Skip to content

Economy of Belize vs Saudi Arabia compared: GDP & Debt

Updated on by Georank

Belize has a GDP of $3.33B compared to $1.28T for Saudi Arabia, ranking 170/197 and 19/197 by economy size, respectively.

Belize has $2.26B in government debt (67.9% of GDP), compared to $405B (31.7% of GDP) in Saudi Arabia.

Belize vs Saudi Arabia GDP by year

Belize
Saudi Arabia
1x
Year GDP, current $
Belize Saudi Arabia
2025 $3,326,500,000 $1,276,942,933,333
2024 $3,203,631,800 $1,254,140,800,000
2023 $3,052,362,650 $1,218,584,800,000
2022 $2,846,604,350 $1,239,075,200,000
2021 $2,428,606,250 $982,661,066,667
2020 $2,047,284,600 $767,951,200,000
2019 $2,381,187,850 $888,890,133,333
2018 $2,285,915,050 $886,564,800,000
2017 $2,266,028,250 $741,266,133,333
2016 $2,239,604,950 $689,279,466,667
2015 $2,193,095,150 $693,414,400,000
2014 $2,138,242,200 $787,153,066,667
2013 $2,035,191,450 $769,755,733,333
2012 $1,917,083,500 $751,921,333,333
2011 $1,831,576,700 $680,660,800,000
2010 $1,748,988,400 $528,207,466,667
2009 $1,688,012,750 $429,097,866,667
2008 $1,738,453,600 $519,796,800,000
2007 $1,706,190,450 $415,964,509,673
2006 $1,590,463,100 $376,900,133,511
2005 $1,474,298,400 $328,459,608,764
2004 $1,400,202,000 $258,742,133,333
2003 $1,308,280,250 $215,807,733,333
2002 $1,243,912,050 $189,605,866,667
2001 $1,172,045,150 $184,137,600,000
2000 $1,138,138,100 $189,514,933,333
1999 $999,713,050 $161,717,066,667
1998 $929,047,000 $146,775,466,667
1997 $872,916,050 $165,963,684,913
1996 $850,339,100 $158,662,483,311
1995 $818,590,250 $143,343,124,166
1994 $771,838,000 $135,174,899,866
1993 $752,255,150 $132,967,957,276
1992 $695,741,150 $137,087,850,467
1991 $596,682,100 $132,223,230,975
1990 $546,750,912 $117,630,173,565
1989 $491,100,000 $95,344,459,279
1988 $421,450,000 $88,256,074,766
1987 $371,100,000 $85,695,861,148
1986 $311,500,000 $86,961,922,765
1985 $287,300,000 $103,897,846,494
1984 $290,350,000 $119,624,858,116
1983 $262,150,000 $129,171,635,311
1982 $248,550,000 $153,240,313,858
1981 $260,750,000 $184,291,360,139
1980 $257,400,000 $164,539,660,725
1979 $151,800,000 $111,858,444,786
1978 $136,300,000 $80,266,516,687
1977 $117,650,000 $74,188,986,586
1976 $97,094,227 $64,005,665,722
1975 $118,194,026 $46,773,208,643
1974 $103,160,450 $45,412,957,746
1973 $78,214,768 $14,947,435,499
1972 $65,998,069 $9,664,267,087
1971 $59,074,687 $7,184,806,909
1970 $53,339,893 $5,377,333,333
1969 $47,399,905 $4,485,777,644
1968 $44,999,910 $4,187,777,711
1967 $47,431,256 $3,257,022,223
1966 $44,450,044 $2,920,555,557
1965 $40,110,040 $2,647,955,558
1964 $36,194,586 $2,371,808,713
1963 $33,750,114 $2,207,393,172
1962 $31,857,592 $2,130,606,532
1961 $29,965,000 $1,920,811,284
1960 $28,072,478 $1,748,124,064

