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Economy of Belize vs Israel compared: GDP & Debt

Updated on by Georank

Belize has a GDP of $3.33B compared to $611B for Israel, ranking 170/197 and 27/197 by economy size, respectively.

Belize has $2.26B in government debt (67.9% of GDP), compared to $418B (68.5% of GDP) in Israel.

Belize vs Israel GDP by year

Belize
Israel
1x
Year GDP, current $
Belize Israel
2025 $3,326,500,000 $610,777,842,874
2024 $3,203,631,800 $542,284,494,491
2023 $3,052,362,650 $513,393,395,492
2022 $2,846,604,350 $525,157,951,213
2021 $2,428,606,250 $489,735,019,666
2020 $2,047,284,600 $410,908,899,711
2019 $2,381,187,850 $399,207,771,082
2018 $2,285,915,050 $375,470,422,244
2017 $2,266,028,250 $357,360,816,857
2016 $2,239,604,950 $321,083,954,798
2015 $2,193,095,150 $302,841,190,258
2014 $2,138,242,200 $314,376,760,832
2013 $2,035,191,450 $298,045,324,736
2012 $1,917,083,500 $263,172,104,091
2011 $1,831,576,700 $267,739,352,609
2010 $1,748,988,400 $239,372,857,534
2009 $1,688,012,750 $213,112,649,594
2008 $1,738,453,600 $220,952,472,408
2007 $1,706,190,450 $184,448,882,452
2006 $1,590,463,100 $158,706,516,002
2005 $1,474,298,400 $147,346,035,831
2004 $1,400,202,000 $139,925,423,025
2003 $1,308,280,250 $131,278,887,815
2002 $1,243,912,050 $125,215,963,105
2001 $1,172,045,150 $134,889,159,474
2000 $1,138,138,100 $136,409,902,632
1999 $999,713,050 $121,329,240,042
1998 $929,047,000 $120,468,659,246
1997 $872,916,050 $119,389,303,067
1996 $850,339,100 $115,051,957,577
1995 $818,590,250 $105,432,315,611
1994 $771,838,000 $90,684,108,118
1993 $752,255,150 $79,806,598,120
1992 $695,741,150 $79,408,652,426
1991 $596,682,100 $70,954,941,681
1990 $546,750,912 $61,978,459,022
1989 $491,100,000 $52,411,116,588
1988 $421,450,000 $52,618,458,014
1987 $371,100,000 $43,022,977,765
1986 $311,500,000 $35,812,041,620
1985 $287,300,000 $28,887,898,639
1984 $290,350,000 $30,626,695,891
1983 $262,150,000 $32,655,591,256
1982 $248,550,000 $29,237,231,967
1981 $260,750,000 $26,865,420,933
1980 $257,400,000 $25,379,585,067
1979 $151,800,000 $22,595,788,591
1978 $136,300,000 $17,690,363,444
1977 $117,650,000 $18,245,847,441
1976 $97,094,227 $15,946,502,888
1975 $118,194,026 $16,131,806,290
1974 $103,160,450 $17,162,009,924
1973 $78,214,768 $11,895,229,181
1972 $65,998,069 $9,216,866,299
1971 $59,074,687 $7,048,191,876
1970 $53,339,893 $7,402,142,195
1969 $47,399,905 $6,293,966,357
1968 $44,999,910 $5,455,059,532
1967 $47,431,256 $4,759,447,914
1966 $44,450,044 $4,700,397,692
1965 $40,110,040 $4,326,412,951
1964 $36,194,586 $4,021,861,430
1963 $33,750,114 $3,533,767,055
1962 $31,857,592 $2,964,323,618
1961 $29,965,000 $3,706,297,903
1960 $28,072,478 $3,068,690,949

