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Economy of Belize vs South Sudan compared: GDP & Debt

Updated on by Georank team

Belize has a GDP of $3.2B compared to $12B for South Sudan, ranking 168/197 and 149/197 by economy size, respectively.

Belize has $2.1B in government debt (65.4% of GDP), compared to $7.04B (50.7% of GDP) in South Sudan.

Belize vs South Sudan GDP by year

Belize
South Sudan
1x
Year GDP, current $
Belize South Sudan
2024 $3,203,631,800 -
2023 $3,052,362,650 -
2022 $2,846,604,350 -
2021 $2,428,606,250 -
2020 $2,047,284,600 -
2019 $2,381,187,850 -
2018 $2,285,915,050 -
2017 $2,266,028,250 -
2016 $2,239,604,950 -
2015 $2,193,095,150 $11,997,800,760
2014 $2,138,242,200 $13,962,212,847
2013 $2,035,191,450 $18,426,469,017
2012 $1,917,083,500 $11,931,472,169
2011 $1,831,576,700 $14,907,308,933
2010 $1,748,988,400 $14,602,072,411
2009 $1,688,012,750 $12,231,264,525
2008 $1,738,453,600 $14,586,253,383
2007 $1,706,190,450 -
2006 $1,590,463,100 -
2005 $1,474,298,400 -
2004 $1,400,202,000 -
2003 $1,308,280,250 -
2002 $1,243,912,050 -
2001 $1,172,045,150 -
2000 $1,138,138,100 -
1999 $999,713,050 -
1998 $929,047,000 -
1997 $872,916,050 -
1996 $850,339,100 -
1995 $818,590,250 -
1994 $771,838,000 -
1993 $752,255,150 -
1992 $695,741,150 -
1991 $596,682,100 -
1990 $546,750,912 -
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/south-sudan | CC BY

GDP per capita in Belize vs South Sudan by year

Belize
GDP per capita

GDP per capita, PPP
South Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize South Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,681 $14,347 - -
2023 $7,425 $13,730 - -
2022 $7,068 $13,461 - -
2021 $6,143 $11,716 - -
2020 $5,239 $9,639 - -
2019 $6,172 $10,500 - -
2018 $6,012 $9,497 - -
2017 $6,072 $9,121 - -
2016 $6,141 $9,399 - -
2015 $6,155 $9,538 $1,080 $1,155
2014 $6,128 $9,490 $1,243 $1,373
2013 $5,957 $9,526 $1,650 $1,917
2012 $5,733 $9,303 $1,109 $1,417
2011 $5,596 $9,722 $1,449 $2,718
2010 $5,461 $9,748 $1,498 $2,948
2009 $5,400 $9,728 $1,323 $2,911
2008 $5,712 $9,975 $1,654 $2,887
2007 $5,762 $10,226 - -
2006 $5,525 $9,910 - -
2005 $5,270 $9,466 - -
2004 $5,154 $9,245 - -
2003 $4,960 $8,850 - -
2002 $4,859 $8,154 - -
2001 $4,719 $7,852 - -
2000 $4,727 $7,544 - -
1999 $4,290 $6,790 - -
1998 $4,126 $6,333 - -
1997 $4,014 $6,243 - -
1996 $4,043 $6,087 - -
1995 $4,010 $6,091 - -
1994 $3,877 $6,073 - -
1993 $3,860 $6,075 - -
1992 $3,643 $5,706 - -
1991 $3,190 $5,053 - -
1990 $2,986 $4,467 - -
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/south-sudan | CC BY

Belize's GDP per capita is $7,681, ranking 98/197, compared to $1,080 in South Sudan, ranking 175/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while South Sudan ranks 197th at $1,155.

Economic indicators

Belize South Sudan
Gross domestic product
$3.2B
2024
$12B
2015
GDP rank
168/197
2024
149/197
2015
GDP growth
3.5%
2023-2024
-10.8%
2014-2015
GDP per capita
$7,681
2024
$1,080
2015
GDP per capita rank
98/197
2024
175/197
2015
GDP per capita, PPP
$14,347
2024
$1,155
2015
GDP per capita PPP rank
117/197
2024
197/197
2015
Government debt
$2.1B
2024
$7.04B
2015
Debt-to-GDP ratio
65.4%
2024
50.7%
2024
Government debt per person
$5,026
2024
$633
2015
Government debt per person rank
78/185
2024
158/185
2015
Average annual personal income after taxes
$9,204
2026
$1,305
2026
Number of billionaires
1
2025
n/a
Income share by richest 10%
30%
2018
33%
2016
Income share by poorest 10%
2.2%
2018
1.8%
2016
Government expenditure, % of GDP
26.3%
2024
18.1%
2024
Consumer prices inflation
3.3%
2023-2024
91.4%
2023-2024
Central bank interest rate n/a
15%
2023
Unemployment rate
29.3%
2020
12.3%
2008
Population
430409
12507858

Spending and national debt comparison by year

Belize
Spending

Debt
South Sudan
Spending

Debt
1x
Year % of GDP
Belize South Sudan
Government spending Government debt Government spending Government debt
2024 26.3% 65.4% 18.1% 50.7%
2023 25.8% 67.5% 21.4% 51.9%
2022 23.4% 66.8% 29.4% 37.3%
2021 25.7% 82.2% 44.1% 50.2%
2020 33.2% 103% 34.1% 49%
2019 27.5% 78.6% 47.9% 43.1%
2018 26.9% 79% 54.5% 77.6%
2017 27.7% 78.1% 97% 178.3%
2016 27.7% 70.5% 66.5% 164.7%
2015 27.9% 65.1% 34% 58.6%
2014 24.8% 61.5% 35.8% 37.7%
2013 23.8% 62.8% 25.3% 17.6%
2012 22.1% 63.1% 31.6% 8.91%
2011 23.5% 66.2% 20.8% -
2010 23.3% 68.4% - -
2009 23.2% 69.7% - -
2008 21.8% 64.7% - -
2007 22.1% 66.4% - -
2006 21.2% 71.4% - -
2005 21.4% 72.7% - -
2004 21.7% 70.7% - -
2003 24.6% 67.2% - -
2002 24.4% 53.2% - -
2001 25.9% 49.5% - -
2000 23.2% 79% - -
1999 23.6% 41.5% - -
1998 20.9% 38.7% - -
1997 19.9% 39.4% - -
1996 19.9% 38.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-02-20).

