Gross domestic savings (% of GDP) in Belize
Belize: Gross domestic savings (% of GDP) was 19.8% in 2024. ▼ Falling
Gross domestic savings in Belize, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross domestic savings in Belize is 19.8%, measured in 2024.
That represents a change of down 3.6% on the previous year and down 5.6% over ten years.
Over the whole period, gross domestic savings in Belize peaked at 56.4% in 1989 and was at its lowest, 15.9%, in 2003.
That places Belize 101st out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 45 years of available data.
Gross domestic savings (% of GDP) in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 50.6% | — |
| 1981 | 48.0% | -5.1% |
| 1982 | 46.0% | -4.3% |
| 1983 | 49.0% | +6.6% |
| 1984 | 54.6% | +11.4% |
| 1985 | 50.8% | -7.1% |
| 1986 | 55.2% | +8.6% |
| 1987 | 55.8% | +1.2% |
| 1988 | 55.6% | -0.3% |
| 1989 | 56.4% | +1.3% |
| 1990 | 55.9% | -0.8% |
| 1991 | 54.8% | -1.9% |
| 1992 | 29.2% | -46.8% |
| 1993 | 31.0% | +6.3% |
| 1994 | 27.6% | -10.9% |
| 1995 | 26.8% | -2.9% |
| 1996 | 25.1% | -6.5% |
| 1997 | 17.7% | -29.5% |
| 1998 | 16.5% | -6.8% |
| 1999 | 18.4% | +11.5% |
| 2000 | 22.2% | +20.7% |
| 2001 | 18.5% | -16.8% |
| 2002 | 16.3% | -11.8% |
| 2003 | 15.9% | -2.3% |
| 2004 | 18.7% | +17.7% |
| 2005 | 21.0% | +12.3% |
| 2006 | 25.8% | +22.4% |
| 2007 | 25.7% | -0.2% |
| 2008 | 23.4% | -9.2% |
| 2009 | 21.8% | -6.7% |
| 2010 | 21.3% | -2.1% |
| 2011 | 22.2% | +4.0% |
| 2012 | 22.2% | +0.1% |
| 2013 | 20.1% | -9.5% |
| 2014 | 20.9% | +4.1% |
| 2015 | 21.4% | +2.3% |
| 2016 | 20.9% | -2.4% |
| 2017 | 20.6% | -1.3% |
| 2018 | 18.6% | -9.8% |
| 2019 | 19.2% | +3.2% |
| 2020 | 19.8% | +3.3% |
| 2021 | 20.4% | +2.8% |
| 2022 | 19.7% | -3.2% |
| 2023 | 20.5% | +3.9% |
| 2024 | 19.8% | -3.6% |
Belize compared with similar countries
- Belize's 19.8% is above the median for upper middle income countries, which is 18.9%, 1.0× the median. (52 countries reporting)
- Belize's 19.8% is above the median for Latin America & Caribbean, which is 16.3%, 1.2× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 | -46.8% | 54.8% | 29.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 52.2% | 46.0% | 56.4% | 10 |
| 1990s | 30.3% | 16.5% | 55.9% | 10 |
| 2000s | 20.9% | 15.9% | 25.8% | 10 |
| 2010s | 20.8% | 18.6% | 22.2% | 10 |
| 2020s | 20.0% | 19.7% | 20.5% | 5 |
Countries ranked near Belize
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 savings in Belize?
- Gross domestic savings in Belize was 19.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Belize?
- The highest recorded value was 56.4% in 1989.
- What is the lowest gross domestic savings recorded in Belize?
- The lowest recorded value was 15.9% in 2003.
- How does Belize rank for gross domestic savings?
- Belize ranks 101st out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Belize?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is falling.
- 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 Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.