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Economy of Belize vs Romania compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $383B for Romania, ranking 168/197 and 42/197 by economy size, respectively.

Belize has $2.1B in government debt (65.4% of GDP), compared to $220B (57.4% of GDP) in Romania.

Belize vs Romania GDP by year

Belize
Romania
1x
Year GDP, current $
Belize Romania
2024 $3,203,631,800 $382,564,217,989
2023 $3,052,362,650 $347,757,995,759
2022 $2,846,604,350 $295,319,437,557
2021 $2,428,606,250 $285,071,280,114
2020 $2,047,284,600 $250,625,048,304
2019 $2,381,187,850 $250,080,428,512
2018 $2,285,915,050 $241,791,427,224
2017 $2,266,028,250 $210,147,385,855
2016 $2,239,604,950 $185,290,759,249
2015 $2,193,095,150 $177,885,131,240
2014 $2,138,242,200 $199,722,319,676
2013 $2,035,191,450 $189,798,603,751
2012 $1,917,083,500 $179,117,323,107
2011 $1,831,576,700 $192,623,977,894
2010 $1,748,988,400 $170,064,350,672
2009 $1,688,012,750 $174,110,532,659
2008 $1,738,453,600 $214,315,932,061
2007 $1,706,190,450 $174,588,782,939
2006 $1,590,463,100 $122,023,735,993
2005 $1,474,298,400 $98,454,380,120
2004 $1,400,202,000 $74,973,656,852
2003 $1,308,280,250 $57,806,384,143
2002 $1,243,912,050 $46,065,502,703
2001 $1,172,045,150 $40,395,116,581
2000 $1,138,138,100 $37,253,739,511
1999 $999,713,050 $35,953,156,754
1998 $929,047,000 $41,696,091,974
1997 $872,916,050 $35,575,214,078
1996 $850,339,100 $36,937,074,278
1995 $818,590,250 $37,430,162,103
1994 $771,838,000 $30,072,805,104
1993 $752,255,150 $26,361,160,450
1992 $695,741,150 $25,121,666,667
1991 $596,682,100 $28,850,634,900
1990 $546,750,912 $38,247,882,300
1989 $491,100,000 $41,450,777,202
1988 $421,450,000 $40,424,528,302
1987 $371,100,000 $38,067,567,568
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/romania | CC BY

GDP per capita in Belize vs Romania by year

Belize
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 $20,080 $49,077
2023 $7,425 $13,730 $18,244 $45,982
2022 $7,068 $13,461 $15,504 $41,979
2021 $6,143 $11,716 $14,908 $37,534
2020 $5,239 $9,639 $13,009 $34,194
2019 $6,172 $10,500 $12,910 $33,425
2018 $6,012 $9,497 $12,416 $29,383
2017 $6,072 $9,121 $10,728 $26,943
2016 $6,141 $9,399 $9,405 $23,905
2015 $6,155 $9,538 $8,977 $21,625
2014 $6,128 $9,490 $10,032 $20,633
2013 $5,957 $9,526 $9,498 $19,678
2012 $5,733 $9,303 $8,930 $19,808
2011 $5,596 $9,722 $9,561 $18,804
2010 $5,461 $9,748 $8,400 $17,355
2009 $5,400 $9,728 $8,548 $16,641
2008 $5,712 $9,975 $10,435 $16,782
2007 $5,762 $10,226 $8,360 $13,703
2006 $5,525 $9,910 $5,758 $11,554
2005 $5,270 $9,466 $4,618 $9,602
2004 $5,154 $9,245 $3,495 $8,989
2003 $4,960 $8,850 $2,679 $7,559
2002 $4,859 $8,154 $2,120 $7,162
2001 $4,719 $7,852 $1,825 $6,520
2000 $4,727 $7,544 $1,660 $5,850
1999 $4,290 $6,790 $1,600 $5,596
1998 $4,126 $6,333 $1,853 $5,545
1997 $4,014 $6,243 $1,577 $5,564
1996 $4,043 $6,087 $1,633 $5,746
1995 $4,010 $6,091 $1,650 $5,429
1994 $3,877 $6,073 $1,323 $4,995
1993 $3,860 $6,075 $1,158 $4,699
1992 $3,643 $5,706 $1,102 $4,515
1991 $3,190 $5,053 $1,254 $4,795
1990 $2,986 $4,467 $1,648 $5,280
1989 $2,742 - $1,790 -
1988 $2,406 - $1,753 -
1987 $2,166 - $1,659 -
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/romania | CC BY

Belize's GDP per capita is $7,681, ranking 98/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Romania ranks 47th at $49,077.

