External balance on goods and services in Belize
Belize: External balance on goods and services was 94.46 million current LCU in 2024. ◆ Volatile
External balance on goods and services in Belize, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, external balance on goods and services in Belize stood at 94.46 million current LCU.
The figure is down 55.3% on the previous year and down 43.0% over ten years.
Over the whole period, external balance on goods and services in Belize peaked at 287.04 million current LCU in 2012 and was at its lowest, -260.76 million current LCU, in 2020.
Belize ranks 76th of 193 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.
External balance on goods and services in Belize, year by year
| Year | current LCU | Change |
|---|---|---|
| 1980 | -49.25 million current LCU | — |
| 1981 | -77.33 million current LCU | +57.0% |
| 1982 | -73.31 million current LCU | -5.2% |
| 1983 | -55.96 million current LCU | -23.7% |
| 1984 | -34.40 million current LCU | -38.5% |
| 1985 | -50.79 million current LCU | +47.7% |
| 1986 | -16.61 million current LCU | -67.3% |
| 1987 | -18.61 million current LCU | +12.1% |
| 1988 | -42.59 million current LCU | +128.8% |
| 1989 | -78.54 million current LCU | +84.4% |
| 1990 | 25.03 million current LCU | -131.9% |
| 1991 | -86.20 million current LCU | -444.3% |
| 1992 | 23.67 million current LCU | -127.5% |
| 1993 | 18.50 million current LCU | -21.8% |
| 1994 | 33.13 million current LCU | +79.1% |
| 1995 | 50.85 million current LCU | +53.5% |
| 1996 | 66.81 million current LCU | +31.4% |
| 1997 | 37.34 million current LCU | -44.1% |
| 1998 | 19.52 million current LCU | -47.7% |
| 1999 | -103.44 million current LCU | -630.0% |
| 2000 | -247.23 million current LCU | +139.0% |
| 2001 | -220.10 million current LCU | -11.0% |
| 2002 | -145.19 million current LCU | -34.0% |
| 2003 | -136.72 million current LCU | -5.8% |
| 2004 | -50.83 million current LCU | -62.8% |
| 2005 | -45.37 million current LCU | -10.8% |
| 2006 | 150.26 million current LCU | -431.2% |
| 2007 | 177.60 million current LCU | +18.2% |
| 2008 | 77.10 million current LCU | -56.6% |
| 2009 | 44.15 million current LCU | -42.7% |
| 2010 | 223.60 million current LCU | +406.4% |
| 2011 | 239.17 million current LCU | +7.0% |
| 2012 | 287.04 million current LCU | +20.0% |
| 2013 | 137.38 million current LCU | -52.1% |
| 2014 | 165.59 million current LCU | +20.5% |
| 2015 | -41.12 million current LCU | -124.8% |
| 2016 | -84.45 million current LCU | +105.4% |
| 2017 | 86.65 million current LCU | -202.6% |
| 2018 | 113.43 million current LCU | +30.9% |
| 2019 | 76.01 million current LCU | -33.0% |
| 2020 | -260.76 million current LCU | -443.1% |
| 2021 | -185.52 million current LCU | -28.9% |
| 2022 | -152.73 million current LCU | -17.7% |
| 2023 | 211.29 million current LCU | -238.3% |
| 2024 | 94.46 million current LCU | -55.3% |
Belize compared with similar countries
- Belize's 94.46 million current LCU is above the median for upper middle income countries, which is -2.10 billion current LCU. (53 countries reporting)
- Belize's 94.46 million current LCU is above the median for Latin America & Caribbean, which is -509.00 million current LCU. (29 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services 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 |
|---|---|---|---|
| 1999 | -630.0% | 19.52 million current LCU | -103.44 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -49.74 million current LCU | -78.54 million current LCU | -16.61 million current LCU | 10 |
| 1990s | 8.52 million current LCU | -103.44 million current LCU | 66.81 million current LCU | 10 |
| 2000s | -39.63 million current LCU | -247.23 million current LCU | 177.60 million current LCU | 10 |
| 2010s | 120.33 million current LCU | -84.45 million current LCU | 287.04 million current LCU | 10 |
| 2020s | -58.65 million current LCU | -260.76 million current LCU | 211.29 million current LCU | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.40 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0004 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 3.3 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240,004 BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 0.5675 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services in Belize?
- External balance on goods and services in Belize was 94.46 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Belize?
- The highest recorded value was 287.04 million current LCU in 2012.
- What is the lowest external balance on goods and services recorded in Belize?
- The lowest recorded value was -260.76 million current LCU in 2020.
- How does Belize rank for external balance on goods and services?
- Belize ranks 76th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Belize?
- Over the last ten years it is down 43.0%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.