External balance on goods and services in Belize
Belize: External balance on goods and services was 1.5% 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 % of GDP.
Analysis
In 2024, external balance on goods and services in Belize stood at 1.5%.
Compared with earlier readings it is down 57.4% on the previous year and down 61.9% over ten years.
Over the whole period, external balance on goods and services in Belize peaked at 7.5% in 2012 and was at its lowest, -14.8%, in 1981.
That places Belize 67th out of 193 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 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)
- Gross capital formation (constant 2015 US$), annual growth rate 4.52 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.162 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 1,245 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 9.6 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.5375 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 4,129 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 9.6 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 1.07 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is external balance on goods and services in Belize?
- External balance on goods and services in Belize was 1.5% 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 7.5% in 2012.
- What is the lowest external balance on goods and services recorded in Belize?
- The lowest recorded value was -14.8% in 1981.
- How does Belize rank for external balance on goods and services?
- Belize ranks 67th 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 61.9%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.