Belize: Economy

Economic Trivia

Belize has the second highest per capita income in Central America.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners: United States, China, and Mexico
Top 3 Exported Goods: Oil & Mineral Fuels, Oil & Mineral Fuels, and Preserved Fruits & Vegetables

Top Industries Source: CIA World Factbook

Garment Production; Food Processing; Tourism; Construction

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $3 billion (2013)
GDP Growth Rate (annual %) 1.526% (2013)
GDP Per Capita, PPP (current international $) $8,487 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 169/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.653% (2013)
External debt stocks, total (DOD, current US$) $1,249 million (2013)
Total tax rate (% of commercial profits) 31.1% (2014)
Real Interest Rate (5 year average %) 9.755% (2013)
Manufacturing, value added (% of GDP) 11.471% (2013)
Current Account Balance (BoP, current US$) $-72,074,113 (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 144,006 (2013)
Employment in Agriculture (% of total employment) 19.5% (2005)
Employment in Industry (% of total employment) 17.9% (2005)
Employment in Services (% of total employment) 61.9% (2005)
Unemployment Rate 14.6% (2013)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $1,077 million (2013)
Exports of goods and services (current US$) $988 million (2013)
Total Merchandise Trade (% of GDP) 94.589% (2013)
FDI, net inflows (BoP, current US$) $89 million (2013)
Commercial Service Exports (current US$) $371,373,899 (2012)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Belize’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary