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Economy of Belize vs Guinea compared: GDP & Debt

Updated on by Georank

Belize has a GDP of $3.33B compared to $28.3B for Guinea, ranking 170/197 and 117/197 by economy size, respectively.

Belize has $2.26B in government debt (67.9% of GDP), compared to $13.6B (48.1% of GDP) in Guinea.

Belize vs Guinea GDP by year

Belize
Guinea
1x
Year GDP, current $
Belize Guinea
2025 $3,326,500,000 $28,346,024,753
2024 $3,203,631,800 $25,008,678,293
2023 $3,052,362,650 $22,407,615,556
2022 $2,846,604,350 $19,910,452,542
2021 $2,428,606,250 $17,069,115,738
2020 $2,047,284,600 $14,088,693,743
2019 $2,381,187,850 $13,442,861,496
2018 $2,285,915,050 $11,857,030,367
2017 $2,266,028,250 $10,324,668,271
2016 $2,239,604,950 $8,595,955,222
2015 $2,193,095,150 $8,794,201,743
2014 $2,138,242,200 $8,778,473,373
2013 $2,035,191,450 $8,376,613,539
2012 $1,917,083,500 $7,638,044,557
2011 $1,831,576,700 $6,785,137,203
2010 $1,748,988,400 $6,853,467,146
2009 $1,688,012,750 $6,716,905,340
2008 $1,738,453,600 $6,964,179,983
2007 $1,706,190,450 $6,281,918,226
2006 $1,590,463,100 $4,220,019,845
2005 $1,474,298,400 $4,282,468,637
2004 $1,400,202,000 $5,300,767,961
2003 $1,308,280,250 $5,025,167,975
2002 $1,243,912,050 $4,301,608,753
2001 $1,172,045,150 $4,125,527,603
2000 $1,138,138,100 $4,367,458,867
1999 $999,713,050 $5,046,806,783
1998 $929,047,000 $5,232,118,046
1997 $872,916,050 $5,516,916,163
1996 $850,339,100 $5,641,243,100
1995 $818,590,250 $5,385,704,166
1994 $771,838,000 $4,932,800,407
1993 $752,255,150 $4,781,166,117
1992 $695,741,150 $4,789,220,417
1991 $596,682,100 $4,396,178,694
1990 $546,750,912 $3,888,320,666
1989 $491,100,000 $3,546,079,263
1988 $421,450,000 $3,476,480,303
1987 $371,100,000 $2,976,714,019
1986 $311,500,000 $2,909,130,355
1985 $287,300,000 $22,787,644,566
1984 $290,350,000 $18,421,497,251
1983 $262,150,000 $15,129,893,722
1982 $248,550,000 $11,926,032,493
1981 $260,750,000 $9,646,440,667
1980 $257,400,000 $9,746,524,915
1979 $151,800,000 $8,877,094,497
1978 $136,300,000 $8,087,305,999
1977 $117,650,000 $6,914,381,291
1976 $97,094,227 $6,762,781,871
1975 $118,194,026 $6,102,769,605
1974 $103,160,450 $5,691,417,541
1973 $78,214,768 $5,152,080,388
1972 $65,998,069 $4,203,069,035
1971 $59,074,687 $3,594,302,908
1970 $53,339,893 $3,220,224,608
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Belize vs Guinea by year

Belize
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,865 - $1,877 -
2024 $7,681 $14,347 $1,695 $4,565
2023 $7,425 $13,730 $1,555 $4,334
2022 $7,068 $13,461 $1,417 $4,062
2021 $6,143 $11,716 $1,245 $3,739
2020 $5,239 $9,639 $1,054 $3,332
2019 $6,172 $10,500 $1,031 $3,106
2018 $6,012 $9,497 $933 $2,844
2017 $6,072 $9,121 $834 $2,687
2016 $6,141 $9,399 $712 $2,255
2015 $6,155 $9,538 $747 $1,930
2014 $6,128 $9,490 $765 $1,873
2013 $5,957 $9,526 $748 $1,842
2012 $5,733 $9,303 $699 $1,790
2011 $5,596 $9,722 $637 $1,705
2010 $5,461 $9,748 $659 $1,622
2009 $5,400 $9,728 $662 $1,567
2008 $5,712 $9,975 $704 $1,614
2007 $5,762 $10,226 $650 $1,558
2006 $5,525 $9,910 $447 $1,453
2005 $5,270 $9,466 $463 $1,422
2004 $5,154 $9,245 $585 $1,366
2003 $4,960 $8,850 $566 $1,328
2002 $4,859 $8,154 $496 $1,315
2001 $4,719 $7,852 $483 $1,251
2000 $4,727 $7,544 $518 $1,196
1999 $4,290 $6,790 $611 $1,163
1998 $4,126 $6,333 $647 $1,130
1997 $4,014 $6,243 $696 $1,099
1996 $4,043 $6,087 $726 $1,048
1995 $4,010 $6,091 $713 $1,014
1994 $3,877 $6,073 $672 $976
1993 $3,860 $6,075 $671 $947
1992 $3,643 $5,706 $693 $908
1991 $3,190 $5,053 $656 $887
1990 $2,986 $4,467 $604 $871
1989 $2,742 - $570 -
1988 $2,406 - $574 -
1987 $2,166 - $505 -
1986 $1,859 - $506 -
1985 $1,754 - $4,062 -
1984 $1,814 - $3,362 -
1983 $1,677 - $2,823 -
1982 $1,629 - $2,273 -
1981 $1,753 - $1,876 -
1980 $1,774 - $1,931 -
1979 $1,071 - $1,790 -
1978 $983 - $1,658 -
1977 $866 - $1,440 -
1976 $729 - $1,431 -
1975 $906 - $1,311 -
1974 $805 - $1,243 -
1973 $619 - $1,143 -
1972 $529 - $948 -
1971 $481 - $825 -
1970 $442 - $753 -
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/guinea | CC BY

