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Economy of Belize vs Mauritius compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $14.9B for Mauritius, ranking 168/197 and 143/197 by economy size, respectively.

Belize has $2.1B in government debt (65.4% of GDP), compared to $13.6B (91.1% of GDP) in Mauritius.

Belize vs Mauritius GDP by year

Belize
Mauritius
1x
Year GDP, current $
Belize Mauritius
2024 $3,203,631,800 $14,937,861,786
2023 $3,052,362,650 $14,072,212,290
2022 $2,846,604,350 $12,936,444,123
2021 $2,428,606,250 $11,622,048,697
2020 $2,047,284,600 $11,566,111,138
2019 $2,381,187,850 $14,645,235,205
2018 $2,285,915,050 $14,957,535,716
2017 $2,266,028,250 $13,896,938,315
2016 $2,239,604,950 $12,757,680,847
2015 $2,193,095,150 $12,162,211,503
2014 $2,138,242,200 $13,230,490,082
2013 $2,035,191,450 $12,434,596,541
2012 $1,917,083,500 $11,832,323,837
2011 $1,831,576,700 $11,677,718,382
2010 $1,748,988,400 $10,144,716,155
2009 $1,688,012,750 $9,264,513,545
2008 $1,738,453,600 $10,127,777,060
2007 $1,706,190,450 $8,277,442,915
2006 $1,590,463,100 $7,137,710,413
2005 $1,474,298,400 $6,576,108,447
2004 $1,400,202,000 $6,667,418,752
2003 $1,308,280,250 $5,894,873,920
2002 $1,243,912,050 $4,906,494,249
2001 $1,172,045,150 $4,675,755,867
2000 $1,138,138,100 $4,726,108,622
1999 $999,713,050 $4,402,193,195
1998 $929,047,000 $4,225,813,976
1997 $872,916,050 $4,243,755,308
1996 $850,339,100 $4,481,489,762
1995 $818,590,250 $4,094,741,652
1994 $771,838,000 $3,606,050,873
1993 $752,255,150 $3,307,302,126
1992 $695,741,150 $3,267,677,814
1991 $596,682,100 $2,895,354,736
1990 $546,750,912 $2,689,212,760
1989 $491,100,000 $2,211,312,823
1988 $421,450,000 $2,163,252,449
1987 $371,100,000 $1,906,174,438
1986 $311,500,000 $1,482,601,552
1985 $287,300,000 $1,090,611,325
1984 $290,350,000 $1,054,564,759
1983 $262,150,000 $1,104,956,573
1982 $248,550,000 $1,092,923,636
1981 $260,750,000 $1,157,769,444
1980 $257,400,000 $1,147,027,924
1979 $151,800,000 $1,227,446,632
1978 $136,300,000 $1,029,040,323
1977 $117,650,000 $834,722,972
1976 $97,094,227 $713,510,052
1975 $118,194,026 $673,311,287
1974 $103,160,450 $669,894,030
1973 $78,214,768 $404,285,775
1972 $65,998,069 $318,664,900
1971 $59,074,687 $251,437,338
1970 $53,339,893 $224,125,805
1969 $47,399,905 $221,553,613
1968 $44,999,910 $206,576,631
1967 $47,431,256 $238,439,291
1966 $44,450,044 $227,534,083
1965 $40,110,040 $230,024,161
1964 $36,194,586 $218,914,569
1963 $33,750,114 $253,839,558
1962 $31,857,592 $197,738,208
1961 $29,965,000 $191,757,729
1960 $28,072,478 $162,089,564

