Belize vs North Macedonia: Economic Indicators Comparison

North Macedonia with a GDP of $12.7B ranked the 135th largest economy in the world, while Belize ranked 176th with $1.9B. By GDP 5-years average growth and GDP per capita, North Macedonia and Belize ranked 110th vs 122nd and 100th vs 109th, respectively.

Gross Domestic Product & Income

StatBelizeNorth Macedonia
GDP$1.9B$12.7B
GDP growth, 1 year3%2.7%
GDP growth, 5-years average2.2%2.6%
Population375k2.1M
GDP per capita$4.9k$6.1k
GDP per capita growth1.07%2.62%
Purchasing Power Parity conversion factor1.1319.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.560.37
GDP per capita, PPP adjusted$8.5k$16k
GNI, Atlas method$1.7B$11.4B
GNI per capita$4.5k$5.5k
GNI, PPP adjusted$3B$32.6B
GNI per capita, PPP adjusted$7.8k$16k

Financial system and Human development

StatBelizeNorth Macedonia
Income Tax Rate25%10%
Corporate Tax Rate25%10%
Inflation, consumer prices0.3%1.5%
Inflation, GDP deflator-1.1%4.3%
Unemployment9.4%21.6%
Economic Freedom Index57.469.5
Personal Freedom Index7.48.17
Human Freedom Index7.377.55
Property Rights Index44.462.5
Judical Effectiveness Index46.442.7
Business Freedom Index60.980.6
Fiscal Health Index53.987.7
Labor Freedom Index54.367
Investment Freedom Index5565
Financial Freedom Index5060
Trade Freedom Index64.286.2
Monetary Freedom Index80.477.7
Government Spending Index66.371
Tax Burden Index79.591.5
Government Integrity Index33.542.2
Corruption Perceptions Index5837
Life expectancy at birth, years74.475.6
Suicide mortality rate, per 100,000 people4.77.9
Mortality caused by road traffic injury, per 100,000 people28.36.4
Intentional homicides, per 100,000 people37.91.5
International tourism, number of arrivals489k707k

Government debt & reserves

StatBelizeNorth Macedonia
Central government debt, % of GDP94.8%39.5%
External debt stocks, % of GNI76.8%72%
External debt stocks$1.4B$8.7B
Short-term debt, % of total reserves1.2%40.9%
Total debt service, % of exports and primary income10.1%16.6%
Adjusted net savings including particulate emission damage, % of GNI-0.9%15.4%
Gross savings, % of GDP8.5%33%
Gross capital formation, % of GDP19%33%
Total reserves including gold$294.5M$3.3B
Foreign direct investment net inflows$119.5M$648.7M

Exports, imports and economic structure

StatBelizeNorth Macedonia
Exports of goods and services, % of GDP57.7%60.3%
Imports of goods and services, % of GDP58%72.9%
Current account balance (balance of payments)-$154.9M-$25.6M
Revenue excluding grants, % of GDP29.4%26.8%
Grants excluding technical cooperation, BoP$17.1M$133.8M
Personal remittances received$92.5M$344.5M
Industry including construction value added, % of GDP12%23.6%
Agriculture, forestry and fishing value added, % of GDP9.6%7.2%
Charges for the use of intellectual property, payments BoP$7.9M$188.8M
Charges for the use of intellectual property, receipts BoP$2.5M$11.8M
Expense, % of GDP27.6%27.9%
Government Expenditure, % of GDP33.5%31.1%

Compare with countries close by GDP per capita

Belize vs

CountryGDP
per capita
Population
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k