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Economy of Belize vs Zimbabwe compared: GDP & Debt

Updated on by Georank

Belize has a GDP of $3.33B compared to $51.2B for Zimbabwe, ranking 170/197 and 95/197 by economy size, respectively.

Belize has $2.26B in government debt (67.9% of GDP), compared to $22.4B (43.8% of GDP) in Zimbabwe.

Belize vs Zimbabwe GDP by year

Belize
Zimbabwe
1x
Year GDP, current $
Belize Zimbabwe
2025 $3,326,500,000 $51,215,643,906
2024 $3,203,631,800 $41,521,975,830
2023 $3,052,362,650 $35,871,781,303
2022 $2,846,604,350 $40,757,585,309
2021 $2,428,606,250 $41,287,852,524
2020 $2,047,284,600 $31,979,753,645
2019 $2,381,187,850 $33,360,632,553
2018 $2,285,915,050 $34,141,666,667
2017 $2,266,028,250 $51,035,657,371
2016 $2,239,604,950 $20,559,250,000
2015 $2,193,095,150 $19,973,250,000
2014 $2,138,242,200 $19,505,500,000
2013 $2,035,191,450 $19,100,750,000
2012 $1,917,083,500 $17,123,500,000
2011 $1,831,576,700 $14,109,000,000
2010 $1,748,988,400 $12,047,750,000
2009 $1,688,012,750 $9,670,750,000
2008 $1,738,453,600 $4,418,000,000
2007 $1,706,190,450 $5,294,750,000
2006 $1,590,463,100 $5,446,750,000
2005 $1,474,298,400 $5,758,250,000
2004 $1,400,202,000 $5,808,500,000
2003 $1,308,280,250 $5,730,500,000
2002 $1,243,912,050 $6,345,250,000
2001 $1,172,045,150 $6,780,750,000
2000 $1,138,138,100 $6,693,250,000
1999 $999,713,050 $6,861,500,000
1998 $929,047,000 $6,405,250,000
1997 $872,916,050 $8,534,000,000
1996 $850,339,100 $8,557,500,000
1995 $818,590,250 $7,115,000,000
1994 $771,838,000 $6,894,250,000
1993 $752,255,150 $6,567,250,000
1992 $695,741,150 $6,755,000,000
1991 $596,682,100 $8,646,000,000
1990 $546,750,912 $8,788,301,546
1989 $491,100,000 $8,290,553,535
1988 $421,450,000 $7,818,774,177
1987 $371,100,000 $6,744,657,033
1986 $311,500,000 $6,220,698,247
1985 $287,300,000 $5,640,137,575
1984 $290,350,000 $6,355,369,172
1983 $262,150,000 $7,768,031,182
1982 $248,550,000 $8,544,060,905
1981 $260,750,000 $8,015,464,252
1980 $257,400,000 $6,682,278,300
1979 $151,800,000 $5,180,102,910
1978 $136,300,000 $4,353,822,343
1977 $117,650,000 $4,366,610,469
1976 $97,094,227 $4,320,576,877
1975 $118,194,026 $4,373,532,601
1974 $103,160,450 $3,984,194,614
1973 $78,214,768 $3,311,043,292
1972 $65,998,069 $2,679,096,597
1971 $59,074,687 $2,179,828,710
1970 $53,339,893 $1,885,168,339
1969 $47,399,905 $1,748,891,294
1968 $44,999,910 $1,480,355,355
1967 $47,431,256 $1,397,715,282
1966 $44,450,044 $1,282,403,936
1965 $40,110,040 $1,312,105,394
1964 $36,194,586 $1,217,759,447
1963 $33,750,114 $1,160,103,724
1962 $31,857,592 $1,118,172,226
1961 $29,965,000 $1,097,206,526
1960 $28,072,478 $1,053,528,036