Economic indicators

Belize Romania
Gross domestic product
$3.2B
2024
$383B
2024
GDP rank
168/197
2024
42/197
2024
GDP growth
3.5%
2023-2024
0.92%
2023-2024
GDP per capita
$7,681
2024
$20,080
2024
GDP per capita rank
98/197
2024
58/197
2024
GDP per capita, PPP
$14,347
2024
$49,077
2024
GDP per capita PPP rank
117/197
2024
47/197
2024
Government debt
$2.1B
2024
$220B
2024
Debt-to-GDP ratio
65.4%
2024
57.4%
2024
Government debt per person
$5,026
2024
$11,533
2024
Government debt per person rank
78/185
2024
48/185
2024
Average annual personal income after taxes
$9,204
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires
1
2025
6
2025
Income share by richest 10%
30%
2018
21.8%
2023
Income share by poorest 10%
2.2%
2018
2.4%
2023
Government expenditure, % of GDP
26.3%
2024
39.9%
2024
Consumer prices inflation
3.3%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
29.3%
2020
5.43%
2024
Population
430409
18839108

Spending and national debt comparison by year

Belize
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Belize Romania
Government spending Government debt Government spending Government debt
2024 26.3% 65.4% 39.9% 57.4%
2023 25.8% 67.5% 36.6% 52.1%
2022 23.4% 66.8% 37.4% 51.7%
2021 25.7% 82.2% 37% 51.5%
2020 33.2% 103% 38.1% 49.3%
2019 27.5% 78.6% 33.2% 36.5%
2018 26.9% 79% 31.7% 36.2%
2017 27.7% 78.1% 31% 37.1%
2016 27.7% 70.5% 31.8% 39.5%
2015 27.9% 65.1% 34.2% 39.4%
2014 24.8% 61.5% 33.8% 40.5%
2013 23.8% 62.8% 34.2% 39.3%
2012 22.1% 63.1% 33.5% 36.2%
2011 23.5% 66.2% 35% 32.6%
2010 23.3% 68.4% 37.4% 30.2%
2009 23.2% 69.7% 36.3% 22.5%
2008 21.8% 64.7% 35.3% 13%
2007 22.1% 66.4% 34.6% 12.4%
2006 21.2% 71.4% 33.9% 12.7%
2005 21.4% 72.7% 32.3% 17.8%
2004 21.7% 70.7% 33.7% 21.3%
2003 24.6% 67.2% 31.8% 24.9%
2002 24.4% 53.2% 32.1% 27.4%
2001 25.9% 49.5% 33.2% 27.4%
2000 23.2% 79% 35% 29.6%
1999 23.6% 41.5% 35.1% 21.7%
1998 20.9% 38.7% 34.7% 16.5%
1997 19.9% 39.4% 33.5% 15%
1996 19.9% 38.4% 33.5% 11%
1995 - - 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–2000, retrieved 2026-02-20).

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

In 2024, Belize's government spending was $842M, accounting for 26.3% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 65.4% in Belize and 57.4% in Romania, ranking 67/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Romania
1x
Year Deficit/surplus, % of GDP
Belize Romania
2024 -1.23% -8.68%
2023 -2.42% -5.61%
2022 -1.04% -5.83%
2021 -3.29% -6.7%
2020 -8.57% -9.54%
2019 -2.9% -4.55%
2018 -1.37% -2.74%
2017 -3.48% -2.86%
2016 -4.47% -2.5%
2015 -5.14% -1.35%
2014 -1.72% -1.76%
2013 -1.21% -2.44%
2012 -0.22% -2.39%
2011 -1.06% -4.14%
2010 -1.9% -6.22%
2009 -2.46% -6.86%
2008 1.25% -4.6%
2007 -0.19% -3.05%
2006 -2.27% -1.36%
2005 -3.7% -0.69%
2004 -4.52% -3.39%
2003 -8.41% -2.29%
2002 -5.41% -2.59%
2001 -7.23% -3.2%
2000 -6.68% -3.99%
1999 -6.51% -3.58%
1998 -2.69% -5.33%
1997 -1.81% -5.19%
1996 -1.76% -4.74%
1995 - -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/belize/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 29 years, Belize recorded a fiscal deficit in 28 of those years, while Romania ran a deficit in 29 years. On average, Belize posted an annual deficit equal to 3.19% of GDP, compared to deficit of 4.07% of GDP for Romania.