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize/saudi-arabia | CC BY

GDP per capita in Belize vs Saudi Arabia by year

Belize
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,865 - $34,537 -
2024 $7,681 $14,347 $35,528 $71,375
2023 $7,425 $13,730 $36,157 $71,565
2022 $7,068 $13,461 $38,510 $71,968
2021 $6,143 $11,716 $31,921 $62,690
2020 $5,239 $9,639 $24,339 $47,518
2019 $6,172 $10,500 $29,567 $59,560
2018 $6,012 $9,497 $29,360 $59,378
2017 $6,072 $9,121 $23,929 $53,120
2016 $6,141 $9,399 $22,268 $49,937
2015 $6,155 $9,538 $23,256 $53,931
2014 $6,128 $9,490 $27,805 $62,578
2013 $5,957 $9,526 $27,865 $62,203
2012 $5,733 $9,303 $28,733 $65,034
2011 $5,596 $9,722 $27,127 $64,125
2010 $5,461 $9,748 $22,028 $58,829
2009 $5,400 $9,728 $17,718 $54,787
2008 $5,712 $9,975 $22,320 $57,236
2007 $5,762 $10,226 $18,596 $55,030
2006 $5,525 $9,910 $17,564 $54,639
2005 $5,270 $9,466 $15,976 $53,548
2004 $5,154 $9,245 $13,154 $51,225
2003 $4,960 $8,850 $11,487 $48,078
2002 $4,859 $8,154 $10,586 $45,466
2001 $4,719 $7,852 $10,805 $47,381
2000 $4,727 $7,544 $11,715 $48,644
1999 $4,290 $6,790 $10,452 $47,495
1998 $4,126 $6,333 $9,836 $48,867
1997 $4,014 $6,243 $11,545 $48,796
1996 $4,043 $6,087 $11,472 $48,569
1995 $4,010 $6,091 $10,786 $48,052
1994 $3,877 $6,073 $10,602 $48,904
1993 $3,860 $6,075 $10,885 $49,503
1992 $3,643 $5,706 $11,730 $50,355
1991 $3,190 $5,053 $11,847 $49,295
1990 $2,986 $4,467 $11,055 $46,214
1989 $2,742 - $9,414 -
1988 $2,406 - $9,165 -
1987 $2,166 - $9,386 -
1986 $1,859 - $10,078 -
1985 $1,754 - $12,745 -
1984 $1,814 - $15,541 -
1983 $1,677 - $17,810 -
1982 $1,629 - $22,454 -
1981 $1,753 - $28,703 -
1980 $1,774 - $27,206 -
1979 $1,071 - $19,612 -
1978 $983 - $14,914 -
1977 $866 - $14,595 -
1976 $729 - $13,313 -
1975 $906 - $10,266 -
1974 $805 - $10,503 -
1973 $619 - $3,640 -
1972 $529 - $2,474 -
1971 $481 - $1,929 -
1970 $442 - $1,509 -
1969 $402 - $1,313 -
1968 $392 - $1,276 -
1967 $426 - $1,032 -
1966 $412 - $961 -
1965 $383 - $904 -
1964 $356 - $840 -
1963 $342 - $812 -
1962 $332 - $813 -
1961 $320 - $760 -
1960 $307 - $718 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize/saudi-arabia | CC BY

Belize's GDP per capita is $7,865, ranking 99/197, compared to $34,537 in Saudi Arabia, ranking 36/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Belize Saudi Arabia
Gross domestic product
$3.33B
2025
$1.28T
2025
GDP rank
170/197
2025
19/197
2025
GDP growth
2.75%
2024-2025
4.5%
2024-2025
GDP per capita
$7,865
2025
$34,537
2025
GDP per capita rank
99/197
2025
36/197
2025
GDP per capita, PPP
$14,347
2024
$71,375
2024
GDP per capita PPP rank
117/197
2024
24/197
2024
Government debt
$2.26B
2025
$405B
2025
Debt-to-GDP ratio
67.9%
2025
31.7%
2025
Government debt per person
$5,339
2025
$10,956
2025
Government debt per person rank
81/185
2025
57/185
2025
Average annual personal income after taxes
$5,278
2026
$22,010
2026
Market capitalization of domestic companies n/a
$2.36T
2025
Number of millionaires n/a
348,000
2026
Number of billionaires
1
2026
15
2026
Income share by richest 10%
30%
2018
n/a
Income share by poorest 10%
2.2%
2018
n/a
Government expenditure, % of GDP
25.9%
2025
29%
2025
Consumer prices inflation
1.1%
2024-2025
2.08%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
29.3%
2020
3.24%
2025
Population
431659
37955120

