63 58
2008 63 58.5
2007 63.3 54.4
2006 64.7 53.2
2005 64.5 55.8
2004 62.8 55.5
2003 63.5 55.3
2002 65.6 54.1
2001 65.9 51.5
2000 63.3 51.7
1999 60.7 58
1998 59.1 55.8
1997 64.3 54.5
1996 61.6 52
1995 62.9 45.7

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 50.3 for Egypt, ranking 160/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Egypt
Services, % of GDP
62.4%
2024
48.9%
2024
Industry, % of GDP
14.6%
2024
32.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
13.7%
2024
GNI, Atlas method
$2.98B
2024
$409B
2024
GNI per capita, PPP
$13,760
2024
$18,230
2024
Total reserves including gold
$498M
2024
$44.9B
2024
Total reserves ranking
156/177
2024
44/177
2024
Net foreign direct investment
-$126M
2024
-$46.1B
2024
Net inflows of foreign direct investment
$128M
2024
$46.6B
2024
Net outflows of foreign direct investment
$2.61M
2024
$508M
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
8.86%
2024
Poverty at national poverty lines
52%
2018
33.5%
2021
Gross capital formation, % of GDP
19.8%
2024
13%
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/belize/egypt | 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. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.