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

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

GDP per capita in Belize vs Zimbabwe by year

Belize
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belize Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,865 - $3,021 -
2024 $7,681 $14,347 $2,496 $5,928
2023 $7,425 $13,730 $2,195 $5,791
2022 $7,068 $13,461 $2,536 $5,396
2021 $6,143 $11,716 $2,614 $4,827
2020 $5,239 $9,639 $2,060 $4,179
2019 $6,172 $10,500 $2,185 $4,166
2018 $6,012 $9,497 $2,271 $3,993
2017 $6,072 $9,121 $3,445 $10,756
2016 $6,141 $9,399 $1,408 $4,275
2015 $6,155 $9,538 $1,387 $4,046
2014 $6,128 $9,490 $1,373 $3,903
2013 $5,957 $9,526 $1,363 $3,784
2012 $5,733 $9,303 $1,239 $3,472
2011 $5,596 $9,722 $1,038 $3,047
2010 $5,461 $9,748 $902 $2,661
2009 $5,400 $9,728 $736 $2,233
2008 $5,712 $9,975 $341 $1,987
2007 $5,762 $10,226 $414 $2,396
2006 $5,525 $9,910 $431 $2,454
2005 $5,270 $9,466 $461 $2,496
2004 $5,154 $9,245 $470 $2,591
2003 $4,960 $8,850 $468 $2,708
2002 $4,859 $8,154 $525 $3,238
2001 $4,719 $7,852 $566 $3,533
2000 $4,727 $7,544 $563 $3,429
1999 $4,290 $6,790 $582 $3,491
1998 $4,126 $6,333 $552 $3,527
1997 $4,014 $6,243 $751 $3,457
1996 $4,043 $6,087 $767 $3,372
1995 $4,010 $6,091 $648 $3,051
1994 $3,877 $6,073 $634 $3,012
1993 $3,860 $6,075 $605 $2,703
1992 $3,643 $5,706 $631 $2,651
1991 $3,190 $5,053 $831 $2,930
1990 $2,986 $4,467 $867 $2,757
1989 $2,742 - $840 -
1988 $2,406 - $816 -
1987 $2,166 - $726 -
1986 $1,859 - $693 -
1985 $1,754 - $649 -
1984 $1,814 - $757 -
1983 $1,677 - $959 -
1982 $1,629 - $1,096 -
1981 $1,753 - $1,069 -
1980 $1,774 - $949 -
1979 $1,071 - $779 -
1978 $983 - $665 -
1977 $866 - $677 -
1976 $729 - $687 -
1975 $906 - $717 -
1974 $805 - $674 -
1973 $619 - $579 -
1972 $529 - $483 -
1971 $481 - $406 -
1970 $442 - $361 -
1969 $402 - $346 -
1968 $392 - $302 -
1967 $426 - $294.4 -
1966 $412 - $278.7 -
1965 $383 - $294.3 -
1964 $356 - $281.9 -
1963 $342 - $277.1 -
1962 $332 - $275.7 -
1961 $320 - $279.2 -
1960 $307 - $276.6 -

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

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

Belize's GDP per capita is $7,865, ranking 99/197, compared to $3,021 in Zimbabwe, ranking 146/197. Adjusted for purchasing power (GDP per capita PPP), Belize ranks 117th at $14,347, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Belize Zimbabwe
Gross domestic product
$3.33B
2025
$51.2B
2025
GDP rank
170/197
2025
95/197
2025
GDP growth
2.75%
2024-2025
8.11%
2024-2025
GDP per capita
$7,865
2025
$3,021
2025
GDP per capita rank
99/197
2025
146/197
2025
GDP per capita, PPP
$14,347
2024
$5,928
2024
GDP per capita PPP rank
117/197
2024
154/197
2024
Government debt
$2.26B
2025
$22.4B
2025
Debt-to-GDP ratio
67.9%
2025
43.8%
2025
Government debt per person
$5,339
2025
$1,322
2025
Government debt per person rank
81/185
2025
134/185
2025
Average annual personal income after taxes
$5,278
2026
$2,800
2026
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires
1
2026
1
2026
Income share by richest 10%
30%
2018
40.5%
2019
Income share by poorest 10%
2.2%
2018
1.9%
2019
Government expenditure, % of GDP
25.9%
2025
15.5%
2025
Consumer prices inflation
1.1%
2024-2025
81.4%
2024-2025
Central bank interest rate n/a
35%
2024
Unemployment rate
29.3%
2020
12.1%
2024
Population
431659
17443108

Spending and national debt comparison by year

Belize
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Belize Zimbabwe
Government spending Government debt Government spending Government debt
2025 25.9% 67.9% 15.5% 43.8%
2024 26.8% 65.4% 13.7% 70.4%
2023 25.8% 67.5% 21.1% 76.1%
2022 23.4% 66.8% 12.1% 66.8%
2021 25.7% 82.2% 12.4% 39.9%
2020 33.2% 103% 8.4% 56.8%
2019 27.5% 78.6% 7.7% 53.9%
2018 26.9% 79% 14.6% 33%
2017 27.7% 78.1% 21.1% 49%
2016 27.7% 70.5% 17% 35.1%
2015 27.9% 65.1% 14.9% 34.1%
2014 24.8% 61.5% 14.2% 29.2%
2013 23.8% 62.8% 15.2% 26.4%
2012 22.1% 63.1% 14.8% 27.2%
2011 23.5% 66.2% 16.5% 30%
2010 23.3% 68.4% 13.1% 33.2%
2009 23.2% 69.7% 8.02% 39.7%
2008 21.8% 64.7% 2.57% 41.3%
2007 22.1% 66.4% 3.46% 30.2%
2006 21.2% 71.4% 5.79% 26.7%
2005 21.4% 72.7% 10.6% 22.4%
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 (1996–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1996–2000, retrieved 2026-07-08).

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

In 2025, Belize's government spending was $861M, accounting for 25.9% of its GDP, while Zimbabwe spent $7.92B, or 15.5% of GDP.

Debt-to-GDP ratio is 67.9% in Belize and 43.8% in Zimbabwe, ranking 61/185 and 120/185, respectively.

