Gross Domestic Product — Value Standard Local Currency in Belize
Belize: Gross Domestic Product — Value Standard Local Currency was 7,059 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Belize, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Belize stood at 7,059 million SLC. That is the highest value across all 55 years on record.
The figure is up 14.6% on the previous year and up 65.0% over ten years.
Over the whole period, gross domestic product — value standard local currency in Belize peaked at 7,059 million SLC in 2024 and was at its lowest, 46.53 million SLC, in 1970.
Belize ranks 191st of 218 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 — Value Standard Local Currency in Belize, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 46.53 million SLC | — |
| 1971 | 58.16 million SLC | +25.0% |
| 1972 | 73.67 million SLC | +26.7% |
| 1973 | 122.14 million SLC | +65.8% |
| 1974 | 170.75 million SLC | +39.8% |
| 1975 | 209.07 million SLC | +22.4% |
| 1976 | 202.87 million SLC | -3.0% |
| 1977 | 234.31 million SLC | +15.5% |
| 1978 | 267.54 million SLC | +14.2% |
| 1979 | 312.71 million SLC | +16.9% |
| 1980 | 431.2 million SLC | +37.9% |
| 1981 | 427.21 million SLC | -0.9% |
| 1982 | 396.98 million SLC | -7.1% |
| 1983 | 418.58 million SLC | +5.4% |
| 1984 | 467.08 million SLC | +11.6% |
| 1985 | 463.31 million SLC | -0.8% |
| 1986 | 504.73 million SLC | +8.9% |
| 1987 | 644.07 million SLC | +27.6% |
| 1988 | 771.5 million SLC | +19.8% |
| 1989 | 935.78 million SLC | +21.3% |
| 1990 | 1,051 million SLC | +12.3% |
| 1991 | 1,134 million SLC | +7.9% |
| 1992 | 1,322 million SLC | +16.6% |
| 1993 | 1,428 million SLC | +8.0% |
| 1994 | 1,482 million SLC | +3.8% |
| 1995 | 1,582 million SLC | +6.7% |
| 1996 | 1,636 million SLC | +3.4% |
| 1997 | 1,669 million SLC | +2.0% |
| 1998 | 1,757 million SLC | +5.3% |
| 1999 | 1,868 million SLC | +6.3% |
| 2000 | 2,122 million SLC | +13.6% |
| 2001 | 2,223 million SLC | +4.7% |
| 2002 | 2,377 million SLC | +7.0% |
| 2003 | 2,526 million SLC | +6.3% |
| 2004 | 2,697 million SLC | +6.8% |
| 2005 | 2,834 million SLC | +5.1% |
| 2006 | 3,088 million SLC | +9.0% |
| 2007 | 3,290 million SLC | +6.5% |
| 2008 | 3,402 million SLC | +3.4% |
| 2009 | 3,327 million SLC | -2.2% |
| 2010 | 3,500 million SLC | +5.2% |
| 2011 | 3,661 million SLC | +4.6% |
| 2012 | 3,823 million SLC | +4.4% |
| 2013 | 4,068 million SLC | +6.4% |
| 2014 | 4,277 million SLC | +5.1% |
| 2015 | 4,417 million SLC | +3.3% |
| 2016 | 4,511 million SLC | +2.1% |
| 2017 | 4,563 million SLC | +1.2% |
| 2018 | 4,616 million SLC | +1.2% |
| 2019 | 4,805 million SLC | +4.1% |
| 2020 | 4,111 million SLC | -14.5% |
| 2021 | 4,866 million SLC | +18.4% |
| 2022 | 5,679 million SLC | +16.7% |
| 2023 | 6,157 million SLC | +8.4% |
| 2024 | 7,059 million SLC | +14.6% |
Belize compared with similar countries
- Belize's 7,059 million SLC is below the median for upper middle income countries, which is 913,929 million SLC, 1% of the median. (54 countries reporting)
- Belize's 7,059 million SLC is below the median for Latin America & Caribbean, which is 147,748 million SLC, 5% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1973 | +65.8% | 73.67 million SLC | 122.14 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 169.78 million SLC | 46.53 million SLC | 312.71 million SLC | 10 |
| 1980s | 546.05 million SLC | 396.98 million SLC | 935.78 million SLC | 10 |
| 1990s | 1,493 million SLC | 1,051 million SLC | 1,868 million SLC | 10 |
| 2000s | 2,789 million SLC | 2,122 million SLC | 3,402 million SLC | 10 |
| 2010s | 4,224 million SLC | 3,500 million SLC | 4,805 million SLC | 10 |
| 2020s | 5,574 million SLC | 4,111 million SLC | 7,059 million SLC | 5 |
Countries ranked near Belize
- 188 Liechtenstein 7,419 million SLC compare
- 189 Netherlands Antilles (former) 7,176 million SLC compare
- 190 Aruba 7,074 million SLC compare
- 192 Saint Lucia 6,882 million SLC compare
- 193 Cayman Islands 6,293 million SLC compare
- 194 Antigua and Barbuda 6,089 million SLC 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 — value standard local currency in Belize?
- Gross domestic product — value standard local currency in Belize was 7,059 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Belize?
- The highest recorded value was 7,059 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Belize?
- The lowest recorded value was 46.53 million SLC in 1970.
- How does Belize rank for gross domestic product — value standard local currency?
- Belize ranks 191st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Belize?
- Over the last ten years it is up 65.0%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).