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Economy of Belize vs Poland compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $918B for Poland, ranking 168/197 and 21/197 by economy size, respectively.

Belize has $2.1B in government debt (65.4% of GDP), compared to $507B (55.3% of GDP) in Poland.

Belize vs Poland GDP by year

Belize
Poland
1x
Year GDP, current $
Belize Poland
2024 $3,203,631,800 $917,767,106,147
2023 $3,052,362,650 $812,451,193,396
2022 $2,846,604,350 $695,607,470,875
2021 $2,428,606,250 $689,170,230,665
2020 $2,047,284,600 $605,914,237,904
2019 $2,381,187,850 $602,683,770,145
2018 $2,285,915,050 $594,616,687,350
2017 $2,266,028,250 $528,356,676,667
2016 $2,239,604,950 $473,259,583,970
2015 $2,193,095,150 $480,054,118,583
2014 $2,138,242,200 $542,134,167,179
2013 $2,035,191,450 $518,179,836,405
2012 $1,917,083,500 $498,148,649,703
2011 $1,831,576,700 $527,848,543,023
2010 $1,748,988,400 $478,111,630,684
2009 $1,688,012,750 $440,891,472,247
2008 $1,738,453,600 $535,612,030,672
2007 $1,706,190,450 $429,715,132,138
2006 $1,590,463,100 $345,897,630,736
2005 $1,474,298,400 $306,999,913,151
2004 $1,400,202,000 $256,268,656,145
2003 $1,308,280,250 $218,561,225,998
2002 $1,243,912,050 $199,694,463,256
2001 $1,172,045,150 $191,823,200,371
2000 $1,138,138,100 $172,953,527,033
1999 $999,713,050 $170,704,452,715
1998 $929,047,000 $175,282,269,667
1997 $872,916,050 $159,893,964,917
1996 $850,339,100 $160,813,026,223
1995 $818,590,250 $142,838,527,115
1994 $771,838,000 $110,803,635,288
1993 $752,255,150 $96,043,157,273
1992 $695,741,150 $94,337,050,693
1991 $596,682,100 $85,500,935,935
1990 $546,750,912 $65,977,748,211
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/poland | CC BY

GDP per capita in Belize vs Poland by year

Belize
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 $25,104 $51,263
2023 $7,425 $13,730 $22,145 $48,473
2022 $7,068 $13,461 $18,891 $46,778
2021 $6,143 $11,716 $18,636 $41,060
2020 $5,239 $9,639 $16,151 $37,089
2019 $6,172 $10,500 $15,875 $35,882
2018 $6,012 $9,497 $15,658 $32,345
2017 $6,072 $9,121 $13,913 $30,170
2016 $6,141 $9,399 $12,464 $28,360
2015 $6,155 $9,538 $12,638 $26,988
2014 $6,128 $9,490 $14,262 $25,460
2013 $5,957 $9,526 $13,622 $24,434
2012 $5,733 $9,303 $13,087 $23,728
2011 $5,596 $9,722 $13,868 $22,809
2010 $5,461 $9,748 $12,568 $20,991
2009 $5,400 $9,728 $11,556 $19,300
2008 $5,712 $9,975 $14,049 $18,372
2007 $5,762 $10,226 $11,273 $16,833
2006 $5,525 $9,910 $9,069 $15,205
2005 $5,270 $9,466 $8,044 $13,936
2004 $5,154 $9,245 $6,712 $13,413
2003 $4,960 $8,850 $5,721 $12,329
2002 $4,859 $8,154 $5,223 $11,841
2001 $4,719 $7,852 $5,015 $11,175
2000 $4,727 $7,544 $4,521 $10,721
1999 $4,290 $6,790 $4,416 $10,081
1998 $4,126 $6,333 $4,534 $9,521
1997 $4,014 $6,243 $4,137 $8,967
1996 $4,043 $6,087 $4,164 $8,310
1995 $4,010 $6,091 $3,701 $7,715
1994 $3,877 $6,073 $2,875 $7,040
1993 $3,860 $6,075 $2,497 $6,560
1992 $3,643 $5,706 $2,459 $6,193
1991 $3,190 $5,053 $2,236 $5,925
1990 $2,986 $4,467 $1,731 $6,185
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).

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

Belize's GDP per capita is $7,681, ranking 98/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Poland ranks 43rd at $51,263.

