Skip to content

Economy of Belize vs Morocco compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $161B for Morocco, ranking 168/197 and 58/197 by economy size, respectively.

Belize has $2.1B in government debt (65.4% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Belize vs Morocco GDP by year

Belize
Morocco
1x
Year GDP, current $
Belize Morocco
2024 $3,203,631,800 $160,610,994,055
2023 $3,052,362,650 $146,036,093,667
2022 $2,846,604,350 $131,245,312,804
2021 $2,428,606,250 $142,022,058,447
2020 $2,047,284,600 $121,353,645,057
2019 $2,381,187,850 $128,920,266,409
2018 $2,285,915,050 $127,341,147,582
2017 $2,266,028,250 $118,540,573,368
2016 $2,239,604,950 $111,572,947,005
2015 $2,193,095,150 $110,413,823,842
2014 $2,138,242,200 $119,130,841,412
2013 $2,035,191,450 $115,739,287,305
2012 $1,917,083,500 $106,937,392,311
2011 $1,831,576,700 $110,080,631,332
2010 $1,748,988,400 $100,865,329,473
2009 $1,688,012,750 $101,154,952,241
2008 $1,738,453,600 $101,822,906,949
2007 $1,706,190,450 $86,947,913,287
2006 $1,590,463,100 $75,883,823,301
2005 $1,474,298,400 $68,852,658,069
2004 $1,400,202,000 $66,114,145,451
2003 $1,308,280,250 $58,029,363,354
2002 $1,243,912,050 $47,077,192,188
2001 $1,172,045,150 $43,831,480,208
2000 $1,138,138,100 $43,017,455,402
1999 $999,713,050 $46,266,428,648
1998 $929,047,000 $46,497,608,725
1997 $872,916,050 $39,147,844,526
1996 $850,339,100 $43,161,571,528
1995 $818,590,250 $39,030,285,468
1994 $771,838,000 $35,604,137,423
1993 $752,255,150 $31,655,473,664
1992 $695,741,150 $33,711,069,431
1991 $596,682,100 $32,285,573,574
1990 $546,750,912 $30,179,954,775
1989 $491,100,000 $26,314,313,191
1988 $421,450,000 $25,705,296,184
1987 $371,100,000 $21,765,195,948
1986 $311,500,000 $19,462,085,540
1985 $287,300,000 $14,991,283,216
1984 $290,350,000 $14,824,667,954
1983 $262,150,000 $16,251,408,128
1982 $248,550,000 $17,692,276,734
1981 $260,750,000 $17,788,185,479
1980 $257,400,000 $21,728,516,153
1979 $151,800,000 $15,911,994,817
1978 $136,300,000 $13,236,946,234
1977 $117,650,000 $11,049,783,872
1976 $97,094,227 $9,584,297,284
1975 $118,194,026 $8,984,853,005
1974 $103,160,450 $7,675,466,449
1973 $78,214,768 $6,242,145,880
1972 $65,998,069 $5,074,117,545
1971 $59,074,687 $4,356,669,034
1970 $53,339,893 $3,956,336,244
1969 $47,399,905 $3,651,622,669
1968 $44,999,910 $3,271,422,333
1967 $47,431,256 $3,046,345,314
1966 $44,450,044 $2,876,401,297
1965 $40,110,040 $2,948,331,090
1964 $36,194,586 $2,798,345,299
1963 $33,750,114 $2,657,252,578
1962 $31,857,592 $2,379,611,125
1961 $29,965,000 $2,025,693,540
1960 $28,072,478 $2,037,154,742