Belize's GDP per capita is $7,865, ranking 99/197, compared to $1,877 in Guinea, ranking 161/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Guinea ranks 161st at $4,565.

Economic indicators

Belize Guinea
Gross domestic product
$3.33B
2025
$28.3B
2025
GDP rank
170/197
2025
117/197
2025
GDP growth
2.75%
2024-2025
7.45%
2024-2025
GDP per capita
$7,865
2025
$1,877
2025
GDP per capita rank
99/197
2025
161/197
2025
GDP per capita, PPP
$14,347
2024
$4,565
2024
GDP per capita PPP rank
117/197
2024
161/197
2024
Government debt
$2.26B
2025
$13.6B
2025
Debt-to-GDP ratio
67.9%
2025
48.1%
2025
Government debt per person
$5,339
2025
$902
2025
Government debt per person rank
81/185
2025
146/185
2025
Average annual personal income after taxes
$5,278
2026
$1,966
2026
Number of billionaires
1
2026
n/a
Income share by richest 10%
30%
2018
23.1%
2018
Income share by poorest 10%
2.2%
2018
3.5%
2018
Government expenditure, % of GDP
25.9%
2025
25.2%
2025
Consumer prices inflation
1.1%
2024-2025
3.1%
2024-2025
Unemployment rate
29.3%
2020
5.02%
2019
Population
431659
15624314

Spending and national debt comparison by year

Belize
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Belize Guinea
Government spending Government debt Government spending Government debt
2025 25.9% 67.9% 25.2% 48.1%
2024 26.8% 65.4% 20.6% 48.3%
2023 25.8% 67.5% 18.3% 39.8%
2022 23.4% 66.8% 15.7% 37.2%
2021 25.7% 82.2% 15.1% 40.6%
2020 33.2% 103% 17.1% 45.3%
2019 27.5% 78.6% 14.9% 37.3%
2018 26.9% 79% 15.9% 37.5%
2017 27.7% 78.1% 17.3% 39.9%
2016 27.7% 70.5% 16.1% 40.6%
2015 27.9% 65.1% 21.7% 41.5%
2014 24.8% 61.5% 20.1% 32.1%
2013 23.8% 62.8% 18.6% 30.5%
2012 22.1% 63.1% 19.6% 26.9%
2011 23.5% 66.2% 16% 53.8%
2010 23.3% 68.4% 20.5% 71.1%
2009 23.2% 69.7% 16.2% 61.3%
2008 21.8% 64.7% 10.1% 58.5%
2007 22.1% 66.4% 8.66% 60.8%
2006 21.2% 71.4% 13.2% 95.2%
2005 21.4% 72.7% 11% 97.9%
2004 21.7% 70.7% 13% 86.9%
2003 24.6% 67.2% 14.7% 81.6%
2002 24.4% 53.2% 14.4% 82.6%
2001 25.9% 49.5% 14.9% 90.4%
2000 23.2% 79% 12.6% 91.5%
1999 23.6% 41.5% 11.6% 92.3%
1998 20.9% 38.7% 10.3% 75.9%
1997 19.9% 39.4% 12.6% 67.9%
1996 19.9% 38.4% 12% 67.7%
1995 - - 12.7% 66.5%
1994 - - 12.6% 71.3%
1993 - - 13.3% 68.9%
1992 - - 13.8% 62%
1991 - - 16.3% 70.9%
1990 - - 18.7% 71.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08).

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

In 2025, Belize's government spending was $861M, accounting for 25.9% of its GDP, while Guinea spent $7.13B, or 25.2% of GDP.

Debt-to-GDP ratio is 67.9% in Belize and 48.1% in Guinea, ranking 61/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Guinea
1x
Year Deficit/surplus, % of GDP
Belize Guinea
2025 -0.96% -7%
2024 -1.52% -4.99%
2023 -2.42% -3.86%
2022 -1.04% -1.88%
2021 -3.29% -1.7%
2020 -8.57% -3.08%
2019 -2.9% -0.17%
2018 -1.37% -0.97%
2017 -3.48% -1.98%
2016 -4.47% -0.08%
2015 -5.14% -6.53%
2014 -1.72% -3.01%
2013 -1.21% -3.86%
2012 -0.22% 23.7%
2011 -1.06% -0.92%
2010 -1.9% -9.66%
2009 -2.46% -4.87%
2008 1.25% 0.38%
2007 -0.19% 1.28%
2006 -2.27% -2.13%
2005 -3.7% -1.06%
2004 -4.52% -3.85%
2003 -8.41% -4.65%
2002 -5.41% -3.37%
2001 -7.23% -3.23%
2000 -6.68% -2.42%
1999 -6.51% -1.3%
1998 -2.69% 2.46%
1997 -1.81% 0.07%
1996 -1.76% -2.2%
1995 - -1.07%
1994 - -2.59%
1993 - -2.33%
1992 - -0.89%
1991 - -3.25%
1990 - -3.76%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize/guinea | 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 Guinea's deficit of $1.98B, or 7% of GDP.