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

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

GDP per capita in Belize vs Mauritius by year

Belize
GDP per capita

GDP per capita, PPP
Mauritius
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Mauritius
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 $11,991 $31,840
2023 $7,425 $13,730 $11,270 $29,561
2022 $7,068 $13,461 $10,247 $26,874
2021 $6,143 $11,716 $9,178 $23,010
2020 $5,239 $9,639 $9,136 $21,622
2019 $6,172 $10,500 $11,568 $24,375
2018 $6,012 $9,497 $11,819 $23,416
2017 $6,072 $9,121 $10,987 $22,898
2016 $6,141 $9,399 $10,095 $21,952
2015 $6,155 $9,538 $9,631 $20,270
2014 $6,128 $9,490 $10,490 $19,294
2013 $5,957 $9,526 $9,877 $18,435
2012 $5,733 $9,303 $9,422 $17,259
2011 $5,596 $9,722 $9,324 $16,884
2010 $5,461 $9,748 $8,113 $15,920
2009 $5,400 $9,728 $7,427 $15,105
2008 $5,712 $9,975 $8,141 $14,569
2007 $5,762 $10,226 $6,677 $13,612
2006 $5,525 $9,910 $5,784 $12,593
2005 $5,270 $9,466 $5,354 $11,703
2004 $5,154 $9,245 $5,461 $11,216
2003 $4,960 $8,850 $4,858 $10,535
2002 $4,859 $8,154 $4,073 $9,824
2001 $4,719 $7,852 $3,909 $9,586
2000 $4,727 $7,544 $3,982 $9,143
1999 $4,290 $6,790 $3,746 $8,344
1998 $4,126 $6,333 $3,642 $8,121
1997 $4,014 $6,243 $3,696 $7,651
1996 $4,043 $6,087 $3,952 $7,206
1995 $4,010 $6,091 $3,648 $6,771
1994 $3,877 $6,073 $3,240 $6,414
1993 $3,860 $6,075 $3,014 $6,116
1992 $3,643 $5,706 $3,013 $5,753
1991 $3,190 $5,053 $2,705 $5,351
1990 $2,986 $4,467 $2,540 $5,010
1989 $2,742 - $2,103 -
1988 $2,406 - $2,074 -
1987 $2,166 - $1,840 -
1986 $1,859 - $1,442 -
1985 $1,754 - $1,069 -
1984 $1,814 - $1,042 -
1983 $1,677 - $1,103 -
1982 $1,629 - $1,101 -
1981 $1,753 - $1,181 -
1980 $1,774 - $1,187 -
1979 $1,071 - $1,292 -
1978 $983 - $1,102 -
1977 $866 - $906 -
1976 $729 - $787 -
1975 $906 - $755 -
1974 $805 - $763 -
1973 $619 - $467 -
1972 $529 - $374 -
1971 $481 - $299.6 -
1970 $442 - $271.3 -
1969 $402 - $272.7 -
1968 $392 - $258.7 -
1967 $426 - $304 -
1966 $412 - $296 -
1965 $383 - $305 -
1964 $356 - $297.3 -
1963 $342 - $353 -
1962 $332 - $282.3 -
1961 $320 - $281.7 -
1960 $307 - $238.3 -

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

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

Belize's GDP per capita is $7,681, ranking 98/197, compared to $11,991 in Mauritius, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Mauritius ranks 71st at $31,840.

Economic indicators

Belize Mauritius
Gross domestic product
$3.2B
2024
$14.9B
2024
GDP rank
168/197
2024
143/197
2024
GDP growth
3.5%
2023-2024
4.93%
2023-2024
GDP per capita
$7,681
2024
$11,991
2024
GDP per capita rank
98/197
2024
78/197
2024
GDP per capita, PPP
$14,347
2024
$31,840
2024
GDP per capita PPP rank
117/197
2024
71/197
2024
Government debt
$2.1B
2024
$13.6B
2024
Debt-to-GDP ratio
65.4%
2024
91.1%
2024
Government debt per person
$5,026
2024
$10,929
2024
Government debt per person rank
78/185
2024
54/185
2024
Average annual personal income after taxes
$9,204
2026
$7,203
2026
Market capitalization of domestic companies n/a
$9.12B
2024
Number of billionaires
1
2025
n/a
Income share by richest 10%
30%
2018
29.9%
2017
Income share by poorest 10%
2.2%
2018
2.9%
2017
Government expenditure, % of GDP
26.3%
2024
33.7%
2024
Consumer prices inflation
3.3%
2023-2024
3.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
29.3%
2020
5.21%
2024
Population
430409
1240121

