Gross Domestic Product: Value Standard … Gross annual growth rate in Belize
Belize: Gross Domestic Product: Value Standard … Gross annual growth rate was 14.64 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Belize, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Belize stood at 14.64 % change on previous year.
Compared with earlier readings it is up 74.0% on the previous year and up 185.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Belize peaked at 65.79 % change on previous year in 1973 and was at its lowest, -14.45 % change on previous year, in 2020.
Belize ranks 33rd of 218 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product: Value Standard … Gross annual growth rate in Belize, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 25 % change on previous year | — |
| 1972 | 26.67 % change on previous year | +6.7% |
| 1973 | 65.79 % change on previous year | +146.7% |
| 1974 | 39.8 % change on previous year | -39.5% |
| 1975 | 22.44 % change on previous year | -43.6% |
| 1976 | -2.97 % change on previous year | -113.2% |
| 1977 | 15.5 % change on previous year | -622.7% |
| 1978 | 14.18 % change on previous year | -8.5% |
| 1979 | 16.89 % change on previous year | +19.1% |
| 1980 | 37.89 % change on previous year | +124.4% |
| 1981 | -0.9246 % change on previous year | -102.4% |
| 1982 | -7.08 % change on previous year | +665.3% |
| 1983 | 5.44 % change on previous year | -176.9% |
| 1984 | 11.59 % change on previous year | +113.0% |
| 1985 | -0.8061 % change on previous year | -107.0% |
| 1986 | 8.94 % change on previous year | -1208.9% |
| 1987 | 27.61 % change on previous year | +208.9% |
| 1988 | 19.79 % change on previous year | -28.3% |
| 1989 | 21.29 % change on previous year | +7.6% |
| 1990 | 12.31 % change on previous year | -42.2% |
| 1991 | 7.92 % change on previous year | -35.7% |
| 1992 | 16.58 % change on previous year | +109.4% |
| 1993 | 8.03 % change on previous year | -51.6% |
| 1994 | 3.76 % change on previous year | -53.2% |
| 1995 | 6.74 % change on previous year | +79.2% |
| 1996 | 3.42 % change on previous year | -49.2% |
| 1997 | 2.01 % change on previous year | -41.1% |
| 1998 | 5.28 % change on previous year | +162.1% |
| 1999 | 6.33 % change on previous year | +19.8% |
| 2000 | 13.56 % change on previous year | +114.4% |
| 2001 | 4.75 % change on previous year | -65.0% |
| 2002 | 6.96 % change on previous year | +46.6% |
| 2003 | 6.27 % change on previous year | -10.0% |
| 2004 | 6.76 % change on previous year | +7.8% |
| 2005 | 5.09 % change on previous year | -24.7% |
| 2006 | 8.97 % change on previous year | +76.3% |
| 2007 | 6.52 % change on previous year | -27.3% |
| 2008 | 3.42 % change on previous year | -47.6% |
| 2009 | -2.21 % change on previous year | -164.6% |
| 2010 | 5.2 % change on previous year | -335.8% |
| 2011 | 4.58 % change on previous year | -11.9% |
| 2012 | 4.44 % change on previous year | -3.2% |
| 2013 | 6.41 % change on previous year | +44.6% |
| 2014 | 5.13 % change on previous year | -20.0% |
| 2015 | 3.27 % change on previous year | -36.4% |
| 2016 | 2.12 % change on previous year | -35.1% |
| 2017 | 1.15 % change on previous year | -45.7% |
| 2018 | 1.17 % change on previous year | +1.7% |
| 2019 | 4.1 % change on previous year | +249.7% |
| 2020 | -14.45 % change on previous year | -452.7% |
| 2021 | 18.38 % change on previous year | -227.2% |
| 2022 | 16.71 % change on previous year | -9.1% |
| 2023 | 8.42 % change on previous year | -49.6% |
| 2024 | 14.64 % change on previous year | +74.0% |
Belize compared with similar countries
- Belize's 14.64 % change on previous year is above the median for upper middle income countries, which is 6.93 % change on previous year, 2.1× the median. (54 countries reporting)
- Belize's 14.64 % change on previous year is above the median for Latin America & Caribbean, which is 6.78 % change on previous year, 2.2× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross annual growth rate 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 |
|---|---|---|---|
| 1986 | +1208.9% | -0.8061 % change on previous year | 8.94 % change on previous year |
| 1982 | -665.3% | -0.9246 % change on previous year | -7.08 % change on previous year |
| 1977 | +622.7% | -2.97 % change on previous year | 15.5 % change on previous year |
| 2020 | -452.7% | 4.1 % change on previous year | -14.45 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.81 % change on previous year | -2.97 % change on previous year | 65.79 % change on previous year | 9 |
| 1980s | 12.37 % change on previous year | -7.08 % change on previous year | 37.89 % change on previous year | 10 |
| 1990s | 7.24 % change on previous year | 2.01 % change on previous year | 16.58 % change on previous year | 10 |
| 2000s | 6.01 % change on previous year | -2.21 % change on previous year | 13.56 % change on previous year | 10 |
| 2010s | 3.76 % change on previous year | 1.15 % change on previous year | 6.41 % change on previous year | 10 |
| 2020s | 8.74 % change on previous year | -14.45 % change on previous year | 18.38 % change on previous year | 5 |
Countries ranked near Belize
- 30 Sao Tome and Principe 15.38 % change on previous year compare
- 31 Zimbabwe 14.95 % change on previous year compare
- 32 Samoa 14.9 % change on previous year compare
- 34 Gambia 14.59 % change on previous year compare
- 35 Burkina Faso 14.35 % change on previous year compare
- 36 Kyrgyzstan 14.21 % change on previous year compare
More economy & growth data for Belize
- Real gdp growth, annual growth rate 601 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.94 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 120.67 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0711 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0112 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 88.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Belize?
- Gross domestic product — value standard local currency, annual growth in Belize was 14.64 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Belize?
- The highest recorded value was 65.79 % change on previous year in 1973.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Belize?
- The lowest recorded value was -14.45 % change on previous year in 2020.
- How does Belize rank for gross domestic product — value standard local currency, annual growth?
- Belize ranks 33rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Belize?
- Over the last ten years it is up 185.2%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.