Economic indicators

Belize Poland
Gross domestic product
$3.2B
2024
$918B
2024
GDP rank
168/197
2024
21/197
2024
GDP growth
3.5%
2023-2024
3.03%
2023-2024
GDP per capita
$7,681
2024
$25,104
2024
GDP per capita rank
98/197
2024
48/197
2024
GDP per capita, PPP
$14,347
2024
$51,263
2024
GDP per capita PPP rank
117/197
2024
43/197
2024
Government debt
$2.1B
2024
$507B
2024
Debt-to-GDP ratio
65.4%
2024
55.3%
2024
Government debt per person
$5,026
2024
$13,874
2024
Government debt per person rank
78/185
2024
41/185
2024
Average annual personal income after taxes
$9,204
2026
$20,736
2026
Market capitalization of domestic companies n/a
$197B
2024
Number of billionaires
1
2025
10
2025
Income share by richest 10%
30%
2018
22.9%
2023
Income share by poorest 10%
2.2%
2018
3.3%
2023
Government expenditure, % of GDP
26.3%
2024
49.4%
2024
Consumer prices inflation
3.3%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
29.3%
2020
2.81%
2024
Population
430409
35806942

Spending and national debt comparison by year

Belize
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Belize Poland
Government spending Government debt Government spending Government debt
2024 26.3% 65.4% 49.4% 55.3%
2023 25.8% 67.5% 46.9% 49.5%
2022 23.4% 66.8% 43.2% 48.8%
2021 25.7% 82.2% 43.6% 53%
2020 33.2% 103% 47.7% 56.6%
2019 27.5% 78.6% 41.4% 45.2%
2018 26.9% 79% 41% 48.2%
2017 27.7% 78.1% 41.1% 50.4%
2016 27.7% 70.5% 41.1% 54.1%
2015 27.9% 65.1% 41.5% 51.1%
2014 24.8% 61.5% 42.7% 51.1%
2013 23.8% 62.8% 43.2% 56.9%
2012 22.1% 63.1% 43.2% 54.5%
2011 23.5% 66.2% 44.1% 54.8%
2010 23.3% 68.4% 46% 53.7%
2009 23.2% 69.7% 44.9% 49.7%
2008 21.8% 64.7% 44% 46.6%
2007 22.1% 66.4% 42.8% 44.4%
2006 21.2% 71.4% 44.3% 47.1%
2005 21.4% 72.7% 44.1% 46.5%
2004 21.7% 70.7% 43.3% 44.9%
2003 24.6% 67.2% 45.5% 46.4%
2002 24.4% 53.2% 45.1% 41.6%
2001 25.9% 49.5% 44.7% 37.2%
2000 23.2% 79% 43.1% 36.4%
1999 23.6% 41.5% 42.5% 39.4%
1998 20.9% 38.7% 44% 38.7%
1997 19.9% 39.4% 46.1% 42.7%
1996 19.9% 38.4% 50.7% 43.2%
1995 - - 47.5% 48.7%
1994 - - - 64.3%
1993 - - - 83.9%
1992 - - - 81.9%
1991 - - - 76.9%
1990 - - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Belize's government spending was $842M, accounting for 26.3% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 65.4% in Belize and 55.3% in Poland, ranking 67/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Poland
1x
Year Deficit/surplus, % of GDP
Belize Poland
2024 -1.23% -6.59%
2023 -2.42% -5.27%
2022 -1.04% -3.44%
2021 -3.29% -1.75%
2020 -8.57% -6.85%
2019 -2.9% -0.73%
2018 -1.37% -0.24%
2017 -3.48% -1.49%
2016 -4.47% -2.38%
2015 -5.14% -2.59%
2014 -1.72% -3.66%
2013 -1.21% -4.25%
2012 -0.22% -3.8%
2011 -1.06% -4.97%
2010 -1.9% -7.43%
2009 -2.46% -7.24%
2008 1.25% -3.6%
2007 -0.19% -1.88%
2006 -2.27% -3.53%
2005 -3.7% -3.93%
2004 -4.52% -4.99%
2003 -8.41% -6.02%
2002 -5.41% -4.8%
2001 -7.23% -4.73%
2000 -6.68% -4%
1999 -6.51% -2.3%
1998 -2.69% -4.25%
1997 -1.81% -4.61%
1996 -1.76% -4.84%
1995 - -4.39%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/belize/poland | 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 Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 29 years, Belize recorded a fiscal deficit in 28 of those years, while Poland ran a deficit in 29 years. On average, Belize posted an annual deficit equal to 3.19% of GDP, compared to deficit of 4% of GDP for Poland.