Spending and national debt comparison by year

Belize
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Belize Saudi Arabia
Government spending Government debt Government spending Government debt
2025 25.9% 67.9% 29% 31.7%
2024 26.8% 65.4% 29.2% 25.9%
2023 25.8% 67.5% 28.3% 23%
2022 23.4% 66.8% 25.3% 21.3%
2021 25.7% 82.2% 28.2% 25.5%
2020 33.2% 103% 37.4% 29.7%
2019 27.5% 78.6% 31.8% 20.3%
2018 26.9% 79% 32.4% 16.8%
2017 27.7% 78.1% 30.9% 15.9%
2016 27.7% 70.5% 33.3% 12.2%
2015 27.9% 65.1% 38.5% 5.47%
2014 24.8% 61.5% 38.6% 1.5%
2013 23.8% 62.8% 34.5% 2.08%
2012 22.1% 63.1% 32.5% 2.97%
2011 23.5% 66.2% 32.4% 5.31%
2010 23.3% 68.4% 33% 8.43%
2009 23.2% 69.7% 37.1% 14%
2008 21.8% 64.7% 26.7% 12.1%
2007 22.1% 66.4% 29.5% 17.1%
2006 21.2% 71.4% 27.3% 25.8%
2005 21.4% 72.7% 28.2% 37.3%
2004 21.7% 70.7% 31.1% 62.9%
2003 24.6% 67.2% 33.1% 81.6%
2002 24.4% 53.2% 35.9% 96.4%
2001 25.9% 49.5% 36.9% 93.1%
2000 23.2% 79% 33.1% 86.7%
1999 23.6% 41.5% 30.3% 103%
1998 20.9% 38.7% 34.5% 101.5%
1997 19.9% 39.4% 35.6% 76.7%
1996 19.9% 38.4% 33.3% 75.2%
1995 - - 32.4% 74.2%
1994 - - 33.8% 67.9%
1993 - - 37.7% 58.6%
1992 - - 41.2% 47.8%
1991 - - 34.9% 39.4%
1990 - - 39.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08).

GeoRank.org/economy/belize/saudi-arabia | CC BY

In 2025, Belize's government spending was $861M, accounting for 25.9% of its GDP, while Saudi Arabia spent $370B, or 29% of GDP.

Debt-to-GDP ratio is 67.9% in Belize and 31.7% in Saudi Arabia, ranking 61/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Belize Saudi Arabia
2025 -0.96% -5.77%
2024 -1.52% -2.46%
2023 -2.42% -1.77%
2022 -1.04% 2.24%
2021 -3.29% -1.99%
2020 -8.57% -10.2%
2019 -2.9% -3.96%
2018 -1.37% -5.21%
2017 -3.48% -8.57%
2016 -4.47% -13.2%
2015 -5.14% -14.9%
2014 -1.72% -3.4%
2013 -1.21% 5.47%
2012 -0.22% 11.7%
2011 -1.06% 11.4%
2010 -1.9% 4.39%
2009 -2.46% -5.38%
2008 1.25% 29.8%
2007 -0.19% 11.8%
2006 -2.27% 20.8%
2005 -3.7% 18%
2004 -4.52% 9.72%
2003 -8.41% 1.2%
2002 -5.41% -5.91%
2001 -7.23% -3.91%
2000 -6.68% 3.18%
1999 -6.51% -5.99%
1998 -2.69% -8.88%
1997 -1.81% -2.51%
1996 -1.76% -3.25%
1995 - -5.12%
1994 - -8.31%
1993 - -9.33%
1992 - -8.12%
1991 - -3.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize/saudi-arabia | CC BY

In 2025, Belize's government deficit, the difference between spending and revenue, was $31.9M, equivalent to 0.96% of GDP. This compares to Saudi Arabia's deficit of $73.7B, or 5.77% of GDP.