Inflation comparison by year

Inflation
Belize

Romania
1x
Year Consumer prices inflation
Belize Romania
2024 3.3% 5.6%
2023 4.4% 10.4%
2022 6.3% 13.8%
2021 3.2% 5%
2020 0.1% 2.6%
2019 0.2% 3.8%
2018 0.3% 4.6%
2017 1.1% 1.3%
2016 0.7% -1.6%
2015 -0.9% -0.6%
2014 1.2% 1.1%
2013 0.5% 4%
2012 1.2% 3.3%
2011 1.7% 5.8%
2010 0.9% 6.1%
2009 -1.1% 5.6%
2008 6.4% 7.8%
2007 2.3% 4.8%
2006 4.2% 6.6%
2005 3.7% 9%
2004 3.1% 11.9%
2003 2.6% 15.4%
2002 2.2% 22.5%
2001 1.1% 34.5%
2000 0.6% 45.7%
1999 -1.2% 45.8%
1998 -0.8% 59.1%
1997 1% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Belize has recorded an average annual inflation rate of 1.73%, compared with 17.5% in Romania. In 2024, inflation was 3.3% in Belize and 5.6% in Romania.

Top exports between countries

Belize
Export category Export value
Processed food, beverages & tobacco $104K
Romania
Export category Export value
Wood & paper products $51K
Raw materials & minerals $37K
Textiles & consumer goods $19K
Machinery & equipment $18K
Miscellaneous $11K
Metals $3K

Balance of trade

Belize Romania
Current account balance
-$51.7M
2024
-$31.2B
2024
Current account balance ranking
84/190
2024
185/190
2024
Current account balance, % of GDP
-1.61%
2024
-8.16%
2024
Goods imports
$1.36B
2024
$129B
2024
Goods exports
$482M
2024
$93.3B
2024
Service imports
$362M
2024
$30.2B
2024
Service exports
$1.16B
2024
$42.9B
2024
Imports of goods and services, % of GDP
53.7%
2024
41.6%
2024
Exports of goods and services, % of GDP
55.2%
2024
35.6%
2024

Economic freedom indices

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

Belize Romania
Economic freedom 64.7 65.4
Economic freedom ranking 71/197 64/197
Property rights 46.3 81
Government integrity 46.2 50
Judicial effectiveness 73.9 67
Tax burden 81.8 89.1
Government spending 81 56.7
Fiscal health 87.5 21.4
Business freedom 67.2 74.4
Labor freedom 57.6 63.6
Monetary freedom 72.6 72.7
Trade freedom 57.8 79.4
Investment freedom 55 70
Financial freedom 50 60

Economic freedom comparison by year

Belize
Romania
1x
Year Economic freedom index
Belize Romania
2026 64.7 65.4
2025 64.2 66.5
2024 61.2 64.4
2023 59.8 64.5
2022 56.6 67.1
2021 57.5 69.5
2020 57.4 69.7
2019 55.4 68.6
2018 57.1 69.4
2017 58.6 69.7
2016 57.4 65.6
2015 56.8 66.6
2014 56.7 65.5
2013 57.3 65.1
2012 61.9 64.4
2011 63.8 64.7
2010 61.5 64.2
2009 63 63.2
2008 63 61.7
2007 63.3 61.2
2006 64.7 58.2
2005 64.5 52.1
2004 62.8 50
2003 63.5 50.6
2002 65.6 48.7
2001 65.9 50
2000 63.3 52.1
1999 60.7 50.1
1998 59.1 54.4
1997 64.3 50.8
1996 61.6 46.2
1995 62.9 42.9

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Romania
Services, % of GDP
62.4%
2024
62.6%
2024
Industry, % of GDP
14.6%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
2.81%
2024
GNI, Atlas method
$2.98B
2024
$335B
2024
GNI per capita, PPP
$13,760
2024
$47,920
2024
Total reserves including gold
$498M
2024
$73.4B
2024
Total reserves ranking
156/177
2024
35/177
2024
Net foreign direct investment
-$126M
2024
-$5.17B
2024
Net inflows of foreign direct investment
$128M
2024
$7.16B
2024
Net outflows of foreign direct investment
$2.61M
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
19%
2023
Gross capital formation, % of GDP
19.8%
2024
25%
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/romania | 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 (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–2000, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, 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.