Spending and national debt comparison by year

Belize
Spending

Debt
Mauritius
Spending

Debt
1x
Year % of GDP
Belize Mauritius
Government spending Government debt Government spending Government debt
2024 26.3% 65.4% 33.7% 91.1%
2023 25.8% 67.5% 29.9% 85.6%
2022 23.4% 66.8% 29.4% 86.9%
2021 25.7% 82.2% 30.8% 93.8%
2020 33.2% 103% 32.6% 93.4%
2019 27.5% 78.6% 27.8% 74.6%
2018 26.9% 79% 24.3% 64.1%
2017 27.7% 78.1% 24.3% 63%
2016 27.7% 70.5% 24% 64.3%
2015 27.9% 65.1% 24.5% 65%
2014 24.8% 61.5% 23% 60.6%
2013 23.8% 62.8% 24.1% 58.2%
2012 22.1% 63.1% 22.5% 55.9%
2011 23.5% 66.2% 23.7% 56.5%
2010 23.3% 68.4% 24% 56.4%
2009 23.2% 69.7% 25.2% 58.4%
2008 21.8% 64.7% 22.7% 49.4%
2007 22.1% 66.4% 21.5% 51.6%
2006 21.2% 71.4% 22.2% 59.3%
2005 21.4% 72.7% 23% 61.7%
2004 21.7% 70.7% 22.6% 61.1%
2003 24.6% 67.2% 23.4% 70.8%
2002 24.4% 53.2% 23.3% 66.7%
2001 25.9% 49.5% 22.4% 60.5%
2000 23.2% 79% 22.2% 59.7%
1999 23.6% 41.5% 27.5% -
1998 20.9% 38.7% 26.6% -
1997 19.9% 39.4% 27.5% -
1996 19.9% 38.4% 27.4% -
1995 - - 27.3% -
1994 - - 27.5% -
1993 - - 24.5% -
1992 - - 26.8% -
1991 - - 27.2% -
1990 - - 30.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-02-20).

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

In 2024, Belize's government spending was $842M, accounting for 26.3% of its GDP, while Mauritius spent $5.03B, or 33.7% of GDP.

Debt-to-GDP ratio is 65.4% in Belize and 91.1% in Mauritius, ranking 67/185 and 30/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Mauritius
1x
Year Deficit/surplus, % of GDP
Belize Mauritius
2024 -1.23% -7.47%
2023 -2.42% -4.7%
2022 -1.04% -3.34%
2021 -3.29% -4.45%
2020 -8.57% -10.6%
2019 -2.9% -7.53%
2018 -1.37% -2.19%
2017 -3.48% -1.66%
2016 -4.47% -2.81%
2015 -5.14% -3.59%
2014 -1.72% -3.13%
2013 -1.21% -3.4%
2012 -0.22% -1.78%
2011 -1.06% -3.09%
2010 -1.9% -3.07%
2009 -2.46% -3.41%
2008 1.25% -2.66%
2007 -0.19% -3.09%
2006 -2.27% -4.14%
2005 -3.7% -4.44%
2004 -4.52% -4.34%
2003 -8.41% -4.82%
2002 -5.41% -5.18%
2001 -7.23% -5.53%
2000 -6.68% -4.4%
1999 -6.51% -
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/mauritius | 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 Mauritius' deficit of $1.12B, or 7.47% of GDP.

Over the past 25 years, Belize recorded a fiscal deficit in 24 of those years, while Mauritius ran a deficit in 25 years. On average, Belize posted an annual deficit equal to 3.19% of GDP, compared to deficit of 4.19% of GDP for Mauritius.