Over the past 30 years, Belize recorded a fiscal deficit in 29 of those years, while Guinea ran a deficit in 25 years. On average, Belize posted an annual deficit equal to 3.12% of GDP, compared to deficit of 1.7% of GDP for Guinea.

Inflation comparison by year

Inflation
Belize

Guinea
1x
Year Consumer prices inflation
Belize Guinea
2025 1.1% 3.1%
2024 3.3% 4.5%
2023 4.4% 5.4%
2022 6.3% 10.5%
2021 3.2% 12.6%
2020 0.1% 10.6%
2019 0.2% 9.5%
2018 0.3% 9.8%
2017 1.1% 8.9%
2016 0.7% 8.2%
2015 -0.9% 8.2%
2014 1.2% 9.7%
2013 0.5% 11.9%
2012 1.2% 15.2%
2011 1.7% 21.4%
2010 0.9% 15.5%
2009 -1.1% 4.7%
2008 6.4% 18.4%
2007 2.3% 22.9%
2006 4.2% 34.7%
2005 3.7% 31.4%
2004 3.1% 17.5%
2003 2.6% 11%
2002 2.2% 3%
2001 1.1% 5.4%
2000 0.6% 6.8%
1999 -1.2% 4.6%
1998 -0.8% 5.1%
1997 1% 1.9%

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

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

Over the past 29 years, Belize has recorded an average annual inflation rate of 1.7%, compared with 11.5% in Guinea. In 2025, inflation was 1.1% in Belize and 3.1% in Guinea.

Balance of trade

Belize Guinea
Current account balance
-$92.3M
2025
-$392M
2024
Current account balance ranking
80/190
2025
101/190
2024
Current account balance, % of GDP
-2.77%
2025
-1.57%
2024
Goods imports
$1.38B
2025
$7.08B
2024
Goods exports
$443M
2025
$11.6B
2024
Service imports
$352M
2025
$3.15B
2024
Service exports
$1.21B
2025
$71.2M
2024
Imports of goods and services, % of GDP
53.7%
2024
62.3%
2025
Exports of goods and services, % of GDP
55.2%
2024
41.4%
2025

Economic freedom indices

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

Belize Guinea
Economic freedom 64.7 53.1
Economic freedom ranking 71/197 141/197
Property rights 46.3 21.3
Government integrity 46.2 26.7
Judicial effectiveness 73.9 26
Tax burden 81.8 70.1
Government spending 81 90.1
Fiscal health 87.5 74.8
Business freedom 67.2 44.8
Labor freedom 57.6 56.4
Monetary freedom 72.6 75.3
Trade freedom 57.8 61.8
Investment freedom 55 50
Financial freedom 50 40

Economic freedom comparison by year

Belize
Guinea
1x
Year Economic freedom index
Belize Guinea
2026 64.7 53.1
2025 64.2 54.6
2024 61.2 53.3
2023 59.8 53.2
2022 56.6 54.2
2021 57.5 56.5
2020 57.4 56.5
2019 55.4 55.7
2018 57.1 52.2
2017 58.6 47.6
2016 57.4 53.3
2015 56.8 52.1
2014 56.7 53.5
2013 57.3 51.2
2012 61.9 50.8
2011 63.8 51.7
2010 61.5 51.8
2009 63 51
2008 63 52.8
2007 63.3 54.5
2006 64.7 52.8
2005 64.5 57.4
2004 62.8 56.1
2003 63.5 54.6
2002 65.6 52.9
2001 65.9 58.4
2000 63.3 58.2
1999 60.7 59.4
1998 59.1 61
1997 64.3 52.9
1996 61.6 58.5
1995 62.9 59.4

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Guinea
Services, % of GDP
62.4%
2024
35.7%
2025
Industry, % of GDP
14.6%
2024
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
31.3%
2025
GNI, Atlas method
$3.19B
2025
$26.2B
2025
GNI per capita, PPP
$14,230
2025
$4,730
2025
Total reserves including gold
$559M
2025
$1.35B
2024
Total reserves ranking
156/177
2025
137/177
2024
Net foreign direct investment
$1.15M
2025
-$1.4B
2024
Net inflows of foreign direct investment
$128M
2024
$1.4B
2024
Net outflows of foreign direct investment
$2.61M
2024
$30K
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
1.94%
2024
Poverty at national poverty lines
52%
2018
47%
2020
Gross capital formation, % of GDP
19.8%
2024
37%
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/guinea | 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)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, 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.