Debt service as a share of exports of good and services in Belize
Belize: Debt service as a share of exports of good and services was 7.0% in 2023. ◆ Volatile
Debt service as a share of exports of good and services in Belize, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, debt service as a share of exports of good and services in Belize stood at 7.0%.
The figure is up 33.0% on the previous year and down 35.4% over ten years.
Over the whole period, debt service as a share of exports of good and services in Belize peaked at 79.0% in 2007 and was at its lowest, 5.2%, in 2022.
Belize ranks 65th of 116 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.
Debt service as a share of exports of good and services in Belize, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 17.1% | — |
| 2001 | 21.8% | +27.2% |
| 2002 | 38.7% | +77.3% |
| 2003 | 29.1% | -24.8% |
| 2004 | 61.5% | +111.6% |
| 2005 | 36.9% | -40.1% |
| 2006 | 17.6% | -52.3% |
| 2007 | 79.0% | +348.8% |
| 2008 | 11.6% | -85.3% |
| 2009 | 13.1% | +13.1% |
| 2010 | 11.6% | -11.8% |
| 2011 | 9.3% | -19.2% |
| 2012 | 9.3% | -0.7% |
| 2013 | 10.8% | +16.4% |
| 2014 | 6.9% | -36.2% |
| 2015 | 7.4% | +7.4% |
| 2016 | 8.7% | +17.6% |
| 2017 | 8.3% | -4.7% |
| 2018 | 7.9% | -4.5% |
| 2019 | 8.4% | +6.6% |
| 2020 | 10.5% | +23.9% |
| 2021 | 58.5% | +458.8% |
| 2022 | 5.2% | -91.0% |
| 2023 | 7.0% | +33.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.6% | 11.6% | 79.0% | 10 |
| 2010s | 8.9% | 6.9% | 11.6% | 10 |
| 2020s | 20.3% | 5.2% | 58.5% | 4 |
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)
- Exports of goods and services (current LCU), annual growth rate 5.51 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 1.1 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 8,484 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 5.97 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4652 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 3,573 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 8.2 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2113 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is debt service as a share of exports of good and services in Belize?
- Debt service as a share of exports of good and services in Belize was 7.0% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Belize?
- The highest recorded value was 79.0% in 2007.
- What is the lowest debt service as a share of exports of good and services recorded in Belize?
- The lowest recorded value was 5.2% in 2022.
- How does Belize rank for debt service as a share of exports of good and services?
- Belize ranks 65th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in Belize?
- Over the last ten years it is down 35.4%. 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 Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).