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Economy of Belize vs North Korea compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $34.9B for North Korea, ranking 168/197 and 106/197 by economy size, respectively.

Belize vs North Korea GDP by year

Belize
North Korea
1x
Year GDP, current $
Belize North Korea
2024 $3,203,631,800 $34,943,120,000
2023 $3,052,362,650 $32,155,360,000
2022 $2,846,604,350 $28,971,360,000
2021 $2,428,606,250 $32,301,720,000
2020 $2,047,284,600 $27,728,240,000
2019 $2,381,187,850 $28,222,880,000
2018 $2,285,915,050 $28,536,400,000
2017 $2,266,028,250 $29,105,440,000
2016 $2,239,604,950 $28,882,640,000
2015 $2,193,095,150 $30,723,030,000
2014 $2,138,242,200 $30,554,460,000
2013 $2,035,191,450 $30,588,922,000
2012 $1,917,083,500 $29,890,710,000
2011 $1,831,576,700 $29,005,020,000
2010 $1,748,988,400 $25,995,513,000
2009 $1,688,012,750 $23,356,470,000
2008 $1,738,453,600 -
2007 $1,706,190,450 -
2006 $1,590,463,100 -
2005 $1,474,298,400 -
2004 $1,400,202,000 -
2003 $1,308,280,250 -
2002 $1,243,912,050 -
2001 $1,172,045,150 -
2000 $1,138,138,100 -
1999 $999,713,050 -
1998 $929,047,000 -
1997 $872,916,050 -
1996 $850,339,100 -
1995 $818,590,250 -
1994 $771,838,000 -
1993 $752,255,150 -
1992 $695,741,150 -
1991 $596,682,100 -
1990 $546,750,912 -
1989 $491,100,000 -
1988 $421,450,000 -
1987 $371,100,000 -
1986 $311,500,000 -
1985 $287,300,000 -
1984 $290,350,000 -
1983 $262,150,000 -
1982 $248,550,000 -
1981 $260,750,000 -
1980 $257,400,000 -
1979 $151,800,000 -
1978 $136,300,000 -
1977 $117,650,000 -
1976 $97,094,227 -
1975 $118,194,026 -
1974 $103,160,450 -
1973 $78,214,768 -
1972 $65,998,069 -
1971 $59,074,687 -
1970 $53,339,893 -
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 (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belize/north-korea | CC BY

GDP per capita in Belize vs North Korea by year

Belize
GDP per capita

GDP per capita, PPP
North Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize North Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 $1,319 -
2023 $7,425 $13,730 $1,217 -
2022 $7,068 $13,461 $1,100 -
2021 $6,143 $11,716 $1,231 -
2020 $5,239 $9,639 $1,061 -
2019 $6,172 $10,500 $1,084 -
2018 $6,012 $9,497 $1,100 -
2017 $6,072 $9,121 $1,127 -
2016 $6,141 $9,399 $1,124 -
2015 $6,155 $9,538 $1,201 $1,700
2014 $6,128 $9,490 $1,201 $1,800
2013 $5,957 $9,526 $1,208 -
2012 $5,733 $9,303 $1,186 -
2011 $5,596 $9,722 $1,156 $1,800
2010 $5,461 $9,748 $1,040 -
2009 $5,400 $9,728 $939 $1,800
2008 $5,712 $9,975 - $1,800
2007 $5,762 $10,226 - $1,700
2006 $5,525 $9,910 - $1,800
2005 $5,270 $9,466 - $1,700
2004 $5,154 $9,245 - $1,700
2003 $4,960 $8,850 - $1,300
2002 $4,859 $8,154 - $1,000
2001 $4,719 $7,852 - -
2000 $4,727 $7,544 - $1,000
1999 $4,290 $6,790 - $1,000
1998 $4,126 $6,333 - -
1997 $4,014 $6,243 - -
1996 $4,043 $6,087 - -
1995 $4,010 $6,091 - -
1994 $3,877 $6,073 - -
1993 $3,860 $6,075 - -
1992 $3,643 $5,706 - -
1991 $3,190 $5,053 - -
1990 $2,986 $4,467 - -
1989 $2,742 - - -
1988 $2,406 - - -
1987 $2,166 - - -
1986 $1,859 - - -
1985 $1,754 - - -
1984 $1,814 - - -
1983 $1,677 - - -
1982 $1,629 - - -
1981 $1,753 - - -
1980 $1,774 - - -
1979 $1,071 - - -
1978 $983 - - -
1977 $866 - - -
1976 $729 - - -
1975 $906 - - -
1974 $805 - - -
1973 $619 - - -
1972 $529 - - -
1971 $481 - - -
1970 $442 - - -
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 (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).

