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Economy of Belize vs Syria compared: GDP & Debt

Updated on by Georank

Belize has a GDP of $3.33B compared to $20B for Syria, ranking 170/197 and 134/197 by economy size, respectively.

Belize has $2.26B in government debt (67.9% of GDP), compared to $18.4B (30% of GDP) in Syria.

Belize vs Syria GDP by year

Belize
Syria
1x
Year GDP, current $
Belize Syria
2025 $3,326,500,000 -
2024 $3,203,631,800 -
2023 $3,052,362,650 $19,993,439,950
2022 $2,846,604,350 $23,737,634,644
2021 $2,428,606,250 $14,892,885,528
2020 $2,047,284,600 $12,501,503,673
2019 $2,381,187,850 $22,583,046,645
2018 $2,285,915,050 $21,497,779,248
2017 $2,266,028,250 $16,369,842,725
2016 $2,239,604,950 $12,597,854,088
2015 $2,193,095,150 $16,466,861,435
2014 $2,138,242,200 $21,502,061,466
2013 $2,035,191,450 $21,361,254,635
2012 $1,917,083,500 $43,190,318,033
2011 $1,831,576,700 $67,539,433,544
2010 $1,748,988,400 $61,390,833,273
2009 $1,688,012,750 $54,111,721,044
2008 $1,738,453,600 $52,557,913,397
2007 $1,706,190,450 $40,465,331,020
2006 $1,590,463,100 $33,751,812,959
2005 $1,474,298,400 $28,858,937,499
2004 $1,400,202,000 $25,086,910,448
2003 $1,308,280,250 $21,828,144,686
2002 $1,243,912,050 $20,786,986,580
2001 $1,172,045,150 $20,078,599,626
2000 $1,138,138,100 $18,937,031,610
1999 $999,713,050 $15,873,875,969
1998 $929,047,000 $15,200,846,154
1997 $872,916,050 $14,505,233,463
1996 $850,339,100 $13,789,560,878
1995 $818,590,250 $11,396,706,587
1994 $771,838,000 $10,122,020,000
1993 $752,255,150 $13,695,962,055
1992 $695,741,150 $13,253,565,861
1991 $596,682,100 $12,981,833,333
1990 $546,750,912 $12,308,624,418
1989 $491,100,000 $9,853,395,762
1988 $421,450,000 $10,577,041,645
1987 $371,100,000 $11,356,215,543
1986 $311,500,000 $13,293,205,278
1985 $287,300,000 $16,403,539,893
1984 $290,350,000 $17,503,078,174
1983 $262,150,000 $17,589,277,143
1982 $248,550,000 $16,298,929,011
1981 $260,750,000 $15,518,201,335
1980 $257,400,000 $13,062,420,382
1979 $151,800,000 $9,929,681,529
1978 $136,300,000 $9,275,200,458
1977 $117,650,000 $7,696,011,396
1976 $97,094,227 $7,633,528,867
1975 $118,194,026 $6,826,980,444
1974 $103,160,450 $5,159,557,148
1973 $78,214,768 $3,239,487,516
1972 $65,998,069 $3,059,681,698
1971 $59,074,687 $2,589,851,325
1970 $53,339,893 $2,140,384,010
1969 $47,399,905 $2,245,011,515
1968 $44,999,910 $1,753,746,430
1967 $47,431,256 $1,580,229,799
1966 $44,450,044 $1,342,287,553
1965 $40,110,040 $1,472,036,540
1964 $36,194,586 $1,339,494,267
1963 $33,750,114 $1,200,447,408
1962 $31,857,592 $1,110,565,881
1961 $29,965,000 $945,244,972
1960 $28,072,478 $857,704,413

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

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

GDP per capita in Belize vs Syria by year

Belize
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,865 - - -
2024 $7,681 $14,347 - -
2023 $7,425 $13,730 $847 $4,650
2022 $7,068 $13,461 $1,057 $4,772
2021 $6,143 $11,716 $689 $4,593
2020 $5,239 $9,639 $594 $3,738
2019 $6,172 $10,500 $1,110 $3,502
2018 $6,012 $9,497 $1,098 $3,456
2017 $6,072 $9,121 $852 $3,265
2016 $6,141 $9,399 $656 -
2015 $6,155 $9,538 $848 -
2014 $6,128 $9,490 $1,061 -
2013 $5,957 $9,526 $986 -
2012 $5,733 $9,303 $1,898 -
2011 $5,596 $9,722 $2,952 -
2010 $5,461 $9,748 $2,731 -
2009 $5,400 $9,728 $2,462 -
2008 $5,712 $9,975 $2,429 -
2007 $5,762 $10,226 $1,938 -
2006 $5,525 $9,910 $1,719 -
2005 $5,270 $9,466 $1,534 -
2004 $5,154 $9,245 $1,368 -
2003 $4,960 $8,850 $1,220 -
2002 $4,859 $8,154 $1,190 -
2001 $4,719 $7,852 $1,178 -
2000 $4,727 $7,544 $1,138 -
1999 $4,290 $6,790 $978 -
1998 $4,126 $6,333 $961 -
1997 $4,014 $6,243 $941 -
1996 $4,043 $6,087 $918 -
1995 $4,010 $6,091 $780 -
1994 $3,877 $6,073 $712 -
1993 $3,860 $6,075 $993 -
1992 $3,643 $5,706 $990 -
1991 $3,190 $5,053 $1,000 -
1990 $2,986 $4,467 $978 -
1989 $2,742 - $809 -
1988 $2,406 - $898 -
1987 $2,166 - $997 -
1986 $1,859 - $1,208 -
1985 $1,754 - $1,544 -
1984 $1,814 - $1,706 -
1983 $1,677 - $1,776 -
1982 $1,629 - $1,703 -
1981 $1,753 - $1,676 -
1980 $1,774 - $1,458 -
1979 $1,071 - $1,146 -
1978 $983 - $1,108 -
1977 $866 - $951 -
1976 $729 - $976 -
1975 $906 - $904 -
1974 $805 - $707 -
1973 $619 - $459 -
1972 $529 - $448 -
1971 $481 - $393 -
1970 $442 - $335 -
1969 $402 - $364 -
1968 $392 - $293.3 -
1967 $426 - $272.9 -
1966 $412 - $239.3 -
1965 $383 - $270.8 -
1964 $356 - $254.2 -
1963 $342 - $234.9 -
1962 $332 - $223.9 -
1961 $320 - $196.3 -
1960 $307 - $183.5 -

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

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

Belize's GDP per capita is $7,865, ranking 99/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Syria ranks 160th at $4,650.

Economic indicators

Belize Syria
Gross domestic product
$3.33B
2025
$20B
2023
GDP rank
170/197
2025
134/197
2023
GDP growth
2.75%
2024-2025
-1.85%
2022-2023
GDP per capita
$7,865
2025
$847
2023
GDP per capita rank
99/197
2025
185/197
2023
GDP per capita, PPP
$14,347
2024
$4,650
2023
GDP per capita PPP rank
117/197
2024
160/197
2023
Government debt
$2.26B
2025
$18.4B
2010
Debt-to-GDP ratio
67.9%
2025
30%
2010
Government debt per person
$5,339
2025
$820
2010
Government debt per person rank
81/185
2025
150/185
2010
Average annual personal income after taxes
$5,278
2026
$693
2026
Number of billionaires
1
2026
n/a
Income share by richest 10%
30%
2018
20.9%
2022
Income share by poorest 10%
2.2%
2018
3.8%
2022
Government expenditure, % of GDP
25.9%
2025
28.6%
2010
Consumer prices inflation
1.1%
2024-2025
13.4%
2018-2019
Unemployment rate
29.3%
2020
14.9%
2011
Population
431659
26956472

Spending and national debt comparison by year

Belize
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
Belize Syria
Government spending Government debt Government spending Government debt
2025 25.9% 67.9% - -
2024 26.8% 65.4% - -
2023 25.8% 67.5% - -
2022 23.4% 66.8% - -
2021 25.7% 82.2% - -
2020 33.2% 103% - -
2019 27.5% 78.6% - -
2018 26.9% 79% - -
2017 27.7% 78.1% - -
2016 27.7% 70.5% - -
2015 27.9% 65.1% - -
2014 24.8% 61.5% - -
2013 23.8% 62.8% - -
2012 22.1% 63.1% - -
2011 23.5% 66.2% - -
2010 23.3% 68.4% 28.6% 30%
2009 23.2% 69.7% 26.7% 31.2%
2008 21.8% 64.7% 22.9% 37.3%
2007 22.1% 66.4% 25.7% 42.7%
2006 21.2% 71.4% 26.3% 45%
2005 21.4% 72.7% 28.2% 50.7%
2004 21.7% 70.7% 31.3% 113%
2003 24.6% 67.2% 32.6% 133.4%
2002 24.4% 53.2% 28.5% 132.4%
2001 25.9% 49.5% 28% 144.5%
2000 23.2% 79% 27.4% 152.1%
1999 23.6% 41.5% 28% 147.7%
1998 20.9% 38.7% 28.8% 151.2%
1997 19.9% 39.4% 29% 147.6%
1996 19.9% 38.4% 27.7% 141.5%
1995 - - 29.8% 152.6%
1994 - - 30.3% 163%
1993 - - 29.4% 171.9%
1992 - - 34.2% 173.6%
1991 - - 34.3% 182.4%
1990 - - 28.3% 189.8%

