Belize vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Belize ranked 176th with $1.9B. By GDP 5-years average growth and GDP per capita, Italy and Belize ranked 154th vs 122nd and 29th vs 109th, respectively.

Gross Domestic Product & Income

Stat	Belize	Italy
GDP	$1.9B	$2.1T
GDP growth, 1 year	3%	0.9%
GDP growth, 5-years average	2.2%	0.9%
Population	375k	60.3M
GDP per capita	$4.9k	$34k
GDP per capita growth	1.07%	0.95%
Purchasing Power Parity conversion factor	1.13	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.56	0.82
GDP per capita, PPP adjusted	$8.5k	$40k
GNI, Atlas method	$1.7B	$2T
GNI per capita	$4.5k	$34k
GNI, PPP adjusted	$3B	$2.6T
GNI per capita, PPP adjusted	$7.8k	$42k

Financial system and Human development

Stat	Belize	Italy
Income Tax Rate	25%	43%
Corporate Tax Rate	25%	27.5%
Inflation, consumer prices	0.3%	1.2%
Inflation, GDP deflator	-1.1%	0.9%
Unemployment	9.4%	10.2%
Economic Freedom Index	57.4	63.8
Personal Freedom Index	7.4	8.79
Human Freedom Index	7.37	8.01
Property Rights Index	44.4	75.4
Judical Effectiveness Index	46.4	51.3
Business Freedom Index	60.9	70.4
Fiscal Health Index	53.9	71.1
Labor Freedom Index	54.3	50.9
Investment Freedom Index	55	80
Financial Freedom Index	50	50
Trade Freedom Index	64.2	86.4
Monetary Freedom Index	80.4	83.2
Government Spending Index	66.3	28.5
Tax Burden Index	79.5	56
Government Integrity Index	33.5	62.2
Corruption Perceptions Index	58	52
Life expectancy at birth, years	74.4	83.2
Suicide mortality rate, per 100,000 people	4.7	8.2
Mortality caused by road traffic injury, per 100,000 people	28.3	5.6
Intentional homicides, per 100,000 people	37.9	0.7
International tourism, number of arrivals	489k	61.6M

Government debt & reserves

Stat	Belize	Italy
Central government debt, % of GDP	94.8%	132.1%
External debt stocks, % of GNI	76.8%	N/A
External debt stocks	$1.4B	N/A
Short-term debt, % of total reserves	1.2%	N/A
Total debt service, % of exports and primary income	10.1%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-0.9%	6%
Gross savings, % of GDP	8.5%	20.8%
Gross capital formation, % of GDP	19%	18.2%
Total reserves including gold	$294.5M	$152.4B
Foreign direct investment net inflows	$119.5M	$39.6B

Exports, imports and economic structure

Stat	Belize	Italy
Exports of goods and services, % of GDP	57.7%	31.5%
Imports of goods and services, % of GDP	58%	29%
Current account balance (balance of payments)	-$154.9M	$53.8B
Revenue excluding grants, % of GDP	29.4%	37.7%
Grants excluding technical cooperation, BoP	$17.1M	N/A
Personal remittances received	$92.5M	$9.9B
Industry including construction value added, % of GDP	12%	21.4%
Agriculture, forestry and fishing value added, % of GDP	9.6%	1.9%
Charges for the use of intellectual property, payments BoP	$7.9M	$5.1B
Charges for the use of intellectual property, receipts BoP	$2.5M	$4.9B
Expense, % of GDP	27.6%	41.3%
Government Expenditure, % of GDP	33.5%	48.8%