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 (2018): United States, China, and Mexico
Top 3 Exported Goods (2018): Sugar & Confectionery, Fruit & Nuts, and Preserved Fruits & Vegetables

Top Industries Source: CIA World Factbook

Garment Production; Food Processing; Tourism; Construction

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $3,365,851,350 (2018)
GDP Growth Rate (annual %) 3.05% (2018)
GDP Per Capita, PPP (current international) $8,786 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 173/196 (2018)

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 %) 1.15% (2017)
External debt stocks, total (DOD, current US$) $1,380,013,447 (2018)
Total tax rate (% of commercial profits) 31.1% (2019)
Real Interest Rate (5 year average %) 8.799% (2018)
Manufacturing, value added (% of GDP) 6.619% (2017)
Current Account Balance (BoP, current US$) ($154,939,839) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 184,610 (2019)
Employment in Agriculture (% of total employment) 17.437% (2019)
Employment in Industry (% of total employment) 14.644% (2019)
Employment in Services (% of total employment) 67.919% (2019)
Unemployment Rate 9.497% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $1,073,213,700 (2017)
Exports of goods and services (current US$) $1,009,694,450 (2017)
Total Merchandise Trade (% of GDP) 71.429% (2018)
FDI, net inflows (BoP, current US$) $119,541,647 (2018)
Commercial Service Exports (current US$) $585,821,441 (2018)
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