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/syria | CC BY

In 2025, Belize's government spending was $861M, accounting for 25.9% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 67.9% in Belize and 30% in Syria, ranking 61/185 and 155/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Syria
1x
Year Deficit/surplus, % of GDP
Belize Syria
2025 -0.96% -
2024 -1.52% -
2023 -2.42% -
2022 -1.04% -
2021 -3.29% -
2020 -8.57% -
2019 -2.9% -
2018 -1.37% -
2017 -3.48% -
2016 -4.47% -
2015 -5.14% -
2014 -1.72% -
2013 -1.21% -
2012 -0.22% -
2011 -1.06% -
2010 -1.9% -7.79%
2009 -2.46% -2.89%
2008 1.25% -2.86%
2007 -0.19% -2.99%
2006 -2.27% -1.12%
2005 -3.7% -4.41%
2004 -4.52% -4.18%
2003 -8.41% -2.7%
2002 -5.41% -2.02%
2001 -7.23% 2.3%
2000 -6.68% -1.36%
1999 -6.51% -1.47%
1998 -2.69% -2.81%
1997 -1.81% -1.78%
1996 -1.76% -2.83%
1995 - -3.81%
1994 - -6%
1993 - -4.96%
1992 - -7.26%
1991 - -6.57%
1990 - -3.92%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2010, Belize's government deficit, the difference between spending and revenue, was $33.3M, equivalent to 1.9% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 15 years, Belize recorded a fiscal deficit in 14 of those years, while Syria ran a deficit in 14 years. On average, Belize posted an annual deficit equal to 3.62% of GDP, compared to deficit of 2.59% of GDP for Syria.

Inflation comparison by year

Inflation
Belize

Syria
1x
Year Consumer prices inflation
Belize Syria
2025 1.1% -
2024 3.3% -
2023 4.4% -
2022 6.3% -
2021 3.2% -
2020 0.1% -
2019 0.2% 13.4%
2018 0.3% 0.94%
2017 1.1% 18.1%
2016 0.7% 47.7%
2015 -0.9% 38.5%
2014 1.2% 10.9%
2013 0.5% 40%
2012 1.2% 36.7%
2011 1.7% 4.75%
2010 0.9% 4.4%
2009 -1.1% 2.92%
2008 6.4% 15.7%
2007 2.3% 3.91%
2006 4.2% 10%
2005 3.7% 7.24%
2004 3.1% 4.43%
2003 2.6% 5.8%
2002 2.2% -0.13%
2001 1.1% 3%
2000 0.6% -3.85%
1999 -1.2% -3.7%
1998 -0.8% -0.8%
1997 1% 1.89%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2019, retrieved 2026-07-08).

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

Over the past 23 years, Belize has recorded an average annual inflation rate of 1.35%, compared with 11.4% in Syria. In 2019, inflation was 1.1% in Belize and 13.4% in Syria.

Balance of trade

Belize Syria
Current account balance
-$92.3M
2025
-$367M
2010
Current account balance ranking
80/190
2025
99/190
2010
Current account balance, % of GDP
-2.77%
2025
-0.6%
2010
Goods imports
$1.38B
2025
$15.9B
2010
Goods exports
$443M
2025
$12.3B
2010
Service imports
$352M
2025
$3.53B
2010
Service exports
$1.21B
2025
$7.33B
2010
Imports of goods and services, % of GDP
53.7%
2024
28.7%
2022
Exports of goods and services, % of GDP
55.2%
2024
6.78%
2022

Economic freedom indices

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

Belize Syria
Economic freedom 64.7 51.2
Economic freedom ranking 71/197 155/197
Property rights 46.3 4
Government integrity 46.2 3.6
Judicial effectiveness 73.9 3.7
Tax burden 81.8 87.3
Government spending 81 78.5
Fiscal health 87.5 13.8
Business freedom 67.2 33.8
Labor freedom 57.6 37.2
Monetary freedom 72.6 80
Trade freedom 57.8 47
Investment freedom 55 0
Financial freedom 50 20

Economic freedom comparison by year

Belize
Syria
1x
Year Economic freedom index
Belize Syria
2026 64.7 -
2025 64.2 -
2024 61.2 -
2023 59.8 -
2022 56.6 -
2021 57.5 -
2020 57.4 -
2019 55.4 -
2018 57.1 -
2017 58.6 -
2016 57.4 -
2015 56.8 -
2014 56.7 -
2013 57.3 -
2012 61.9 51.2
2011 63.8 51.3
2010 61.5 49.4
2009 63 51.3
2008 63 47.2
2007 63.3 48.3
2006 64.7 51.2
2005 64.5 46.3
2004 62.8 40.6
2003 63.5 41.3
2002 65.6 36.3
2001 65.9 36.6
2000 63.3 37.2
1999 60.7 39
1998 59.1 42.2
1997 64.3 43
1996 61.6 42.3
1995 62.9 -

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Syria
Services, % of GDP
62.4%
2024
44.7%
2022
Industry, % of GDP
14.6%
2024
11.9%
2022
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
42.9%
2022
GNI, Atlas method
$3.19B
2025
$18.2B
2023
GNI per capita, PPP
$14,230
2025
$4,480
2023
Total reserves including gold
$559M
2025
$20.6B
2010
Total reserves ranking
156/177
2025
66/177
2010
Net foreign direct investment
$1.15M
2025
-$1.47B
2010
Net inflows of foreign direct investment
$128M
2024
$0
2024
Net outflows of foreign direct investment
$2.61M
2024
$0
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
0.15%
2023
Poverty at national poverty lines
52%
2018
35.2%
2007
Gross capital formation, % of GDP
19.8%
2024
16%
1969

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/syria | CC BY

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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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.