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Belize vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Belize ranked 176th with $1.9B. By GDP 5-years average growth and GDP per capita, South Africa and Belize ranked 151st vs 122nd and 95th vs 109th, respectively.

Gross Domestic Product & Income

StatBelizeSouth Africa
GDP$1.9B$368.3B
GDP growth, 1 year3%0.8%
GDP growth, 5-years average2.2%1.1%
Population375k57.7M
GDP per capita$4.9k$6.4k
GDP per capita growth1.07%-0.57%
Purchasing Power Parity conversion factor1.136.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.560.47
GDP per capita, PPP adjusted$8.5k$14k
GNI, Atlas method$1.7B$332.3B
GNI per capita$4.5k$5.8k
GNI, PPP adjusted$3B$765.8B
GNI per capita, PPP adjusted$7.8k$13k

Financial system and Human development

StatBelizeSouth Africa
Income Tax Rate25%45%
Corporate Tax Rate25%28%
Inflation, consumer prices0.3%4.6%
Inflation, GDP deflator-1.1%3.9%
Unemployment9.4%27%
Economic Freedom Index57.458.8
Personal Freedom Index7.46.92
Human Freedom Index7.376.78
Property Rights Index44.458.4
Judical Effectiveness Index46.438
Business Freedom Index60.962
Fiscal Health Index53.964
Labor Freedom Index54.358.8
Investment Freedom Index5545
Financial Freedom Index5050
Trade Freedom Index64.275.8
Monetary Freedom Index80.475.9
Government Spending Index66.367.4
Tax Burden Index79.563.7
Government Integrity Index33.546.6
Corruption Perceptions Index5843
Life expectancy at birth, years74.463.5
Suicide mortality rate, per 100,000 people4.711.6
Mortality caused by road traffic injury, per 100,000 people28.325.9
Intentional homicides, per 100,000 people37.935.9
International tourism, number of arrivals489k10.5M

Government debt & reserves

StatBelizeSouth Africa
Central government debt, % of GDP94.8%56.7%
External debt stocks, % of GNI76.8%50.6%
External debt stocks$1.4B$179.3B
Short-term debt, % of total reserves1.2%70.9%
Total debt service, % of exports and primary income10.1%19.9%
Adjusted net savings including particulate emission damage, % of GNI-0.9%0.6%
Gross savings, % of GDP8.5%14.9%
Gross capital formation, % of GDP19%17.9%
Total reserves including gold$294.5M$51.6B
Foreign direct investment net inflows$119.5M$5.5B

Exports, imports and economic structure

StatBelizeSouth Africa
Exports of goods and services, % of GDP57.7%29.9%
Imports of goods and services, % of GDP58%29.6%
Current account balance (balance of payments)-$154.9M-$13.4B
Revenue excluding grants, % of GDP29.4%30.9%
Grants excluding technical cooperation, BoP$17.1M$817.9M
Personal remittances received$92.5M$929M
Industry including construction value added, % of GDP12%25.9%
Agriculture, forestry and fishing value added, % of GDP9.6%2.2%
Charges for the use of intellectual property, payments BoP$7.9M$1.8B
Charges for the use of intellectual property, receipts BoP$2.5M$120.7M
Expense, % of GDP27.6%34.4%
Government Expenditure, % of GDP33.5%33%

Compare with countries close by GDP per capita

Belize vs

CountryGDP
per capita
Population
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
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
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M