Government deficit by year

Deficit/surplus
Belize

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Belize Zimbabwe
2025 -0.96% 0.08%
2024 -1.52% -0.76%
2023 -2.42% -9.45%
2022 -1.04% -1%
2021 -3.29% -1.83%
2020 -8.57% 0.53%
2019 -2.9% -0.06%
2018 -1.37% -4.55%
2017 -3.48% -8.68%
2016 -4.47% -4.99%
2015 -5.14% -1.61%
2014 -1.72% -0.87%
2013 -1.21% -1.21%
2012 -0.22% -0.35%
2011 -1.06% -1.98%
2010 -1.9% -0.4%
2009 -2.46% -1.48%
2008 1.25% -1.22%
2007 -0.19% -1.71%
2006 -2.27% -1.46%
2005 -3.7% -3.58%
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 (1996–2025, retrieved 2026-07-08).

GeoRank.org/economy/belize/zimbabwe | 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 Zimbabwe's surplus of $41.9M, or 0.08% of GDP.

Over the past 21 years, Belize recorded a fiscal deficit in 20 of those years, while Zimbabwe ran a deficit in 19 years. On average, Belize posted an annual deficit equal to 2.32% of GDP, compared to deficit of 2.22% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Belize

Zimbabwe
1x
Year Consumer prices inflation
Belize Zimbabwe
2025 1.1% 81.4%
2024 3.3% 736%
2023 4.4% 667%
2022 6.3% 193.4%
2021 3.2% 98.5%
2020 0.1% 557%
2019 0.2% 255.3%
2018 0.3% 10.6%
2017 1.1% 0.9%
2016 0.7% -1.6%
2015 -0.9% -2.4%
2014 1.2% -0.2%
2013 0.5% 1.6%
2012 1.2% 3.7%
2011 1.7% 3.5%
2010 0.9% 3%
2009 -1.1% 6.2%
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 (1997–2025, retrieved 2026-07-08).

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

Over the past 17 years, Belize has recorded an average annual inflation rate of 1.42%, compared with 153.8% in Zimbabwe. In 2025, inflation was 1.1% in Belize and 81.4% in Zimbabwe.

Balance of trade

Belize Zimbabwe
Current account balance
-$92.3M
2025
$501M
2024
Current account balance ranking
80/190
2025
59/190
2024
Current account balance, % of GDP
-2.77%
2025
+1.21%
2024
Goods imports
$1.38B
2025
$9.06B
2024
Goods exports
$443M
2025
$7.79B
2024
Service imports
$352M
2025
$1.66B
2024
Service exports
$1.21B
2025
$457M
2024
Imports of goods and services, % of GDP
53.7%
2024
23.4%
2024
Exports of goods and services, % of GDP
55.2%
2024
18.1%
2024

Economic freedom indices

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

Belize Zimbabwe
Economic freedom 64.7 35.2
Economic freedom ranking 71/197 190/197
Property rights 46.3 19.4
Government integrity 46.2 20.7
Judicial effectiveness 73.9 16.8
Tax burden 81.8 73.6
Government spending 81 93.9
Fiscal health 87.5 52.4
Business freedom 67.2 42
Labor freedom 57.6 33.3
Monetary freedom 72.6 0
Trade freedom 57.8 50.4
Investment freedom 55 10
Financial freedom 50 10

Economic freedom comparison by year

Belize
Zimbabwe
1x
Year Economic freedom index
Belize Zimbabwe
2026 64.7 35.2
2025 64.2 35.1
2024 61.2 38.2
2023 59.8 39
2022 56.6 33.1
2021 57.5 39.5
2020 57.4 43.1
2019 55.4 40.4
2018 57.1 44
2017 58.6 44
2016 57.4 38.2
2015 56.8 37.6
2014 56.7 35.5
2013 57.3 28.6
2012 61.9 26.3
2011 63.8 22.1
2010 61.5 21.4
2009 63 22.7
2008 63 29.5
2007 63.3 32
2006 64.7 33.5
2005 64.5 35.2
2004 62.8 34.4
2003 63.5 36.7
2002 65.6 36.7
2001 65.9 38.8
2000 63.3 48.7
1999 60.7 47.2
1998 59.1 44.6
1997 64.3 48
1996 61.6 46.7
1995 62.9 48.5

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

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

The Economic Freedom Index for Belize is 64.7, ranking 71/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belize Zimbabwe
Services, % of GDP
62.4%
2024
48.2%
2025
Industry, % of GDP
14.6%
2024
37.1%
2025
Agriculture, forestry, and fishing, % of GDP
7.95%
2024
9.47%
2025
GNI, Atlas method
$3.19B
2025
$45B
2025
GNI per capita, PPP
$14,230
2025
$6,390
2025
Total reserves including gold
$559M
2025
$485M
2024
Total reserves ranking
156/177
2025
159/177
2024
Net foreign direct investment
$1.15M
2025
-$465M
2024
Net inflows of foreign direct investment
$128M
2024
$465M
2024
Net outflows of foreign direct investment
$2.61M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
4.15%
2024
3.44%
2024
Poverty at national poverty lines
52%
2018
38.3%
2019
Gross capital formation, % of GDP
19.8%
2024
8.85%
2024

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/zimbabwe | 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 (1996–2025, 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.