Belize vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Belize ranked 176th with $1.9B. By GDP 5-years average growth and GDP per capita, Norway and Belize ranked 142nd vs 122nd and 5th vs 109th, respectively.

Gross Domestic Product & Income

StatBelizeNorway
GDP$1.9B$434.2B
GDP growth, 1 year3%1.4%
GDP growth, 5-years average2.2%1.7%
Population375k5.4M
GDP per capita$4.9k$82k
GDP per capita growth1.07%0.58%
Purchasing Power Parity conversion factor1.1310.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.561.25
GDP per capita, PPP adjusted$8.5k$74k
GNI, Atlas method$1.7B$428.4B
GNI per capita$4.5k$81k
GNI, PPP adjusted$3B$363B
GNI per capita, PPP adjusted$7.8k$68k

Financial system and Human development

StatBelizeNorway
Income Tax Rate25%47.8%
Corporate Tax Rate25%22%
Inflation, consumer prices0.3%2.8%
Inflation, GDP deflator-1.1%5.8%
Unemployment9.4%3.9%
Economic Freedom Index57.473.4
Personal Freedom Index7.49.55
Human Freedom Index7.378.61
Property Rights Index44.484.3
Judical Effectiveness Index46.482.8
Business Freedom Index60.986.1
Fiscal Health Index53.997.3
Labor Freedom Index54.357.4
Investment Freedom Index5575
Financial Freedom Index5060
Trade Freedom Index64.283.8
Monetary Freedom Index80.474.8
Government Spending Index66.325.6
Tax Burden Index79.557.7
Government Integrity Index33.595.6
Corruption Perceptions Index5884
Life expectancy at birth, years74.482.5
Suicide mortality rate, per 100,000 people4.712.2
Mortality caused by road traffic injury, per 100,000 people28.32.7
Intentional homicides, per 100,000 people37.90.5
International tourism, number of arrivals489k5.7M

Government debt & reserves

StatBelizeNorway
Central government debt, % of GDP94.8%36.8%
External debt stocks, % of GNI76.8%N/A
External debt stocks$1.4BN/A
Short-term debt, % of total reserves1.2%N/A
Total debt service, % of exports and primary income10.1%N/A
Adjusted net savings including particulate emission damage, % of GNI-0.9%16.9%
Gross savings, % of GDP8.5%35.9%
Gross capital formation, % of GDP19%27.3%
Total reserves including gold$294.5M$63.1B
Foreign direct investment net inflows$119.5M-$17.4B

Exports, imports and economic structure

StatBelizeNorway
Exports of goods and services, % of GDP57.7%38.4%
Imports of goods and services, % of GDP58%32.6%
Current account balance (balance of payments)-$154.9M$31.4B
Revenue excluding grants, % of GDP29.4%47.4%
Grants excluding technical cooperation, BoP$17.1MN/A
Personal remittances received$92.5M$644.3M
Industry including construction value added, % of GDP12%32%
Agriculture, forestry and fishing value added, % of GDP9.6%1.9%
Charges for the use of intellectual property, payments BoP$7.9M$768.9M
Charges for the use of intellectual property, receipts BoP$2.5M$515.2M
Expense, % of GDP27.6%37.7%
Government Expenditure, % of GDP33.5%49.8%

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
North Macedonia
$6.1k
2.08M
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

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k