Final consumption expenditure in Belize
Belize: Final consumption expenditure was 2.57 billion current US$ in 2024. ◆ Volatile
Final consumption expenditure in Belize, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, final consumption expenditure in Belize stood at 2.57 billion current US$. That is the highest value across all 45 years on record.
That represents a change of up 5.9% on the previous year and up 52.0% over ten years.
Over the whole period, final consumption expenditure in Belize peaked at 2.57 billion current US$ in 2024 and was at its lowest, 127.08 million current US$, in 1980.
Belize ranks 170th of 188 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Belize, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 127.08 million current US$ | — |
| 1981 | 135.46 million current US$ | +6.6% |
| 1982 | 134.22 million current US$ | -0.9% |
| 1983 | 133.57 million current US$ | -0.5% |
| 1984 | 131.73 million current US$ | -1.4% |
| 1985 | 141.43 million current US$ | +7.4% |
| 1986 | 139.70 million current US$ | -1.2% |
| 1987 | 163.97 million current US$ | +17.4% |
| 1988 | 186.92 million current US$ | +14.0% |
| 1989 | 214.36 million current US$ | +14.7% |
| 1990 | 241.23 million current US$ | +12.5% |
| 1991 | 269.75 million current US$ | +11.8% |
| 1992 | 492.86 million current US$ | +82.7% |
| 1993 | 519.10 million current US$ | +5.3% |
| 1994 | 558.65 million current US$ | +7.6% |
| 1995 | 599.08 million current US$ | +7.2% |
| 1996 | 637.03 million current US$ | +6.3% |
| 1997 | 718.46 million current US$ | +12.8% |
| 1998 | 775.78 million current US$ | +8.0% |
| 1999 | 815.75 million current US$ | +5.2% |
| 2000 | 885.38 million current US$ | +8.5% |
| 2001 | 955.61 million current US$ | +7.9% |
| 2002 | 1.04 billion current US$ | +9.0% |
| 2003 | 1.10 billion current US$ | +5.7% |
| 2004 | 1.14 billion current US$ | +3.4% |
| 2005 | 1.16 billion current US$ | +2.3% |
| 2006 | 1.18 billion current US$ | +1.4% |
| 2007 | 1.27 billion current US$ | +7.3% |
| 2008 | 1.33 billion current US$ | +5.1% |
| 2009 | 1.32 billion current US$ | -0.9% |
| 2010 | 1.38 billion current US$ | +4.2% |
| 2011 | 1.43 billion current US$ | +3.6% |
| 2012 | 1.49 billion current US$ | +4.6% |
| 2013 | 1.63 billion current US$ | +9.0% |
| 2014 | 1.69 billion current US$ | +4.0% |
| 2015 | 1.72 billion current US$ | +1.9% |
| 2016 | 1.77 billion current US$ | +2.8% |
| 2017 | 1.80 billion current US$ | +1.5% |
| 2018 | 1.86 billion current US$ | +3.5% |
| 2019 | 1.92 billion current US$ | +3.4% |
| 2020 | 1.64 billion current US$ | -14.7% |
| 2021 | 1.93 billion current US$ | +17.8% |
| 2022 | 2.28 billion current US$ | +18.2% |
| 2023 | 2.43 billion current US$ | +6.2% |
| 2024 | 2.57 billion current US$ | +5.9% |
Belize compared with similar countries
- Belize's 2.57 billion current US$ is below the median for upper middle income countries, which is 47.37 billion current US$, 5% of the median. (52 countries reporting)
- Belize's 2.57 billion current US$ is below the median for Latin America & Caribbean, which is 60.45 billion current US$, 4% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +82.7% | 269.75 million current US$ | 492.86 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 150.84 million current US$ | 127.08 million current US$ | 214.36 million current US$ | 10 |
| 1990s | 562.77 million current US$ | 241.23 million current US$ | 815.75 million current US$ | 10 |
| 2000s | 1.14 billion current US$ | 885.38 million current US$ | 1.33 billion current US$ | 10 |
| 2010s | 1.67 billion current US$ | 1.38 billion current US$ | 1.92 billion current US$ | 10 |
| 2020s | 2.17 billion current US$ | 1.64 billion current US$ | 2.57 billion current US$ | 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$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is final consumption expenditure in Belize?
- Final consumption expenditure in Belize was 2.57 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Belize?
- The highest recorded value was 2.57 billion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Belize?
- The lowest recorded value was 127.08 million current US$ in 1980.
- How does Belize rank for final consumption expenditure?
- Belize ranks 170th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Belize?
- Over the last ten years it is up 52.0%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.