Annual GDP growth in Belize
Belize: Annual GDP growth was 3.5% in 2024. ◆ Volatile
Annual GDP growth in Belize, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Belize is 3.5%, measured in 2024.
Compared with earlier readings it is up 600.8% on the previous year and down 10.0% over ten years.
Over the whole period, annual gdp growth in Belize peaked at 18.0% in 2021 and was at its lowest, -13.5%, in 2020.
That places Belize 104th out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Belize, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 12.2% | — |
| 2001 | 5.0% | -59.2% |
| 2002 | 5.4% | +8.1% |
| 2003 | 9.7% | +79.0% |
| 2004 | 4.8% | -50.5% |
| 2005 | 2.2% | -53.6% |
| 2006 | 4.5% | +103.3% |
| 2007 | 3.3% | -26.0% |
| 2008 | -1.6% | -148.7% |
| 2009 | -0.4% | -72.6% |
| 2010 | 1.4% | -417.3% |
| 2011 | -0.1% | -109.2% |
| 2012 | 3.9% | -3132.1% |
| 2013 | 4.1% | +3.1% |
| 2014 | 3.9% | -4.3% |
| 2015 | 2.8% | -29.1% |
| 2016 | -0.0% | -100.7% |
| 2017 | -1.8% | +9681.7% |
| 2018 | 0.8% | -144.8% |
| 2019 | 4.3% | +417.8% |
| 2020 | -13.5% | -417.7% |
| 2021 | 18.0% | -233.0% |
| 2022 | 9.3% | -48.6% |
| 2023 | 0.5% | -94.6% |
| 2024 | 3.5% | +600.8% |
Belize compared with similar countries
- Belize's 3.5% is above the median for upper middle income countries, which is 3.5%, 1.0× the median. (56 countries reporting)
- Belize's 3.5% is above the median for Latin America & Caribbean, which is 3.3%, 1.1× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | -9681.7% | -0.0% | -1.8% |
| 2012 | +3132.1% | -0.1% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | -1.6% | 12.2% | 10 |
| 2010s | 1.9% | -1.8% | 4.3% | 10 |
| 2020s | 3.5% | -13.5% | 18.0% | 5 |
Countries ranked near Belize
More economy & growth data for Belize
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.27 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.94 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 120.67 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0711 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0112 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 88.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0084 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Belize?
- Annual gdp growth in Belize was 3.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Belize?
- The highest recorded value was 18.0% in 2021.
- What is the lowest annual gdp growth recorded in Belize?
- The lowest recorded value was -13.5% in 2020.
- How does Belize rank for annual gdp growth?
- Belize ranks 104th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Belize?
- Over the last ten years it is down 10.0%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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