Countries
Belize
Key Economic Indicators
$5.98 billion
$14,347
3.5%
3.29%
8.86%
$3.516 billion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$-51,664,979
Economic Overview
tourism- and agriculture-driven economy; strong post-pandemic rebound; innovative and ecological bond restructuring that significantly lowered public debt and expanded marine protections; central bank offering USD-denominated treasury notes; high mobility across borders
All Economic Data
Agricultural products
sugarcane, maize, bananas, sorghum, soybeans, chicken, rice, oranges, fruits, plantains (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$506.316 million (2017 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$554.405 million (2017 est.)
Currency
code:
BZD
name:
Belize dollar (BZD) [$]
Current account balance
$-51,664,979
Current account balance 2022:
-$235.566 million (2022 est.)
Current account balance 2023:
-$19.761 million (2023 est.)
Current account balance 2024:
-$51.762 million (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$1.56 billion
Debt - external 2023:
$1.235 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Belizean dollars (BZD) per US dollar -
Exchange rates 2020:
2 (2020 est.)
Exchange rates 2021:
2 (2021 est.)
Exchange rates 2022:
2 (2022 est.)
Exchange rates 2023:
2 (2023 est.)
Exchange rates 2024:
2 (2024 est.)
Exports
$1.77 billion
Exports 2022:
$1.369 billion (2022 est.)
Exports 2023:
$1.536 billion (2023 est.)
Exports 2024:
$1.64 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
raw sugar, bananas, fish, shellfish, refined petroleum (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
USA 22%, UK 14%, Spain 9%, Guatemala 7%, Portugal 5% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$128.46 million
GDP - composition, by end use
Exports of goods and services:
55.3% (2023 est.)
Government consumption:
15.7% (2023 est.)
Household consumption:
62.9% (2023 est.)
Imports of goods and services:
-51.2% (2023 est.)
Investment in fixed capital:
20.6% (2023 est.)
Investment in inventories:
-2.3% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
8.1% (2023 est.)
Industry:
14.3% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
62.4% (2023 est.)
GDP (official exchange rate)
$3.516 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$7,681
Gini Index coefficient - distribution of family income
53.3 (1999)
Gini Index coefficient - distribution of family income 2018:
39.9 (2018 est.)
Note:
<strong>note:</strong> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$3.07 billion
GNI per capita
$7,150
Gross domestic investment
20 % of GDP
Household income or consumption by percentage share
Highest 10%:
30% (2018 est.)
Lowest 10%:
2.2% (2018 est.)
Note:
<strong>note:</strong> % share of income accruing to lowest and highest 10% of population
Imports
$1.72 billion
Imports 2022:
$1.574 billion (2022 est.)
Imports 2023:
$1.573 billion (2023 est.)
Imports 2024:
$1.724 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, orthopedic appliances, ships, garments, tobacco (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
USA 37%, China 17%, Guatemala 10%, Mexico 8%, Costa Rica 6% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
4.8% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
garment production, food processing, tourism, construction, oil
Inflation rate (consumer prices)
3.29%
Inflation rate (consumer prices) 2022:
6.3% (2022 est.)
Inflation rate (consumer prices) 2023:
4.4% (2023 est.)
Inflation rate (consumer prices) 2024:
3.3% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
190,000 (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
184,286 persons
Labor force - by occupation
agriculture:
16.13%
industry:
15.35%
services:
68.52%
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2017:
99% of GDP (2017 est.)
Real GDP (purchasing power parity)
$5.98 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$5.062 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$5.12 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$5.538 billion (2024 est.)
Real GDP growth rate
3.5%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
9.7% (2022 est.)
Real GDP growth rate 2023:
1.1% (2023 est.)
Real GDP growth rate 2024:
8.2% (2024 est.)
Real GDP per capita
$14,347
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$12,600 (2022 est.)
Real GDP per capita 2023:
$12,500 (2023 est.)
Real GDP per capita 2024:
$13,300 (2024 est.)
Remittances
$154.15 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
5% of GDP (2022 est.)
Remittances 2023:
4.9% of GDP (2023 est.)
Remittances 2024:
4.4% of GDP (2024 est.)
Reserves of foreign exchange and gold
$498.09 million
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$482.146 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$473.729 million (2023 est.)
Reserves of foreign exchange and gold 2024:
$498.087 million (2024 est.)
Taxes and other revenues
21.3% (of GDP) (2017 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
8.86%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
8.8% (2022 est.)
Unemployment rate 2023:
8.3% (2023 est.)
Unemployment rate 2024:
7% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
25.6% (2024 est.)
Male:
10.6% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
16.3% (2024 est.)
World Bank Indicators
Currency
Bahraini dinar (BHD) .. (2025)
Exports (US$)
$41.30B (2024)
FDI Net Inflows (US$)
$2.70B (2024)
GDP Growth (%)
2.60 (2024)
Gdp Nominal
$47.11B (2024)
GDP Per Capita
29,654 (2024)
Govt Debt Pct Gdp
112 (2020)
Imports (US$)
$33.04B (2024)
Inflation Rate (%)
0.92 (2024)
Languages
Arabic (2025)
Reserves
$4.95B (2024)
Unemployment Rate (%)
1.08 (2024)
Youth Unemployment
5.47 (2024)
Economic Rankings
Gini Index
#12
GDP Growth Rate
#20
Unemployment Rate
#52
External Debt
#106
GDP per Capita
#114
Inflation Rate
#134
Reserves
#158
Exports
#163
GDP (Nominal)
#165
Imports
#167
GDP (PPP)
#173
Quick Facts
Industries
garment production, food processing, tourism, construction, oil
Agricultural products
sugarcane, maize, bananas, sorghum, soybeans, chicken, rice, oranges, fruits, plantains (2023)
Labor force
190,000 (2024 est.)
Exports - partners
USA 22%, UK 14%, Spain 9%, Guatemala 7%, Portugal 5% (2023)
Imports - partners
USA 37%, China 17%, Guatemala 10%, Mexico 8%, Costa Rica 6% (2023)
Exchange rates
Belizean dollars (BZD) per US dollar -
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