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Economy of Belize vs France compared: GDP & Debt

Updated on by Georank

Belize has a GDP of $3.33B compared to $3.37T for France, ranking 170/197 and 7/197 by economy size, respectively.

Belize has $2.26B in government debt (67.9% of GDP), compared to $3.9T (116% of GDP) in France.

Belize vs France GDP by year

Belize
France
1x
Year GDP, current $
Belize France
2025 $3,326,500,000 $3,366,315,927,447
2024 $3,203,631,800 $3,160,442,622,465
2023 $3,052,362,650 $3,056,250,648,138
2022 $2,846,604,350 $2,794,788,137,067
2021 $2,428,606,250 $2,966,433,692,008
2020 $2,047,284,600 $2,647,926,055,110
2019 $2,381,187,850 $2,722,793,515,172
2018 $2,285,915,050 $2,781,576,320,884
2017 $2,266,028,250 $2,588,868,323,335
2016 $2,239,604,950 $2,470,407,619,777
2015 $2,193,095,150 $2,442,483,452,643
2014 $2,138,242,200 $2,861,236,112,552
2013 $2,035,191,450 $2,816,077,607,875
2012 $1,917,083,500 $2,683,007,095,787
2011 $1,831,576,700 $2,870,408,553,990
2010 $1,748,988,400 $2,646,230,027,988
2009 $1,688,012,750 $2,700,075,882,519
2008 $1,738,453,600 $2,926,802,941,586
2007 $1,706,190,450 $2,655,816,911,867
2006 $1,590,463,100 $2,317,861,544,691
2005 $1,474,298,400 $2,192,146,403,028
2004 $1,400,202,000 $2,109,792,297,237
2003 $1,308,280,250 $1,835,095,983,049
2002 $1,243,912,050 $1,492,427,756,382
2001 $1,172,045,150 $1,370,376,677,299
2000 $1,138,138,100 $1,360,959,069,477
1999 $999,713,050 $1,486,915,879,702
1998 $929,047,000 $1,496,906,382,032
1997 $872,916,050 $1,449,392,222,971
1996 $850,339,100 $1,598,889,216,566
1995 $818,590,250 $1,595,219,345,512
1994 $771,838,000 $1,385,822,778,828
1993 $752,255,150 $1,314,383,368,080
1992 $695,741,150 $1,389,663,073,110
1991 $596,682,100 $1,258,961,748,634
1990 $546,750,912 $1,257,649,439,827
1989 $491,100,000 $1,016,742,237,302
1988 $421,450,000 $1,010,827,662,152
1987 $371,100,000 $926,320,855,615
1986 $311,500,000 $764,946,585,851
1985 $287,300,000 $547,220,981,165
1984 $290,350,000 $525,033,325,828
1983 $262,150,000 $553,356,312,936
1982 $248,550,000 $578,152,310,610
1981 $260,750,000 $609,184,791,792
1980 $257,400,000 $694,529,183,483
1979 $151,800,000 $608,218,624,730
1978 $136,300,000 $501,724,418,605
1977 $117,650,000 $406,401,711,688
1976 $97,094,227 $368,363,152,144
1975 $118,194,026 $357,324,307,786
1974 $103,160,450 $282,739,225,314
1973 $78,214,768 $261,970,536,240
1972 $65,998,069 $201,738,881,664
1971 $59,074,687 $164,694,210,962
1970 $53,339,893 $147,312,861,698
1969 $47,399,905 $140,660,914,841
1968 $44,999,910 $128,710,572,572
1967 $47,431,256 $118,088,635,381
1966 $44,450,044 $109,306,730,313
1965 $40,110,040 $100,927,668,584
1964 $36,194,586 $93,424,179,943
1963 $33,750,114 $84,227,606,650
1962 $31,857,592 $75,196,980,365
1961 $29,965,000 $67,158,050,215
1960 $28,072,478 $61,959,085,885