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

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

GDP per capita in Belize vs Morocco by year

Belize
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 $4,218 $10,415
2023 $7,425 $13,730 $3,872 $9,895
2022 $7,068 $13,461 $3,516 $9,310
2021 $6,143 $11,716 $3,843 $8,623
2020 $5,239 $9,639 $3,317 $7,705
2019 $6,172 $10,500 $3,560 $8,046
2018 $6,012 $9,497 $3,553 $7,801
2017 $6,072 $9,121 $3,344 $8,115
2016 $6,141 $9,399 $3,186 $7,853
2015 $6,155 $9,538 $3,190 $7,799
2014 $6,128 $9,490 $3,483 $7,237
2013 $5,957 $9,526 $3,425 $7,542
2012 $5,733 $9,303 $3,206 $7,308
2011 $5,596 $9,722 $3,345 $7,274
2010 $5,461 $9,748 $3,107 $6,849
2009 $5,400 $9,728 $3,158 $6,629
2008 $5,712 $9,975 $3,222 $6,437
2007 $5,762 $10,226 $2,788 $6,058
2006 $5,525 $9,910 $2,466 $5,781
2005 $5,270 $9,466 $2,268 $5,275
2004 $5,154 $9,245 $2,207 $5,025
2003 $4,960 $8,850 $1,962 $4,741
2002 $4,859 $8,154 $1,612 $4,436
2001 $4,719 $7,852 $1,521 $4,269
2000 $4,727 $7,544 $1,513 $3,930
1999 $4,290 $6,790 $1,651 $3,801
1998 $4,126 $6,333 $1,683 $3,740
1997 $4,014 $6,243 $1,439 $3,502
1996 $4,043 $6,087 $1,610 $3,551
1995 $4,010 $6,091 $1,478 $3,152
1994 $3,877 $6,073 $1,369 $3,315
1993 $3,860 $6,075 $1,236 $2,979
1992 $3,643 $5,706 $1,337 $2,979
1991 $3,190 $5,053 $1,302 $3,025
1990 $2,986 $4,467 $1,238 $2,777
1989 $2,742 - $1,099 -
1988 $2,406 - $1,094 -
1987 $2,166 - $944 -
1986 $1,859 - $861 -
1985 $1,754 - $678 -
1984 $1,814 - $687 -
1983 $1,677 - $772 -
1982 $1,629 - $862 -
1981 $1,753 - $890 -
1980 $1,774 - $1,117 -
1979 $1,071 - $839 -
1978 $983 - $716 -
1977 $866 - $613 -
1976 $729 - $545 -
1975 $906 - $524 -
1974 $805 - $459 -
1973 $619 - $382 -
1972 $529 - $319 -
1971 $481 - $280.6 -
1970 $442 - $261.5 -
1969 $402 - $247.8 -
1968 $392 - $228 -
1967 $426 - $218.1 -
1966 $412 - $211.5 -
1965 $383 - $222.7 -
1964 $356 - $216.9 -
1963 $342 - $211.3 -
1962 $332 - $194.2 -
1961 $320 - $169.8 -
1960 $307 - $175.2 -

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

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

Belize's GDP per capita is $7,681, ranking 98/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Morocco ranks 132nd at $10,415.

Economic indicators

Belize Morocco
Gross domestic product
$3.2B
2024
$161B
2024
GDP rank
168/197
2024
58/197
2024
GDP growth
3.5%
2023-2024
3.79%
2023-2024
GDP per capita
$7,681
2024
$4,218
2024
GDP per capita rank
98/197
2024
127/197
2024
GDP per capita, PPP
$14,347
2024
$10,415
2024
GDP per capita PPP rank
117/197
2024
132/197
2024
Government debt
$2.1B
2024
$109B
2024
Debt-to-GDP ratio
65.4%
2024
67.7%
2024
Government debt per person
$5,026
2024
$2,857
2024
Government debt per person rank
78/185
2024
104/185
2024
Average annual personal income after taxes
$9,204
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires
1
2025
3
2025
Income share by richest 10%
30%
2018
31.9%
2013
Income share by poorest 10%
2.2%
2018
2.7%
2013
Government expenditure, % of GDP
26.3%
2024
33%
2024
Consumer prices inflation
3.3%
2023-2024
0.99%
2023-2024
Central bank interest rate n/a
2.25%
2025
Unemployment rate
29.3%
2020
11.8%
2022
Population
430409
38871720

