External balance on goods and services as a percent of GDP in Belize
Belize: External balance on goods and services as a percent of GDP was 1.5% in 2024. ◆ Volatile
External balance on goods and services as a percent of GDP in Belize, 1980–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Belize is 1.5%, measured in 2024.
That represents a change of down 57.4% on the previous year and down 61.9% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Belize peaked at 7.5% in 2012 and was at its lowest, -14.8%, in 1981.
That places Belize 67th out of 191 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.
External balance on goods and services as a percent of GDP in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -9.6% | — |
| 1981 | -14.8% | +55.0% |
| 1982 | -14.7% | -0.5% |
| 1983 | -10.7% | -27.6% |
| 1984 | -5.9% | -44.5% |
| 1985 | -8.8% | +49.2% |
| 1986 | -2.7% | -69.8% |
| 1987 | -2.5% | -5.9% |
| 1988 | -5.1% | +101.5% |
| 1989 | -8.0% | +58.3% |
| 1990 | 2.3% | -128.6% |
| 1991 | -7.2% | -415.5% |
| 1992 | 1.7% | -123.5% |
| 1993 | 1.2% | -27.7% |
| 1994 | 2.1% | +74.5% |
| 1995 | 3.1% | +44.7% |
| 1996 | 3.9% | +26.5% |
| 1997 | 2.1% | -45.6% |
| 1998 | 1.1% | -50.9% |
| 1999 | -5.2% | -592.5% |
| 2000 | -10.9% | +109.9% |
| 2001 | -9.4% | -13.5% |
| 2002 | -5.8% | -37.8% |
| 2003 | -5.2% | -10.5% |
| 2004 | -1.8% | -65.3% |
| 2005 | -1.5% | -15.2% |
| 2006 | 4.7% | -407.0% |
| 2007 | 5.2% | +10.2% |
| 2008 | 2.2% | -57.4% |
| 2009 | 1.3% | -41.0% |
| 2010 | 6.4% | +388.8% |
| 2011 | 6.5% | +2.1% |
| 2012 | 7.5% | +14.7% |
| 2013 | 3.4% | -54.9% |
| 2014 | 3.9% | +14.7% |
| 2015 | -0.9% | -124.2% |
| 2016 | -1.9% | +101.1% |
| 2017 | 1.9% | -201.4% |
| 2018 | 2.5% | +29.8% |
| 2019 | 1.6% | -35.7% |
| 2020 | -6.4% | -499.0% |
| 2021 | -3.8% | -40.0% |
| 2022 | -2.7% | -29.8% |
| 2023 | 3.5% | -229.0% |
| 2024 | 1.5% | -57.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -8.3% | -14.8% | -2.5% | 10 |
| 1990s | 0.5% | -7.2% | 3.9% | 10 |
| 2000s | -2.1% | -10.9% | 5.2% | 10 |
| 2010s | 3.1% | -1.9% | 7.5% | 10 |
| 2020s | -1.6% | -6.4% | 3.5% | 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)
- 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 external balance on goods and services as a percent of gdp in Belize?
- External balance on goods and services as a percent of gdp in Belize was 1.5% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Belize?
- The highest recorded value was 7.5% in 2012.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Belize?
- The lowest recorded value was -14.8% in 1981.
- How does Belize rank for external balance on goods and services as a percent of gdp?
- Belize ranks 67th out of 191 countries with data for 2024.
- Is external balance on goods and services as a percent of gdp rising or falling in Belize?
- Over the last ten years it is down 61.9%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.