Final consumption expenditure in Belize
Belize: Final consumption expenditure was 80.2% in 2024. ▲ Rising
Final consumption expenditure in Belize, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, final consumption expenditure in Belize stood at 80.2%.
That represents a change of up 0.9% on the previous year and up 1.5% over ten years.
Over the whole period, final consumption expenditure in Belize peaked at 84.1% in 2003 and was at its lowest, 43.6%, in 1989.
Belize ranks 87th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Final consumption expenditure in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 49.4% | — |
| 1981 | 52.0% | +5.2% |
| 1982 | 54.0% | +4.0% |
| 1983 | 51.0% | -5.7% |
| 1984 | 45.4% | -11.0% |
| 1985 | 49.2% | +8.5% |
| 1986 | 44.8% | -8.9% |
| 1987 | 44.2% | -1.5% |
| 1988 | 44.4% | +0.4% |
| 1989 | 43.6% | -1.6% |
| 1990 | 44.1% | +1.1% |
| 1991 | 45.2% | +2.5% |
| 1992 | 70.8% | +56.7% |
| 1993 | 69.0% | -2.6% |
| 1994 | 72.4% | +4.9% |
| 1995 | 73.2% | +1.1% |
| 1996 | 74.9% | +2.4% |
| 1997 | 82.3% | +9.9% |
| 1998 | 83.5% | +1.5% |
| 1999 | 81.6% | -2.3% |
| 2000 | 77.8% | -4.7% |
| 2001 | 81.5% | +4.8% |
| 2002 | 83.7% | +2.7% |
| 2003 | 84.1% | +0.5% |
| 2004 | 81.3% | -3.3% |
| 2005 | 79.0% | -2.8% |
| 2006 | 74.2% | -6.0% |
| 2007 | 74.3% | +0.1% |
| 2008 | 76.6% | +3.2% |
| 2009 | 78.2% | +2.0% |
| 2010 | 78.7% | +0.6% |
| 2011 | 77.8% | -1.1% |
| 2012 | 77.8% | -0.0% |
| 2013 | 79.9% | +2.7% |
| 2014 | 79.1% | -1.0% |
| 2015 | 78.6% | -0.6% |
| 2016 | 79.1% | +0.7% |
| 2017 | 79.4% | +0.3% |
| 2018 | 81.4% | +2.6% |
| 2019 | 80.8% | -0.7% |
| 2020 | 80.2% | -0.8% |
| 2021 | 79.6% | -0.7% |
| 2022 | 80.3% | +0.8% |
| 2023 | 79.5% | -1.0% |
| 2024 | 80.2% | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 47.8% | 43.6% | 54.0% | 10 |
| 1990s | 69.7% | 44.1% | 83.5% | 10 |
| 2000s | 79.1% | 74.2% | 84.1% | 10 |
| 2010s | 79.2% | 77.8% | 81.4% | 10 |
| 2020s | 80.0% | 79.5% | 80.3% | 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)
- GDP (constant 2015 US$), annual growth rate 2.75 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8104 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 6,374 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.75 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.62 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 12,772 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 1.2 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP 0.1977 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure in Belize?
- Final consumption expenditure in Belize was 80.2% 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 84.1% in 2003.
- What is the lowest final consumption expenditure recorded in Belize?
- The lowest recorded value was 43.6% in 1989.
- How does Belize rank for final consumption expenditure?
- Belize ranks 87th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Belize?
- Over the last ten years it is up 1.5%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.