Spending and national debt comparison by year

Belize
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Belize Morocco
Government spending Government debt Government spending Government debt
2024 26.3% 65.4% 33% 67.7%
2023 25.8% 67.5% 32% 68.7%
2022 23.4% 66.8% 33.7% 71.4%
2021 25.7% 82.2% 31% 69.4%
2020 33.2% 103% 34.1% 72.2%
2019 27.5% 78.6% 27.6% 60.3%
2018 26.9% 79% 27.8% 60.5%
2017 27.7% 78.1% 27.9% 60.3%
2016 27.7% 70.5% 28.6% 60.1%
2015 27.9% 65.1% 28.5% 58.4%
2014 24.8% 61.5% 30.7% 58.6%
2013 23.8% 62.8% 30.4% 57.1%
2012 22.1% 63.1% 32.5% 52.3%
2011 23.5% 66.2% 31.2% 48.6%
2010 23.3% 68.4% 28.7% 45.3%
2009 23.2% 69.7% 28.1% 42.6%
2008 21.8% 64.7% 28.3% 42%
2007 22.1% 66.4% 26.4% 47.1%
2006 21.2% 71.4% 26% 50.6%
2005 21.4% 72.7% 28.6% 54.8%
2004 21.7% 70.7% 24.5% 54.4%
2003 24.6% 67.2% 24.1% 56.9%
2002 24.4% 53.2% 25.8% 59.4%
2001 25.9% 49.5% 23.7% 60.4%
2000 23.2% 79% 22.8% 64.9%
1999 23.6% 41.5% 18.4% 63.4%
1998 20.9% 38.7% 18.7% 64.5%
1997 19.9% 39.4% 18.6% 68%
1996 19.9% 38.4% 17.6% 65.3%
1995 - - 21.3% 72.2%
1994 - - 21.7% 69.3%
1993 - - 23.1% 74.7%
1992 - - 22.3% 67%
1991 - - 20.8% 59.1%
1990 - - 22.6% 70.5%

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/morocco | CC BY

In 2024, Belize's government spending was $842M, accounting for 26.3% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 65.4% in Belize and 67.7% in Morocco, ranking 67/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Morocco
1x
Year Deficit/surplus, % of GDP
Belize Morocco
2024 -1.23% -3.92%
2023 -2.42% -4.41%
2022 -1.04% -5.37%
2021 -3.29% -5.92%
2020 -8.57% -7.15%
2019 -2.9% -3.8%
2018 -1.37% -3.52%
2017 -3.48% -3.3%
2016 -4.47% -4.49%
2015 -5.14% -4.59%
2014 -1.72% -4.78%
2013 -1.21% -4.7%
2012 -0.22% -6.63%
2011 -1.06% -6.08%
2010 -1.9% -3.93%
2009 -2.46% -1.63%
2008 1.25% 0.63%
2007 -0.19% -0.12%
2006 -2.27% -1.8%
2005 -3.7% -5.46%
2004 -4.52% -3.31%
2003 -8.41% -3.74%
2002 -5.41% -4.37%
2001 -7.23% -3.79%
2000 -6.68% -1.97%
1999 -6.51% 3.21%
1998 -2.69% 1.47%
1997 -1.81% 1.5%
1996 -1.76% 0.87%
1995 - -2.54%
1994 - -2.51%
1993 - -2%
1992 - -1.84%
1991 - -0.9%
1990 - -1.32%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/belize/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 29 years, Belize recorded a fiscal deficit in 28 of those years, while Morocco ran a deficit in 24 years. On average, Belize posted an annual deficit equal to 3.19% of GDP, compared to deficit of 3.14% of GDP for Morocco.