GeoRank.org/economy/belize/north-korea | CC BY

Belize's GDP per capita is $7,681, ranking 98/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while North Korea ranks 193rd at $1,700.

Economic indicators

Belize North Korea
Gross domestic product
$3.2B
2024
$34.9B
2024
GDP rank
168/197
2024
106/197
2024
GDP growth
3.5%
2023-2024
n/a
GDP per capita
$7,681
2024
$1,319
2024
GDP per capita rank
98/197
2024
168/197
2024
GDP per capita, PPP
$14,347
2024
$1,700
2015
GDP per capita PPP rank
117/197
2024
193/197
2015
Government debt
$2.1B
2024
n/a
Debt-to-GDP ratio
65.4%
2024
n/a
Government debt per person
$5,026
2024
n/a
Government debt per person rank
78/185
2024
n/a
Average annual personal income after taxes
$9,204
2026
$1,426
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
30%
2018
n/a
Income share by poorest 10%
2.2%
2018
n/a
Government expenditure, % of GDP
26.3%
2024
n/a
Consumer prices inflation
3.3%
2023-2024
n/a
Unemployment rate
29.3%
2020
25.6%
2013
Population
430409
26659144

Top exports between countries

Belize
Export category Export value
North Korea
Export category Export value
Raw materials & minerals $43K

Balance of trade

Belize North Korea
Current account balance
-$51.7M
2024
n/a
Current account balance ranking
84/190
2024
n/a
Current account balance, % of GDP
-1.61%
2024
n/a
Goods imports
$1.36B
2024
n/a
Goods exports
$482M
2024
n/a
Service imports
$362M
2024
n/a
Service exports
$1.16B
2024
n/a
Imports of goods and services, % of GDP
53.7%
2024
n/a
Exports of goods and services, % of GDP
55.2%
2024
n/a

Economic freedom indices

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

Belize North Korea
Economic freedom 64.7 3.1
Economic freedom ranking 71/197 197/197
Property rights 46.3 16.3
Government integrity 46.2 4.3
Judicial effectiveness 73.9 6.3
Tax burden 81.8 0
Government spending 81 0
Fiscal health 87.5 0
Business freedom 67.2 5
Labor freedom 57.6 5
Monetary freedom 72.6 0
Trade freedom 57.8 0
Investment freedom 55 0
Financial freedom 50 0

Economic freedom comparison by year

Belize
North Korea
1x
Year Economic freedom index
Belize North Korea
2026 64.7 3.1
2025 64.2 3
2024 61.2 2.9
2023 59.8 2.9
2022 56.6 3
2021 57.5 5.2
2020 57.4 4.2
2019 55.4 5.9
2018 57.1 5.8
2017 58.6 4.9
2016 57.4 2.3
2015 56.8 1.3
2014 56.7 1
2013 57.3 1.5
2012 61.9 1
2011 63.8 1
2010 61.5 1
2009 63 2
2008 63 3
2007 63.3 3
2006 64.7 4
2005 64.5 8
2004 62.8 8.9
2003 63.5 8.9
2002 65.6 8.9
2001 65.9 8.9
2000 63.3 8.9
1999 60.7 8.9
1998 59.1 8.9
1997 64.3 8.9
1996 61.6 8.9
1995 62.9 8.9

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

GeoRank.org/economy/belize/north-korea | CC BY

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize North Korea
Services, % of GDP
62.4%
2024
n/a
Industry, % of GDP
14.6%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
n/a
GNI, Atlas method
$2.98B
2024
n/a
GNI per capita, PPP
$13,760
2024
n/a
Total reserves including gold
$498M
2024
n/a
Total reserves ranking
156/177
2024
n/a
Net foreign direct investment
-$126M
2024
n/a
Net inflows of foreign direct investment
$128M
2024
$203K
1989
Net outflows of foreign direct investment
$2.61M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
n/a
Gross capital formation, % of GDP
19.8%
2024
n/a

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/north-korea | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2024, retrieved 2026-02-08)

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.