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

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

GDP per capita in Belize vs France by year

Belize
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,865 - $48,986 -
2024 $7,681 $14,347 $46,103 $62,557
2023 $7,425 $13,730 $44,700 $60,839
2022 $7,068 $13,461 $40,989 $57,043
2021 $6,143 $11,716 $43,725 $52,517
2020 $5,239 $9,639 $39,170 $49,482
2019 $6,172 $10,500 $40,408 $51,130
2018 $6,012 $9,497 $41,418 $46,381
2017 $6,072 $9,121 $38,687 $44,469
2016 $6,141 $9,399 $37,024 $42,880
2015 $6,155 $9,538 $36,702 $40,905
2014 $6,128 $9,490 $43,148 $40,218
2013 $5,957 $9,526 $42,669 $39,583
2012 $5,733 $9,303 $40,864 $37,671
2011 $5,596 $9,722 $43,930 $37,510
2010 $5,461 $9,748 $40,695 $35,908
2009 $5,400 $9,728 $41,728 $34,685
2008 $5,712 $9,975 $45,465 $35,053
2007 $5,762 $10,226 $41,486 $34,066
2006 $5,525 $9,910 $36,432 $32,424
2005 $5,270 $9,466 $34,696 $30,431
2004 $5,154 $9,245 $33,645 $28,921
2003 $4,960 $8,850 $29,480 $28,024
2002 $4,859 $8,154 $24,145 $28,350
2001 $4,719 $7,852 $22,332 $27,347
2000 $4,727 $7,544 $22,341 $26,007
1999 $4,290 $6,790 $24,576 $24,204
1998 $4,126 $6,333 $24,869 $23,263
1997 $4,014 $6,243 $24,169 $22,190
1996 $4,043 $6,087 $26,758 $21,268
1995 $4,010 $6,091 $26,792 $20,701
1994 $3,877 $6,073 $23,360 $19,892
1993 $3,860 $6,075 $22,239 $19,094
1992 $3,643 $5,706 $23,615 $18,801
1991 $3,190 $5,053 $21,501 $18,198
1990 $2,986 $4,467 $21,586 $17,475
1989 $2,742 - $17,547 -
1988 $2,406 - $17,550 -
1987 $2,166 - $16,176 -
1986 $1,859 - $13,430 -
1985 $1,754 - $9,657 -
1984 $1,814 - $9,312 -
1983 $1,677 - $9,862 -
1982 $1,629 - $10,360 -
1981 $1,753 - $10,956 -
1980 $1,774 - $12,565 -
1979 $1,071 - $11,063 -
1978 $983 - $9,167 -
1977 $866 - $7,459 -
1976 $729 - $6,792 -
1975 $906 - $6,617 -
1974 $805 - $5,261 -
1973 $619 - $4,907 -
1972 $529 - $3,809 -
1971 $481 - $3,137 -
1970 $442 - $2,833 -
1969 $402 - $2,729 -
1968 $392 - $2,518 -
1967 $426 - $2,328 -
1966 $412 - $2,173 -
1965 $383 - $2,024 -
1964 $356 - $1,891 -
1963 $342 - $1,723 -
1962 $332 - $1,554 -
1961 $320 - $1,402 -
1960 $307 - $1,307 -

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

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

Belize's GDP per capita is $7,865, ranking 99/197, compared to $48,986 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while France ranks 30th at $62,557.

Economic indicators

Belize France
Gross domestic product
$3.33B
2025
$3.37T
2025
GDP rank
170/197
2025
7/197
2025
GDP growth
2.75%
2024-2025
0.84%
2024-2025
GDP per capita
$7,865
2025
$48,986
2025
GDP per capita rank
99/197
2025
27/197
2025
GDP per capita, PPP
$14,347
2024
$62,557
2024
GDP per capita PPP rank
117/197
2024
30/197
2024
Government debt
$2.26B
2025
$3.9T
2025
Debt-to-GDP ratio
67.9%
2025
116%
2025
Government debt per person
$5,339
2025
$56,819
2025
Government debt per person rank
81/185
2025
8/185
2025
Average annual personal income after taxes
$5,278
2026
$35,062
2026
Market capitalization of domestic companies n/a
$2.37T
2018
Number of millionaires n/a
2,388,000
2026
Number of billionaires
1
2026
51
2026
Income share by richest 10%
30%
2018
25%
2023
Income share by poorest 10%
2.2%
2018
3%
2023
Government expenditure, % of GDP
25.9%
2025
57.5%
2025
Consumer prices inflation
1.1%
2024-2025
0.94%
2024-2025
Unemployment rate
29.3%
2020
7.7%
2025
Population
431659
68871753

