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 (2016): United States, China, and Mexico
Top 3 Exported Goods (2016): Sugar & Confectionery, Preserved Fruits & Vegetables, and Fruit & Nuts

Top Industries Source: CIA World Factbook

Garment Production; Food Processing; Tourism; Construction

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $3,218,514,757 (2017)
GDP Growth Rate (annual %) 0.884% (2017)
GDP Per Capita, PPP (current international) $8,590 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 171/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.885% (2015)
External debt stocks, total (DOD, current US$) $1,344,359,000 (2016)
Total tax rate (% of commercial profits) 31.1% (2017)
Real Interest Rate (5 year average %) 9.358% (2017)
Manufacturing, value added (% of GDP) 6.492% (2016)
Current Account Balance (BoP, current US$) ($130,882,550) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 172,349 (2017)
Employment in Agriculture (% of total employment) 15.39% (2017)
Employment in Industry (% of total employment) 15.093% (2017)
Employment in Services (% of total employment) 69.517% (2017)
Unemployment Rate 7.617% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $1,118,000,000 (2017)
Exports of goods and services (current US$) $956,000,000 (2017)
Total Merchandise Trade (% of GDP) 78.565% (2016)
FDI, net inflows (BoP, current US$) $25,637,116 (2017)
Commercial Service Exports (current US$) $506,701,327 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank