Gross domestic product (GDP) in Belize
Belize: Gross domestic product (GDP) was 4.87 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
4.87 billion international-$ in 2021 prices
Change on year
up 1.1%
World rank
167th
of 184 countries
All-time high
4.87 billion international-$ in 2021 prices
in 2023
All-time low
520.09 million international-$ in 2021 prices
in 1972
Years of data
54
1970–2023
Gross domestic product (GDP) in Belize, 1970–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Belize recorded 4.87 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 54 years on record.
The figure is up 1.1% on the previous year and up 33.2% over ten years.
Over the whole period, gross domestic product (gdp) in Belize peaked at 4.87 billion international-$ in 2021 prices in 2023 and was at its lowest, 520.09 million international-$ in 2021 prices, in 1972.
Belize ranks 167th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Belize, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1970 | 554.83 million international-$ in 2021 prices | — |
| 1971 | 596.62 million international-$ in 2021 prices | +7.5% |
| 1972 | 520.09 million international-$ in 2021 prices | -12.8% |
| 1973 | 607.48 million international-$ in 2021 prices | +16.8% |
| 1974 | 692.52 million international-$ in 2021 prices | +14.0% |
| 1975 | 683.92 million international-$ in 2021 prices | -1.2% |
| 1976 | 635.54 million international-$ in 2021 prices | -7.1% |
| 1977 | 687.59 million international-$ in 2021 prices | +8.2% |
| 1978 | 714.06 million international-$ in 2021 prices | +3.8% |
| 1979 | 764.34 million international-$ in 2021 prices | +7.0% |
| 1980 | 873.14 million international-$ in 2021 prices | +14.2% |
| 1981 | 825.07 million international-$ in 2021 prices | -5.5% |
| 1982 | 861.77 million international-$ in 2021 prices | +4.4% |
| 1983 | 859.71 million international-$ in 2021 prices | -0.2% |
| 1984 | 878.27 million international-$ in 2021 prices | +2.2% |
| 1985 | 916.96 million international-$ in 2021 prices | +4.4% |
| 1986 | 1.05 billion international-$ in 2021 prices | +14.8% |
| 1987 | 1.21 billion international-$ in 2021 prices | +14.7% |
| 1988 | 1.34 billion international-$ in 2021 prices | +10.8% |
| 1989 | 1.51 billion international-$ in 2021 prices | +12.9% |
| 1990 | 1.69 billion international-$ in 2021 prices | +12.1% |
| 1991 | 1.89 billion international-$ in 2021 prices | +11.6% |
| 1992 | 1.97 billion international-$ in 2021 prices | +4.0% |
| 1993 | 2.05 billion international-$ in 2021 prices | +4.3% |
| 1994 | 2.10 billion international-$ in 2021 prices | +2.2% |
| 1995 | 2.11 billion international-$ in 2021 prices | +0.5% |
| 1996 | 2.11 billion international-$ in 2021 prices | +0.2% |
| 1997 | 1.92 billion international-$ in 2021 prices | -9.2% |
| 1998 | 1.93 billion international-$ in 2021 prices | +0.5% |
| 1999 | 2.03 billion international-$ in 2021 prices | +5.1% |
| 2000 | 2.29 billion international-$ in 2021 prices | +12.8% |
| 2001 | 2.33 billion international-$ in 2021 prices | +1.8% |
| 2002 | 2.59 billion international-$ in 2021 prices | +11.3% |
| 2003 | 2.84 billion international-$ in 2021 prices | +9.6% |
| 2004 | 2.97 billion international-$ in 2021 prices | +4.6% |
| 2005 | 3.10 billion international-$ in 2021 prices | +4.4% |
| 2006 | 3.35 billion international-$ in 2021 prices | +7.9% |
| 2007 | 3.51 billion international-$ in 2021 prices | +4.9% |
| 2008 | 3.41 billion international-$ in 2021 prices | -2.9% |
| 2009 | 3.23 billion international-$ in 2021 prices | -5.2% |
| 2010 | 3.57 billion international-$ in 2021 prices | +10.4% |
| 2011 | 3.78 billion international-$ in 2021 prices | +6.0% |
| 2012 | 3.83 billion international-$ in 2021 prices | +1.2% |
| 2013 | 3.66 billion international-$ in 2021 prices | -4.4% |
| 2014 | 3.73 billion international-$ in 2021 prices | +1.9% |
| 2015 | 3.55 billion international-$ in 2021 prices | -4.7% |
| 2016 | 3.49 billion international-$ in 2021 prices | -1.8% |
| 2017 | 3.44 billion international-$ in 2021 prices | -1.4% |
| 2018 | 3.59 billion international-$ in 2021 prices | +4.3% |
| 2019 | 4.03 billion international-$ in 2021 prices | +12.5% |
| 2020 | 3.79 billion international-$ in 2021 prices | -6.0% |
| 2021 | 4.35 billion international-$ in 2021 prices | +14.6% |
| 2022 | 4.82 billion international-$ in 2021 prices | +10.9% |
| 2023 | 4.87 billion international-$ in 2021 prices | +1.1% |
Belize compared with similar countries
- Belize's 4.87 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 3% of the median. (51 countries reporting)
- Belize's 4.87 billion international-$ in 2021 prices is below the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 12% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 645.70 million international-$ in 2021 prices | 520.09 million international-$ in 2021 prices | 764.34 million international-$ in 2021 prices | 10 |
| 1980s | 1.03 billion international-$ in 2021 prices | 825.07 million international-$ in 2021 prices | 1.51 billion international-$ in 2021 prices | 10 |
| 1990s | 1.98 billion international-$ in 2021 prices | 1.69 billion international-$ in 2021 prices | 2.11 billion international-$ in 2021 prices | 10 |
| 2000s | 2.96 billion international-$ in 2021 prices | 2.29 billion international-$ in 2021 prices | 3.51 billion international-$ in 2021 prices | 10 |
| 2010s | 3.67 billion international-$ in 2021 prices | 3.44 billion international-$ in 2021 prices | 4.03 billion international-$ in 2021 prices | 10 |
| 2020s | 4.46 billion international-$ in 2021 prices | 3.79 billion international-$ in 2021 prices | 4.87 billion international-$ in 2021 prices | 4 |
Countries ranked near Belize
- 164 Guinea-Bissau 5.25 billion international-$ in 2021 prices compare
- 165 Cape Verde 4.97 billion international-$ in 2021 prices compare
- 166 Aruba 4.89 billion international-$ in 2021 prices compare
- 168 Cayman Islands 4.37 billion international-$ in 2021 prices compare
- 169 Saint Lucia 4.16 billion international-$ in 2021 prices compare
- 170 Curacao 4.16 billion international-$ in 2021 prices 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$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Belize?
- Gross domestic product (gdp) in Belize was 4.87 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Belize?
- The highest recorded value was 4.87 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Belize?
- The lowest recorded value was 520.09 million international-$ in 2021 prices in 1972.
- How does Belize rank for gross domestic product (gdp)?
- Belize ranks 167th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Belize?
- Over the last ten years it is up 33.2%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.