Spending and national debt comparison by year

Belize
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Belize France
Government spending Government debt Government spending Government debt
2025 25.9% 67.9% 57.5% 116%
2024 26.8% 65.4% 57.3% 113.2%
2023 25.8% 67.5% 56.8% 109.6%
2022 23.4% 66.8% 58.4% 111.4%
2021 25.7% 82.2% 59.5% 112.8%
2020 33.2% 103% 61.7% 114.9%
2019 27.5% 78.6% 55.3% 98.2%
2018 26.9% 79% 56.4% 98.5%
2017 27.7% 78.1% 57.7% 98.8%
2016 27.7% 70.5% 57.4% 98.1%
2015 27.9% 65.1% 57.6% 97%
2014 24.8% 61.5% 58.4% 96.2%
2013 23.8% 62.8% 58.6% 94.6%
2012 22.1% 63.1% 57.9% 91.7%
2011 23.5% 66.2% 57% 88.7%
2010 23.3% 68.4% 57.7% 86.3%
2009 23.2% 69.7% 58% 84.1%
2008 21.8% 64.7% 54.3% 69.8%
2007 22.1% 66.4% 53.6% 65.5%
2006 21.2% 71.4% 53.7% 65.4%
2005 21.4% 72.7% 54.3% 68.2%
2004 21.7% 70.7% 54% 66.9%
2003 24.6% 67.2% 54.4% 65.4%
2002 24.4% 53.2% 53.9% 61.3%
2001 25.9% 49.5% 52.8% 59.3%
2000 23.2% 79% 52.6% 59.7%
1999 23.6% 41.5% 53.7% 61.4%
1998 20.9% 38.7% 54% 62.1%
1997 19.9% 39.4% 55.6% 62%
1996 19.9% 38.4% 56% 60.6%
1995 - - 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Belize's government spending was $861M, accounting for 25.9% of its GDP, while France spent $1.93T, or 57.5% of GDP.

Debt-to-GDP ratio is 67.9% in Belize and 116% in France, ranking 61/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Belize

France
1x
Year Deficit/surplus, % of GDP
Belize France
2025 -0.96% -5.11%
2024 -1.52% -5.79%
2023 -2.42% -5.44%
2022 -1.04% -4.74%
2021 -3.29% -6.58%
2020 -8.57% -8.93%
2019 -2.9% -2.39%
2018 -1.37% -2.32%
2017 -3.48% -3.36%
2016 -4.47% -3.76%
2015 -5.14% -3.89%
2014 -1.72% -4.57%
2013 -1.21% -4.94%
2012 -0.22% -5.17%
2011 -1.06% -5.3%
2010 -1.9% -7.16%
2009 -2.46% -7.38%
2008 1.25% -3.5%
2007 -0.19% -2.99%
2006 -2.27% -2.66%
2005 -3.7% -3.5%
2004 -4.52% -3.55%
2003 -8.41% -4.09%
2002 -5.41% -3.18%
2001 -7.23% -1.42%
2000 -6.68% -1.32%
1999 -6.51% -1.55%
1998 -2.69% -2.39%
1997 -1.81% -3.71%
1996 -1.76% -3.89%
1995 - -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Belize's government deficit, the difference between spending and revenue, was $31.9M, equivalent to 0.96% of GDP. This compares to France's deficit of $172B, or 5.11% of GDP.

Over the past 30 years, Belize recorded a fiscal deficit in 29 of those years, while France ran a deficit in 30 years. On average, Belize posted an annual deficit equal to 3.12% of GDP, compared to deficit of 4.15% of GDP for France.

