Final consumption expenditure in Belize
Belize: Final consumption expenditure was 4.36 billion constant LCU in 2024. ▲ Rising
Final consumption expenditure in Belize, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Belize recorded 4.36 billion constant LCU for final consumption expenditure in 2024. That is the highest value across all 45 years on record.
That represents a change of up 4.1% on the previous year and up 28.9% over ten years.
Over the whole period, final consumption expenditure in Belize peaked at 4.36 billion constant LCU in 2024 and was at its lowest, 565.91 million constant LCU, in 1986.
That places Belize 168th out of 177 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Final consumption expenditure in Belize, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 821.25 million constant LCU | — |
| 1981 | 677.84 million constant LCU | -17.5% |
| 1982 | 747.62 million constant LCU | +10.3% |
| 1983 | 697.92 million constant LCU | -6.6% |
| 1984 | 618.09 million constant LCU | -11.4% |
| 1985 | 593.19 million constant LCU | -4.0% |
| 1986 | 565.91 million constant LCU | -4.6% |
| 1987 | 650.62 million constant LCU | +15.0% |
| 1988 | 740.25 million constant LCU | +13.8% |
| 1989 | 814.41 million constant LCU | +10.0% |
| 1990 | 935.98 million constant LCU | +14.9% |
| 1991 | 1.02 billion constant LCU | +8.8% |
| 1992 | 1.65 billion constant LCU | +62.1% |
| 1993 | 1.70 billion constant LCU | +3.1% |
| 1994 | 1.79 billion constant LCU | +5.0% |
| 1995 | 1.84 billion constant LCU | +3.1% |
| 1996 | 1.86 billion constant LCU | +1.1% |
| 1997 | 1.92 billion constant LCU | +3.1% |
| 1998 | 2.06 billion constant LCU | +7.3% |
| 1999 | 2.21 billion constant LCU | +7.0% |
| 2000 | 2.38 billion constant LCU | +7.8% |
| 2001 | 2.55 billion constant LCU | +7.2% |
| 2002 | 2.75 billion constant LCU | +7.7% |
| 2003 | 2.86 billion constant LCU | +4.1% |
| 2004 | 2.86 billion constant LCU | -0.2% |
| 2005 | 2.82 billion constant LCU | -1.2% |
| 2006 | 2.76 billion constant LCU | -2.2% |
| 2007 | 2.87 billion constant LCU | +3.7% |
| 2008 | 2.90 billion constant LCU | +1.3% |
| 2009 | 2.86 billion constant LCU | -1.5% |
| 2010 | 2.95 billion constant LCU | +3.3% |
| 2011 | 2.99 billion constant LCU | +1.3% |
| 2012 | 3.12 billion constant LCU | +4.3% |
| 2013 | 3.29 billion constant LCU | +5.4% |
| 2014 | 3.38 billion constant LCU | +2.8% |
| 2015 | 3.52 billion constant LCU | +4.1% |
| 2016 | 3.58 billion constant LCU | +1.8% |
| 2017 | 3.59 billion constant LCU | +0.2% |
| 2018 | 3.68 billion constant LCU | +2.6% |
| 2019 | 3.81 billion constant LCU | +3.5% |
| 2020 | 3.26 billion constant LCU | -14.5% |
| 2021 | 3.78 billion constant LCU | +16.0% |
| 2022 | 4.14 billion constant LCU | +9.5% |
| 2023 | 4.19 billion constant LCU | +1.2% |
| 2024 | 4.36 billion constant LCU | +4.1% |
Belize compared with similar countries
- Belize's 4.36 billion constant LCU is below the median for upper middle income countries, which is 1.54 trillion constant LCU, 0% of the median. (48 countries reporting)
- Belize's 4.36 billion constant LCU is below the median for Latin America & Caribbean, which is 386.10 billion constant LCU, 1% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure 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 |
|---|---|---|---|
| 1992 | +62.1% | 1.02 billion constant LCU | 1.65 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 692.71 million constant LCU | 565.91 million constant LCU | 821.25 million constant LCU | 10 |
| 1990s | 1.70 billion constant LCU | 935.98 million constant LCU | 2.21 billion constant LCU | 10 |
| 2000s | 2.76 billion constant LCU | 2.38 billion constant LCU | 2.90 billion constant LCU | 10 |
| 2010s | 3.39 billion constant LCU | 2.95 billion constant LCU | 3.81 billion constant LCU | 10 |
| 2020s | 3.94 billion constant LCU | 3.26 billion constant LCU | 4.36 billion constant LCU | 5 |
Countries ranked near Belize
- 165 Montenegro 5.28 billion constant LCU compare
- 166 Tajikistan 4.98 billion constant LCU compare
- 167 Papua New Guinea 4.88 billion constant LCU compare
- 169 Bermuda 4.12 billion constant LCU compare
- 170 United States Virgin Islands 3.58 billion constant LCU compare
- 171 Samoa 2.29 billion constant LCU compare
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 final consumption expenditure in Belize?
- Final consumption expenditure in Belize was 4.36 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Belize?
- The highest recorded value was 4.36 billion constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in Belize?
- The lowest recorded value was 565.91 million constant LCU in 1986.
- How does Belize rank for final consumption expenditure?
- Belize ranks 168th out of 177 countries with data for 2024.
- Is final consumption expenditure rising or falling in Belize?
- Over the last ten years it is up 28.9%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.