Annual GDP growth in Belize
Belize: Annual GDP growth was 1.1% in 2023. ◆ Volatile
Latest (2023)
1.1%
Change on year
down 88.1%
World rank
155th
of 211 countries
All-time high
17.8%
in 2021
All-time low
-13.9%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Belize, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Belize recorded 1.1% for annual gdp growth in 2023.
Compared with earlier readings it is down 88.1% on the previous year and down 74.2% over ten years.
Over the whole period, annual gdp growth in Belize peaked at 17.8% in 2021 and was at its lowest, -13.9%, in 2020.
Belize ranks 155th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | -1.7% | 12.2% | 10 |
| 2010s | 2.0% | -1.8% | 4.5% | 10 |
| 2020s | 3.7% | -13.9% | 17.8% | 4 |
Countries ranked near Belize
- 153 Turks and Caicos Islands 1.2% compare
- 154 Qatar 1.2% compare
- 156 Azerbaijan 1.1% compare
- 157 Singapore 1.1% compare
- 158 Angola 1.0% compare
More economy & growth data for Belize
- External balance on goods and services as a percent of GDP 1.5% (2024)
- Inflation of consumer prices 1.1% (2025)
- GDP per capita 6,374 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 6.6% (2024)
- Gross domestic product (GDP) 2.70 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,374 constant 2015 US$ (2025)
- DEC alternative conversion factor 2 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 299.82 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 149.91 million current US$ (2025)
- Taxes less subsidies on products 963.64 million current LCU (2024)
Frequently asked questions
- What is annual gdp growth in Belize?
- Annual gdp growth in Belize was 1.1% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Belize?
- The highest recorded value was 17.8% in 2021.
- What is the lowest annual gdp growth recorded in Belize?
- The lowest recorded value was -13.9% in 2020.
- How does Belize rank for annual gdp growth?
- Belize ranks 155th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Belize?
- Over the last ten years it is down 74.2%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)