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

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

GDP per capita in Belize vs Israel by year

Belize
GDP per capita

GDP per capita, PPP
Israel
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Israel
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,865 - $60,337 -
2024 $7,681 $14,347 $54,217 $57,236
2023 $7,425 $13,730 $52,126 $55,171
2022 $7,068 $13,461 $54,947 $53,619
2021 $6,143 $11,716 $52,258 $46,162
2020 $5,239 $9,639 $44,591 $40,955
2019 $6,172 $10,500 $44,092 $41,325
2018 $6,012 $9,497 $42,269 $40,190
2017 $6,072 $9,121 $41,013 $39,471
2016 $6,141 $9,399 $37,571 $38,189
2015 $6,155 $9,538 $36,138 $35,871
2014 $6,128 $9,490 $38,265 $34,816
2013 $5,957 $9,526 $36,981 $34,827
2012 $5,733 $9,303 $33,269 $32,484
2011 $5,596 $9,722 $34,477 $31,314
2010 $5,461 $9,748 $31,399 $29,456
2009 $5,400 $9,728 $28,470 $28,087
2008 $5,712 $9,975 $30,231 $28,084
2007 $5,762 $10,226 $25,689 $28,307
2006 $5,525 $9,910 $22,500 $26,385
2005 $5,270 $9,466 $21,262 $25,701
2004 $5,154 $9,245 $20,550 $26,078
2003 $4,960 $8,850 $19,624 $24,702
2002 $4,859 $8,154 $19,059 $26,101
2001 $4,719 $7,852 $20,949 $25,806
2000 $4,727 $7,544 $21,690 $25,766
1999 $4,290 $6,790 $19,809 $23,415
1998 $4,126 $6,333 $20,176 $22,927
1997 $4,014 $6,243 $20,457 $22,279
1996 $4,043 $6,087 $20,213 $21,672
1995 $4,010 $6,091 $19,014 $20,642
1994 $3,877 $6,073 $16,796 $19,478
1993 $3,860 $6,075 $15,169 $18,218
1992 $3,643 $5,706 $15,500 $17,553
1991 $3,190 $5,053 $14,337 $16,486
1990 $2,986 $4,467 $13,300 $15,721
1989 $2,742 - $11,601 -
1988 $2,406 - $11,846 -
1987 $2,166 - $9,847 -
1986 $1,859 - $8,330 -
1985 $1,754 - $6,824 -
1984 $1,814 - $7,364 -
1983 $1,677 - $7,955 -
1982 $1,629 - $7,253 -
1981 $1,753 - $6,791 -
1980 $1,774 - $6,545 -
1979 $1,071 - $5,968 -
1978 $983 - $4,794 -
1977 $866 - $5,050 -
1976 $729 - $4,514 -
1975 $906 - $4,669 -
1974 $805 - $5,082 -
1973 $619 - $3,629 -
1972 $529 - $2,928 -
1971 $481 - $2,297 -
1970 $442 - $2,489 -
1969 $402 - $2,188 -
1968 $392 - $1,946 -
1967 $426 - $1,734 -
1966 $412 - $1,788 -
1965 $383 - $1,688 -
1964 $356 - $1,625 -
1963 $342 - $1,485 -
1962 $332 - $1,293 -
1961 $320 - $1,696 -
1960 $307 - $1,452 -

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

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

Belize's GDP per capita is $7,865, ranking 99/197, compared to $60,337 in Israel, ranking 19/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Israel ranks 36th at $57,236.

Economic indicators

Belize Israel
Gross domestic product
$3.33B
2025
$611B
2025
GDP rank
170/197
2025
27/197
2025
GDP growth
2.75%
2024-2025
2.93%
2024-2025
GDP per capita
$7,865
2025
$60,337
2025
GDP per capita rank
99/197
2025
19/197
2025
GDP per capita, PPP
$14,347
2024
$57,236
2024
GDP per capita PPP rank
117/197
2024
36/197
2024
Government debt
$2.26B
2025
$418B
2025
Debt-to-GDP ratio
67.9%
2025
68.5%
2025
Government debt per person
$5,339
2025
$41,338
2025
Government debt per person rank
81/185
2025
16/185
2025
Average annual personal income after taxes
$5,278
2026
$48,251
2026
Market capitalization of domestic companies n/a
$331B
2024
Number of millionaires n/a
195,000
2026
Number of billionaires
1
2026
42
2026
Income share by richest 10%
30%
2018
27%
2022
Income share by poorest 10%
2.2%
2018
1.8%
2022
Government expenditure, % of GDP
25.9%
2025
43.6%
2025
Consumer prices inflation
1.1%
2024-2025
3.04%
2024-2025
Central bank interest rate n/a
3.75%
2026
Unemployment rate
29.3%
2020
3%
2025
Population
431659
10334048