Inflation comparison by year

Inflation
Belize

Morocco
1x
Year Consumer prices inflation
Belize Morocco
2024 3.3% 0.99%
2023 4.4% 6.09%
2022 6.3% 6.66%
2021 3.2% 1.4%
2020 0.1% 0.71%
2019 0.2% 0.3%
2018 0.3% 1.8%
2017 1.1% 0.75%
2016 0.7% 1.64%
2015 -0.9% 1.56%
2014 1.2% 0.44%
2013 0.5% 1.88%
2012 1.2% 1.29%
2011 1.7% 0.91%
2010 0.9% 0.99%
2009 -1.1% 0.97%
2008 6.4% 3.71%
2007 2.3% 2.04%
2006 4.2% 3.28%
2005 3.7% 0.98%
2004 3.1% 1.49%
2003 2.6% 1.17%
2002 2.2% 2.8%
2001 1.1% 0.62%
2000 0.6% 1.89%
1999 -1.2% 0.68%
1998 -0.8% 2.75%
1997 1% 1.04%

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/morocco | CC BY

Over the past 28 years, Belize has recorded an average annual inflation rate of 1.73%, compared with 1.82% in Morocco. In 2024, inflation was 3.3% in Belize and 0.99% in Morocco.

Top exports between countries

Belize
Export category Export value
Morocco
Export category Export value
Raw materials & minerals $37K
Machinery & equipment $2K

Balance of trade

Belize Morocco
Current account balance
-$51.7M
2024
-$1.87B
2024
Current account balance ranking
84/190
2024
141/190
2024
Current account balance, % of GDP
-1.61%
2024
-1.16%
2024
Goods imports
$1.36B
2024
$66.5B
2024
Goods exports
$482M
2024
$39.3B
2024
Service imports
$362M
2024
$14.3B
2024
Service exports
$1.16B
2024
$28.2B
2024
Imports of goods and services, % of GDP
53.7%
2024
50.2%
2024
Exports of goods and services, % of GDP
55.2%
2024
42%
2024

Economic freedom indices

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

Belize Morocco
Economic freedom 64.7 61.8
Economic freedom ranking 71/197 91/197
Property rights 46.3 55.2
Government integrity 46.2 35.6
Judicial effectiveness 73.9 32.5
Tax burden 81.8 65.5
Government spending 81 67.5
Fiscal health 87.5 57.5
Business freedom 67.2 72.1
Labor freedom 57.6 46.2
Monetary freedom 72.6 79.6
Trade freedom 57.8 69.8
Investment freedom 55 80
Financial freedom 50 80

Economic freedom comparison by year

Belize
Morocco
1x
Year Economic freedom index
Belize Morocco
2026 64.7 61.8
2025 64.2 60.3
2024 61.2 56.8
2023 59.8 58.4
2022 56.6 59.2
2021 57.5 63.3
2020 57.4 63.3
2019 55.4 62.9
2018 57.1 61.9
2017 58.6 61.5
2016 57.4 61.3
2015 56.8 60.1
2014 56.7 58.3
2013 57.3 59.6
2012 61.9 60.2
2011 63.8 59.6
2010 61.5 59.2
2009 63 57.7
2008 63 55.6
2007 63.3 56.4
2006 64.7 51.5
2005 64.5 52.2
2004 62.8 56.7
2003 63.5 57.8
2002 65.6 59
2001 65.9 63.9
2000 63.3 63.2
1999 60.7 63.8
1998 59.1 61.1
1997 64.3 64.7
1996 61.6 64.3
1995 62.9 62.8

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Morocco
Services, % of GDP
62.4%
2024
52.7%
2024
Industry, % of GDP
14.6%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
10.6%
2024
GNI, Atlas method
$2.98B
2024
$149B
2024
GNI per capita, PPP
$13,760
2024
$10,260
2024
Total reserves including gold
$498M
2024
$37.1B
2024
Total reserves ranking
156/177
2024
52/177
2024
Net foreign direct investment
-$126M
2024
-$948M
2024
Net inflows of foreign direct investment
$128M
2024
$1.64B
2024
Net outflows of foreign direct investment
$2.61M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
5.63%
2024
Poverty at national poverty lines
52%
2018
3.9%
2022
Gross capital formation, % of GDP
19.8%
2024
30.1%
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/morocco | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.