Inflation comparison by year

Inflation
Belize

Poland
1x
Year Consumer prices inflation
Belize Poland
2024 3.3% 3.78%
2023 4.4% 11.5%
2022 6.3% 14.4%
2021 3.2% 5.06%
2020 0.1% 3.37%
2019 0.2% 2.23%
2018 0.3% 1.81%
2017 1.1% 2.08%
2016 0.7% -0.66%
2015 -0.9% -0.87%
2014 1.2% 0.05%
2013 0.5% 0.99%
2012 1.2% 3.56%
2011 1.7% 4.24%
2010 0.9% 2.58%
2009 -1.1% 3.8%
2008 6.4% 4.16%
2007 2.3% 2.46%
2006 4.2% 1.28%
2005 3.7% 2.18%
2004 3.1% 3.38%
2003 2.6% 0.68%
2002 2.2% 1.91%
2001 1.1% 5.41%
2000 0.6% 9.9%
1999 -1.2% 7.15%
1998 -0.8% 11.6%
1997 1% 14.9%

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/poland | CC BY

Over the past 28 years, Belize has recorded an average annual inflation rate of 1.73%, compared with 4.39% in Poland. In 2024, inflation was 3.3% in Belize and 3.78% in Poland.

Top exports between countries

Belize
Export category Export value
Processed food, beverages & tobacco $1.16M
Poland
Export category Export value
Machinery & equipment $4.93M
Chemicals & pharma $1.24M
Textiles & consumer goods $63K
Processed food, beverages & tobacco $53K
Raw materials & minerals $46K
Precious metals & jewellery $29K
Metals $26K
Wood & paper products $6K
Miscellaneous $4K

Balance of trade

Belize Poland
Current account balance
-$51.7M
2024
$2.8B
2024
Current account balance ranking
84/190
2024
40/190
2024
Current account balance, % of GDP
-1.61%
2024
+0.3%
2024
Goods imports
$1.36B
2024
$367B
2024
Goods exports
$482M
2024
$361B
2024
Service imports
$362M
2024
$74.9B
2024
Service exports
$1.16B
2024
$118B
2024
Imports of goods and services, % of GDP
53.7%
2024
48.2%
2024
Exports of goods and services, % of GDP
55.2%
2024
52.2%
2024

Economic freedom indices

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

Belize Poland
Economic freedom 64.7 68.5
Economic freedom ranking 71/197 46/197
Property rights 46.3 71.8
Government integrity 46.2 60.7
Judicial effectiveness 73.9 62.5
Tax burden 81.8 72.7
Government spending 81 35.1
Fiscal health 87.5 74.8
Business freedom 67.2 77.5
Labor freedom 57.6 53.7
Monetary freedom 72.6 73.8
Trade freedom 57.8 79.4
Investment freedom 55 80
Financial freedom 50 80

Economic freedom comparison by year

Belize
Poland
1x
Year Economic freedom index
Belize Poland
2026 64.7 68.5
2025 64.2 67.1
2024 61.2 66
2023 59.8 67.7
2022 56.6 68.7
2021 57.5 69.7
2020 57.4 69.1
2019 55.4 67.8
2018 57.1 68.5
2017 58.6 68.3
2016 57.4 69.3
2015 56.8 68.6
2014 56.7 67
2013 57.3 66
2012 61.9 64.2
2011 63.8 64.1
2010 61.5 63.2
2009 63 60.3
2008 63 60.3
2007 63.3 58.1
2006 64.7 59.3
2005 64.5 59.6
2004 62.8 58.7
2003 63.5 61.8
2002 65.6 65
2001 65.9 61.8
2000 63.3 60
1999 60.7 59.6
1998 59.1 59.2
1997 64.3 56.8
1996 61.6 57.8
1995 62.9 50.7

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Poland
Services, % of GDP
62.4%
2024
59.1%
2024
Industry, % of GDP
14.6%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
2.54%
2024
GNI, Atlas method
$2.98B
2024
$789B
2024
GNI per capita, PPP
$13,760
2024
$49,540
2024
Total reserves including gold
$498M
2024
$223B
2024
Total reserves ranking
156/177
2024
17/177
2024
Net foreign direct investment
-$126M
2024
-$10.6B
2024
Net inflows of foreign direct investment
$128M
2024
$20.6B
2024
Net outflows of foreign direct investment
$2.61M
2024
$10B
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
13.3%
2024
Gross capital formation, % of GDP
19.8%
2024
17.8%
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/poland | 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 (1995–2024, 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 (1960–2000, retrieved 2026-02-20)
  6. TradeMap (2020–2024, 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.