Spending and national debt comparison by year

Belize
Spending

Debt
Israel
Spending

Debt
1x
Year % of GDP
Belize Israel
Government spending Government debt Government spending Government debt
2025 25.9% 67.9% 43.6% 68.5%
2024 26.8% 65.4% 43.7% 67.7%
2023 25.8% 67.5% 39.6% 61.3%
2022 23.4% 66.8% 36.9% 60.3%
2021 25.7% 82.2% 40.1% 67.7%
2020 33.2% 103% 44.8% 71.1%
2019 27.5% 78.6% 38.7% 59.3%
2018 26.9% 79% 39.2% 60.1%
2017 27.7% 78.1% 38.4% 59.8%
2016 27.7% 70.5% 37.9% 61.7%
2015 27.9% 65.1% 37.6% 62.8%
2014 24.8% 61.5% 38.3% 65.8%
2013 23.8% 62.8% 39.7% 66%
2012 22.1% 63.1% 39.6% 66.9%
2011 23.5% 66.2% 39.3% 67.2%
2010 23.3% 68.4% 39.7% 69%
2009 23.2% 69.7% 41.4% 72.6%
2008 21.8% 64.7% 41.2% 70.2%
2007 22.1% 66.4% 40.2% 70.8%
2006 21.2% 71.4% 41.6% 77.7%
2005 21.4% 72.7% 42.3% 85.2%
2004 21.7% 70.7% 43% 88.3%
2003 24.6% 67.2% 45.4% 89.7%
2002 24.4% 53.2% 50% 87.2%
2001 25.9% 49.5% 46.1% 81.1%
2000 23.2% 79% 43.4% 77.2%
1999 23.6% 41.5% 53.6% 94.8%
1998 20.9% 38.7% 55% 101%
1997 19.9% 39.4% 52.6% 99.3%
1996 19.9% 38.4% 53.2% 100.3%
1995 - - 52.8% 102.3%
1994 - - 41.7% 110.2%
1993 - - 42.2% 118.3%
1992 - - 44.1% 119.6%
1991 - - 34.4% 123.7%
1990 - - 46.8% 138.3%
1989 - - 47.5% 147.4%
1988 - - 46.5% 145.4%
1987 - - 52.8% 143.2%
1986 - - 55.7% 162.5%
1985 - - 65.2% 199%
1984 - - - 284%
1983 - - - 260.5%
1982 - - 69.7% -
1981 - - 71.8% -
1980 - - 69.4% 154.3%
1979 - - 70.1% 155.5%
1978 - - 62.2% 133.6%
1977 - - 69.1% 142%
1976 - - 66.3% 97.4%
1975 - - 62% 85.1%
1974 - - - 79.8%
1973 - - - 62.1%
1972 - - - 63.9%
1971 - - - -
1970 - - 41.6% -
1969 - - 41.1% -
1968 - - 39.4% -
1967 - - 33.9% -
1966 - - 29.6% -
1965 - - 27.8% -
1964 - - 28.2% -
1963 - - 26.9% -
1962 - - 27.7% -
1961 - - 30.3% -
1960 - - 30.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Belize's government spending was $861M, accounting for 25.9% of its GDP, while Israel spent $266B, or 43.6% of GDP.

Debt-to-GDP ratio is 67.9% in Belize and 68.5% in Israel, ranking 61/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Israel
1x
Year Deficit/surplus, % of GDP
Belize Israel
2025 -0.96% -5.22%
2024 -1.52% -8.07%
2023 -2.42% -5.38%
2022 -1.04% 0.3%
2021 -3.29% -3.37%
2020 -8.57% -10.6%
2019 -2.9% -3.79%
2018 -1.37% -3.58%
2017 -3.48% -1.17%
2016 -4.47% -1.78%
2015 -5.14% -1.2%
2014 -1.72% -2.28%
2013 -1.21% -4.07%
2012 -0.22% -4.46%
2011 -1.06% -3.43%
2010 -1.9% -3.72%
2009 -2.46% -6.53%
2008 1.25% -3.49%
2007 -0.19% -0.43%
2006 -2.27% -0.94%
2005 -3.7% -2.74%
2004 -4.52% -3.4%
2003 -8.41% -5.03%
2002 -5.41% -8.21%
2001 -7.23% -4.06%
2000 -6.68% -0.8%
1999 -6.51% -6.26%
1998 -2.69% -7.99%
1997 -1.81% -4.84%
1996 -1.76% -5.97%
1995 - -4.28%
1994 - -5.62%
1993 - -5.62%
1992 - -8%
1991 - -7.04%
1990 - -9.67%
1989 - -9.03%
1988 - -7.57%
1987 - -7.47%
1986 - -7.51%
1985 - -14.2%
1984 - -
1983 - -
1982 - -13.8%
1981 - -23.5%
1980 - -19.6%
1979 - -16.7%
1978 - -14.7%
1977 - -20.3%
1976 - -19.4%
1975 - -19.6%
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -16%
1969 - -15.3%
1968 - -11.7%
1967 - -7.68%
1966 - -4.35%
1965 - -2.72%
1964 - -3.65%
1963 - -4.41%
1962 - -4.09%
1961 - -5.86%
1960 - -6.62%
1959 - -7.23%
1958 - -8.31%
1957 - -7.17%
1956 - -9.3%
1955 - -4.3%
1954 - -7.84%
1953 - -8.32%
1952 - -7.19%
1951 - -8.13%
1950 - -10.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08).

GeoRank.org/economy/belize/israel | 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 Israel's deficit of $31.9B, or 5.22% of GDP.