Over the past 30 years, Belize recorded a fiscal deficit in 29 of those years, while Saudi Arabia ran a deficit in 18 years. On average, Belize posted an annual deficit equal to 3.12% of GDP, compared to surplus of 0.74% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Belize

Saudi Arabia
1x
Year Consumer prices inflation
Belize Saudi Arabia
2025 1.1% 2.08%
2024 3.3% 1.69%
2023 4.4% 2.33%
2022 6.3% 2.47%
2021 3.2% 3.06%
2020 0.1% 3.37%
2019 0.2% -1.19%
2018 0.3% 2.47%
2017 1.1% -0.83%
2016 0.7% 2.05%
2015 -0.9% 1.22%
2014 1.2% 2.24%
2013 0.5% 3.51%
2012 1.2% 2.87%
2011 1.7% 5.83%
2010 0.9% 5.34%
2009 -1.1% 5.06%
2008 6.4% 9.87%
2007 2.3% 4.17%
2006 4.2% 2.21%
2005 3.7% 0.48%
2004 3.1% 0.52%
2003 2.6% 0.61%
2002 2.2% 0.25%
2001 1.1% -1.12%
2000 0.6% -1.12%
1999 -1.2% -1.33%
1998 -0.8% -0.37%
1997 1% 0.06%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize/saudi-arabia | CC BY

Over the past 29 years, Belize has recorded an average annual inflation rate of 1.7%, compared with 1.99% in Saudi Arabia. In 2025, inflation was 1.1% in Belize and 2.08% in Saudi Arabia.

Top exports between countries

Belize
Export category Export value
Raw agricultural goods $30K
Saudi Arabia
Export category Export value
Metals $771K
Textiles & consumer goods $21K

Balance of trade

Belize Saudi Arabia
Current account balance
-$92.3M
2025
-$32.7B
2025
Current account balance ranking
80/190
2025
185/190
2025
Current account balance, % of GDP
-2.77%
2025
-2.56%
2025
Goods imports
$1.38B
2025
$230B
2025
Goods exports
$443M
2025
$311B
2025
Service imports
$352M
2025
$129B
2025
Service exports
$1.21B
2025
$69.4B
2025
Imports of goods and services, % of GDP
53.7%
2024
28.2%
2025
Exports of goods and services, % of GDP
55.2%
2024
29.7%
2025

Economic freedom indices

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

Belize Saudi Arabia
Economic freedom 64.7 65.4
Economic freedom ranking 71/197 65/197
Property rights 46.3 51.4
Government integrity 46.2 52.7
Judicial effectiveness 73.9 38.2
Tax burden 81.8 99.2
Government spending 81 77
Fiscal health 87.5 97.9
Business freedom 67.2 71.2
Labor freedom 57.6 41.8
Monetary freedom 72.6 81.2
Trade freedom 57.8 73.8
Investment freedom 55 50
Financial freedom 50 50

Economic freedom comparison by year

Belize
Saudi Arabia
1x
Year Economic freedom index
Belize Saudi Arabia
2026 64.7 65.4
2025 64.2 64.4
2024 61.2 61.9
2023 59.8 58.3
2022 56.6 55.5
2021 57.5 66
2020 57.4 62.4
2019 55.4 60.7
2018 57.1 59.6
2017 58.6 64.4
2016 57.4 62.1
2015 56.8 62.1
2014 56.7 62.2
2013 57.3 60.6
2012 61.9 62.5
2011 63.8 66.2
2010 61.5 64.1
2009 63 64.3
2008 63 62.5
2007 63.3 60.9
2006 64.7 63
2005 64.5 63
2004 62.8 60.4
2003 63.5 63.2
2002 65.6 65.3
2001 65.9 62.2
2000 63.3 66.5
1999 60.7 65.5
1998 59.1 69.3
1997 64.3 68.7
1996 61.6 68.3
1995 62.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/belize/saudi-arabia | CC BY

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Saudi Arabia
Services, % of GDP
62.4%
2024
48.9%
2025
Industry, % of GDP
14.6%
2024
43%
2025
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
2.59%
2025
GNI, Atlas method
$3.19B
2025
$1.33T
2025
GNI per capita, PPP
$14,230
2025
$74,400
2025
Total reserves including gold
$559M
2025
$505B
2025
Total reserves ranking
156/177
2025
8/177
2025
Net foreign direct investment
$1.15M
2025
-$5.6B
2025
Net inflows of foreign direct investment
$128M
2024
$21.3B
2024
Net outflows of foreign direct investment
$2.61M
2024
$27.6B
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
31.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize/saudi-arabia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08)
  6. TradeMap (2022–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.