Inflation comparison by year

Inflation
Belize

France
1x
Year Consumer prices inflation
Belize France
2025 1.1% 0.94%
2024 3.3% 2%
2023 4.4% 4.88%
2022 6.3% 5.22%
2021 3.2% 1.64%
2020 0.1% 0.48%
2019 0.2% 1.11%
2018 0.3% 1.85%
2017 1.1% 1.03%
2016 0.7% 0.18%
2015 -0.9% 0.04%
2014 1.2% 0.51%
2013 0.5% 0.86%
2012 1.2% 1.95%
2011 1.7% 2.11%
2010 0.9% 1.53%
2009 -1.1% 0.09%
2008 6.4% 2.81%
2007 2.3% 1.49%
2006 4.2% 1.68%
2005 3.7% 1.75%
2004 3.1% 2.14%
2003 2.6% 2.1%
2002 2.2% 1.92%
2001 1.1% 1.63%
2000 0.6% 1.68%
1999 -1.2% 0.54%
1998 -0.8% 0.65%
1997 1% 1.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Belize has recorded an average annual inflation rate of 1.7%, compared with 1.59% in France. In 2025, inflation was 1.1% in Belize and 0.94% in France.

Top exports between countries

Belize
Export category Export value
Processed food, beverages & tobacco $808K
Animal & marine products $662K
Raw agricultural goods $256K
Chemicals & pharma $212K
Wood & paper products $130K
Raw materials & minerals $11K
Machinery & equipment $5K
Miscellaneous $2K
France
Export category Export value
Machinery & equipment $3.45M
Processed food, beverages & tobacco $744K
Precious metals & jewellery $650K
Raw agricultural goods $604K
Metals $308K
Textiles & consumer goods $163K
Chemicals & pharma $140K
Animal & marine products $72K
Raw materials & minerals $48K
Wood & paper products $25K

Balance of trade

Belize France
Current account balance
-$92.3M
2025
-$9.24B
2025
Current account balance ranking
80/190
2025
173/190
2025
Current account balance, % of GDP
-2.77%
2025
-0.27%
2025
Goods imports
$1.38B
2025
$770B
2025
Goods exports
$443M
2025
$704B
2025
Service imports
$352M
2025
$370B
2025
Service exports
$1.21B
2025
$429B
2025
Imports of goods and services, % of GDP
53.7%
2024
33.8%
2025
Exports of goods and services, % of GDP
55.2%
2024
33.4%
2025

Economic freedom indices

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

Belize France
Economic freedom 64.7 64.6
Economic freedom ranking 71/197 72/197
Property rights 46.3 91.2
Government integrity 46.2 73.4
Judicial effectiveness 73.9 84.7
Tax burden 81.8 54.6
Government spending 81 0.9
Fiscal health 87.5 34.8
Business freedom 67.2 78.4
Labor freedom 57.6 59.1
Monetary freedom 72.6 73.2
Trade freedom 57.8 79.4
Investment freedom 55 75
Financial freedom 50 70

Economic freedom comparison by year

Belize
France
1x
Year Economic freedom index
Belize France
2026 64.7 64.6
2025 64.2 64.4
2024 61.2 62.5
2023 59.8 63.6
2022 56.6 65.9
2021 57.5 65.7
2020 57.4 66
2019 55.4 63.8
2018 57.1 63.9
2017 58.6 63.3
2016 57.4 62.3
2015 56.8 62.5
2014 56.7 63.5
2013 57.3 64.1
2012 61.9 63.2
2011 63.8 64.6
2010 61.5 64.2
2009 63 63.3
2008 63 64.7
2007 63.3 62.1
2006 64.7 61.1
2005 64.5 60.5
2004 62.8 60.9
2003 63.5 59.2
2002 65.6 58
2001 65.9 58
2000 63.3 57.4
1999 60.7 59.1
1998 59.1 58.9
1997 64.3 59.1
1996 61.6 63.7
1995 62.9 64.4

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize France
Services, % of GDP
62.4%
2024
70.9%
2025
Industry, % of GDP
14.6%
2024
16.8%
2025
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
1.4%
2025
GNI, Atlas method
$3.19B
2025
$3.34T
2025
GNI per capita, PPP
$14,230
2025
$65,110
2025
Total reserves including gold
$559M
2025
$428B
2025
Total reserves ranking
156/177
2025
12/177
2025
Net foreign direct investment
$1.15M
2025
$7.24B
2025
Net inflows of foreign direct investment
$128M
2024
$52.1B
2024
Net outflows of foreign direct investment
$2.61M
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
15.6%
2021
Gross capital formation, % of GDP
19.8%
2024
21.9%
2025

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/france | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
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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.