Over the past 30 years, Belize recorded a fiscal deficit in 29 of those years, while Israel ran a deficit in 29 years. On average, Belize posted an annual deficit equal to 3.12% of GDP, compared to deficit of 4.08% of GDP for Israel.

Inflation comparison by year

Inflation
Belize

Israel
1x
Year Consumer prices inflation
Belize Israel
2025 1.1% 3.04%
2024 3.3% 3.07%
2023 4.4% 4.23%
2022 6.3% 4.41%
2021 3.2% 1.48%
2020 0.1% -0.58%
2019 0.2% 0.82%
2018 0.3% 0.81%
2017 1.1% 0.25%
2016 0.7% -0.54%
2015 -0.9% -0.62%
2014 1.2% 0.47%
2013 0.5% 1.59%
2012 1.2% 1.68%
2011 1.7% 3.49%
2010 0.9% 2.7%
2009 -1.1% 3.37%
2008 6.4% 4.53%
2007 2.3% 0.47%
2006 4.2% 2.05%
2005 3.7% 1.34%
2004 3.1% -0.42%
2003 2.6% 0.71%
2002 2.2% 5.8%
2001 1.1% 1.12%
2000 0.6% 1.03%
1999 -1.2% 5.19%
1998 -0.8% 5.49%
1997 1% 8.95%

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/israel | CC BY

Over the past 29 years, Belize has recorded an average annual inflation rate of 1.7%, compared with 2.27% in Israel. In 2025, inflation was 1.1% in Belize and 3.04% in Israel.

Top exports between countries

Belize
Export category Export value
Processed food, beverages & tobacco $105K
Chemicals & pharma $83K
Israel
Export category Export value
Raw materials & minerals $153K
Chemicals & pharma $92K
Machinery & equipment $61K
Raw agricultural goods $27K
Textiles & consumer goods $27K
Wood & paper products $7K
Metals $3K

Balance of trade

Belize Israel
Current account balance
-$92.3M
2025
$8.53B
2025
Current account balance ranking
80/190
2025
26/190
2025
Current account balance, % of GDP
-2.77%
2025
+1.4%
2025
Goods imports
$1.38B
2025
$102B
2025
Goods exports
$443M
2025
$76.2B
2025
Service imports
$352M
2025
$53.2B
2025
Service exports
$1.21B
2025
$92.4B
2025
Imports of goods and services, % of GDP
53.7%
2024
25.4%
2025
Exports of goods and services, % of GDP
55.2%
2024
27.6%
2025

Economic freedom indices

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

Belize Israel
Economic freedom 64.7 68.4
Economic freedom ranking 71/197 47/197
Property rights 46.3 73.1
Government integrity 46.2 66.2
Judicial effectiveness 73.9 68.1
Tax burden 81.8 60.2
Government spending 81 52
Fiscal health 87.5 60.8
Business freedom 67.2 72.4
Labor freedom 57.6 56.8
Monetary freedom 72.6 78.2
Trade freedom 57.8 82.8
Investment freedom 55 70
Financial freedom 50 80

Economic freedom comparison by year

Belize
Israel
1x
Year Economic freedom index
Belize Israel
2026 64.7 68.4
2025 64.2 69.9
2024 61.2 70.1
2023 59.8 68.9
2022 56.6 68
2021 57.5 73.8
2020 57.4 74
2019 55.4 72.8
2018 57.1 72.2
2017 58.6 69.7
2016 57.4 70.7
2015 56.8 70.5
2014 56.7 68.4
2013 57.3 66.9
2012 61.9 67.8
2011 63.8 68.5
2010 61.5 67.7
2009 63 67.6
2008 63 66.3
2007 63.3 64.8
2006 64.7 64.4
2005 64.5 62.6
2004 62.8 61.4
2003 63.5 62.7
2002 65.6 66.9
2001 65.9 66.1
2000 63.3 65.5
1999 60.7 68.3
1998 59.1 68
1997 64.3 62.7
1996 61.6 62
1995 62.9 61.5

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 68.4 for Israel, ranking 47/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Israel
Services, % of GDP
62.4%
2024
72.8%
2024
Industry, % of GDP
14.6%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
1.29%
2024
GNI, Atlas method
$3.19B
2025
$569B
2025
GNI per capita, PPP
$14,230
2025
$58,870
2025
Total reserves including gold
$559M
2025
$229B
2025
Total reserves ranking
156/177
2025
18/177
2025
Net foreign direct investment
$1.15M
2025
-$11.8B
2025
Net inflows of foreign direct investment
$128M
2024
$14.8B
2024
Net outflows of foreign direct investment
$2.61M
2024
$9.92B
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
22%
2020
Gross capital formation, % of GDP
19.8%
2024
24.3%
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/israel | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1996–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–2000, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. 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.