Inflation comparison by year

Inflation
Belize

Mauritius
1x
Year Consumer prices inflation
Belize Mauritius
2024 3.3% 3.6%
2023 4.4% 7.05%
2022 6.3% 10.8%
2021 3.2% 4.03%
2020 0.1% 2.58%
2019 0.2% 0.41%
2018 0.3% 3.22%
2017 1.1% 3.67%
2016 0.7% 0.98%
2015 -0.9% 1.29%
2014 1.2% 3.22%
2013 0.5% 3.54%
2012 1.2% 3.85%
2011 1.7% 6.52%
2010 0.9% 2.93%
2009 -1.1% 2.52%
2008 6.4% 9.73%
2007 2.3% 8.83%
2006 4.2% 8.91%
2005 3.7% 4.94%
2004 3.1% 4.71%
2003 2.6% 3.92%
2002 2.2% 6.42%
2001 1.1% 5.39%
2000 0.6% 4.2%
1999 -1.2% 6.91%
1998 -0.8% 6.81%
1997 1% 6.83%

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/mauritius | CC BY

Over the past 28 years, Belize has recorded an average annual inflation rate of 1.73%, compared with 4.92% in Mauritius. In 2024, inflation was 3.3% in Belize and 3.6% in Mauritius.

Balance of trade

Belize Mauritius
Current account balance
-$51.7M
2024
-$1.05B
2024
Current account balance ranking
84/190
2024
126/190
2024
Current account balance, % of GDP
-1.61%
2024
-7.03%
2024
Goods imports
$1.36B
2024
$6.35B
2024
Goods exports
$482M
2024
$2.37B
2024
Service imports
$362M
2024
$2.28B
2024
Service exports
$1.16B
2024
$4.19B
2024
Imports of goods and services, % of GDP
53.7%
2024
78.3%
2024
Exports of goods and services, % of GDP
55.2%
2024
67.1%
2024

Economic freedom indices

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

Belize Mauritius
Economic freedom 64.7 73
Economic freedom ranking 71/197 26/197
Property rights 46.3 83.9
Government integrity 46.2 53.4
Judicial effectiveness 73.9 80.7
Tax burden 81.8 89.6
Government spending 81 73.8
Fiscal health 87.5 45.5
Business freedom 67.2 81.5
Labor freedom 57.6 69.6
Monetary freedom 72.6 70.7
Trade freedom 57.8 87
Investment freedom 55 70
Financial freedom 50 70

Economic freedom comparison by year

Belize
Mauritius
1x
Year Economic freedom index
Belize Mauritius
2026 64.7 73
2025 64.2 75
2024 61.2 71.5
2023 59.8 70.6
2022 56.6 70.9
2021 57.5 77
2020 57.4 74.9
2019 55.4 73
2018 57.1 75.1
2017 58.6 74.7
2016 57.4 74.7
2015 56.8 76.4
2014 56.7 76.5
2013 57.3 76.9
2012 61.9 77
2011 63.8 76.2
2010 61.5 76.3
2009 63 74.3
2008 63 72.6
2007 63.3 69.4
2006 64.7 67.4
2005 64.5 67.2
2004 62.8 64.3
2003 63.5 64.4
2002 65.6 67.7
2001 65.9 66.4
2000 63.3 67.2
1999 60.7 68.5
1998 59.1 -
1997 64.3 -
1996 61.6 -
1995 62.9 -

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 73 for Mauritius, ranking 26/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Mauritius
Services, % of GDP
62.4%
2024
64.4%
2024
Industry, % of GDP
14.6%
2024
17.8%
2024
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
4.23%
2024
GNI, Atlas method
$2.98B
2024
$16.2B
2024
GNI per capita, PPP
$13,760
2024
$35,100
2024
Total reserves including gold
$498M
2024
$8.51B
2024
Total reserves ranking
156/177
2024
83/177
2024
Net foreign direct investment
-$126M
2024
$963M
2024
Net inflows of foreign direct investment
$128M
2024
$681M
2024
Net outflows of foreign direct investment
$2.61M
2024
$38.3M
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
10.1%
2024
Poverty at national poverty lines
52%
2018
8.4%
2023
Gross capital formation, % of GDP
19.8%
2024
21.2%
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/mauritius | 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 (1990–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.