GeoRank.org/economy/belize/south-sudan | CC BY

In 2024, Belize's government spending was $842M, accounting for 26.3% of its GDP, while South Sudan spent $4.08B, or 18.1% of GDP.

Debt-to-GDP ratio is 65.4% in Belize and 50.7% in South Sudan, ranking 67/185 and 105/185, respectively.

Government deficit by year

Deficit/surplus
Belize

South Sudan
1x
Year Deficit/surplus, % of GDP
Belize South Sudan
2024 -1.23% 11.7%
2023 -2.42% 8.04%
2022 -1.04% 4.48%
2021 -3.29% -9.3%
2020 -8.57% -5.5%
2019 -2.9% 0.04%
2018 -1.37% -1.06%
2017 -3.48% 9.56%
2016 -4.47% -19.8%
2015 -5.14% -16.4%
2014 -1.72% -9.07%
2013 -1.21% -3.45%
2012 -0.22% -14.8%
2011 -1.06% 4.57%
2010 -1.9% -
2009 -2.46% -
2008 1.25% -
2007 -0.19% -
2006 -2.27% -
2005 -3.7% -
2004 -4.52% -
2003 -8.41% -
2002 -5.41% -
2001 -7.23% -
2000 -6.68% -
1999 -6.51% -
1998 -2.69% -
1997 -1.81% -
1996 -1.76% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1996–2024, retrieved 2026-02-20).

GeoRank.org/economy/belize/south-sudan | CC BY

In 2015, Belize's government deficit, the difference between spending and revenue, was $113M, equivalent to 5.14% of GDP. This compares to South Sudan's deficit of $1.97B, or 16.4% of GDP.

Over the past 5 years, Belize recorded a fiscal deficit in 5 of those years, while South Sudan ran a deficit in 4 years. On average, Belize posted an annual deficit equal to 1.87% of GDP, compared to deficit of 7.83% of GDP for South Sudan.

Inflation comparison by year

Inflation
Belize

South Sudan
1x
Year Consumer prices inflation
Belize South Sudan
2024 3.3% 91.4%
2023 4.4% 2.38%
2022 6.3% -6.69%
2021 3.2% 10.5%
2020 0.1% 29.7%
2019 0.2% 87.2%
2018 0.3% 83.5%
2017 1.1% 187.9%
2016 0.7% 380%
2015 -0.9% 52.8%
2014 1.2% 1.67%
2013 0.5% -0.06%
2012 1.2% 45.5%
2011 1.7% 46.9%
2010 0.9% 1.17%
2009 -1.1% 5.01%
2008 6.4% -
2007 2.3% -
2006 4.2% -
2005 3.7% -
2004 3.1% -
2003 2.6% -
2002 2.2% -
2001 1.1% -
2000 0.6% -
1999 -1.2% -
1998 -0.8% -
1997 1% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2009–2024, retrieved 2026-04-06).

GeoRank.org/economy/belize/south-sudan | CC BY

Over the past 16 years, Belize has recorded an average annual inflation rate of 1.44%, compared with 63.7% in South Sudan. In 2024, inflation was 3.3% in Belize and 91.4% in South Sudan.

Balance of trade

Belize South Sudan
Current account balance
-$51.7M
2024
$578M
2023
Current account balance ranking
84/190
2024
60/190
2023
Current account balance, % of GDP
-1.61%
2024
-4.17%
2015
Goods imports
$1.36B
2024
$2.25B
2023
Goods exports
$482M
2024
$4.01B
2023
Service imports
$362M
2024
$2.19B
2023
Service exports
$1.16B
2024
$484M
2023
Imports of goods and services, % of GDP
53.7%
2024
28.9%
2015
Exports of goods and services, % of GDP
55.2%
2024
36.7%
2015

Economic freedom indices

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

Belize South Sudan
Economic freedom 64.7 41
Economic freedom ranking 71/197 186/197
Property rights 46.3 n/a
Government integrity 46.2 n/a
Judicial effectiveness 73.9 n/a
Tax burden 81.8 n/a
Government spending 81 n/a
Fiscal health 87.5 n/a
Business freedom 67.2 n/a
Labor freedom 57.6 n/a
Monetary freedom 72.6 n/a
Trade freedom 57.8 n/a
Investment freedom 55 n/a
Financial freedom 50 n/a

Other economic metrics

Belize South Sudan
Services, % of GDP
62.4%
2024
56.6%
2015
Industry, % of GDP
14.6%
2024
33.1%
2015
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
10.4%
2015
GNI, Atlas method
$2.98B
2024
$11.7B
2015
GNI per capita, PPP
$13,760
2024
$1,010
2015
Total reserves including gold
$498M
2024
$72.9M
2023
Total reserves ranking
156/177
2024
175/177
2023
Net foreign direct investment
-$126M
2024
$2.21M
2019
Net inflows of foreign direct investment
$128M
2024
$83.4M
2024
Net outflows of foreign direct investment
$2.61M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
n/a
Poverty at national poverty lines
52%
2018
66%
2020
Gross capital formation, % of GDP
19.8%
2024
5.75%
2015

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/south-sudan | 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 (1996–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.