Gross savings in Belize
Belize: Gross savings was 20.3% in 2024. ◆ Volatile
Gross savings in Belize, 1984–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Belize is 20.3%, measured in 2024.
Compared with earlier readings it is down 1.4% on the previous year and up 13.2% over ten years.
Over the whole period, gross savings in Belize peaked at 62.5% in 1987 and was at its lowest, 12.2%, in 2003.
That places Belize 99th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 60.7% | — |
| 1985 | 58.6% | -3.4% |
| 1986 | 62.0% | +5.7% |
| 1987 | 62.5% | +0.9% |
| 1988 | 60.3% | -3.5% |
| 1989 | 60.7% | +0.7% |
| 1990 | 59.8% | -1.5% |
| 1991 | 57.9% | -3.1% |
| 1992 | 31.4% | -45.8% |
| 1993 | 32.4% | +3.4% |
| 1994 | 27.9% | -14.1% |
| 1995 | 28.1% | +0.9% |
| 1996 | 25.6% | -8.8% |
| 1997 | 19.0% | -25.9% |
| 1998 | 16.9% | -11.2% |
| 1999 | 18.2% | +7.9% |
| 2000 | 22.6% | +24.5% |
| 2001 | 16.1% | -28.8% |
| 2002 | 14.4% | -11.0% |
| 2003 | 12.2% | -15.0% |
| 2004 | 13.7% | +12.1% |
| 2005 | 16.8% | +22.5% |
| 2006 | 22.5% | +34.5% |
| 2007 | 21.9% | -2.9% |
| 2008 | 20.3% | -7.3% |
| 2009 | 21.1% | +4.2% |
| 2010 | 18.7% | -11.6% |
| 2011 | 21.5% | +15.0% |
| 2012 | 19.9% | -7.3% |
| 2013 | 17.8% | -10.4% |
| 2014 | 18.0% | +0.6% |
| 2015 | 20.3% | +12.8% |
| 2016 | 20.8% | +2.7% |
| 2017 | 18.2% | -12.4% |
| 2018 | 15.2% | -16.6% |
| 2019 | 15.7% | +3.2% |
| 2020 | 22.7% | +45.0% |
| 2021 | 22.4% | -1.5% |
| 2022 | 18.7% | -16.7% |
| 2023 | 20.6% | +10.6% |
| 2024 | 20.3% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 60.8% | 58.6% | 62.5% | 6 |
| 1990s | 31.7% | 16.9% | 59.8% | 10 |
| 2000s | 18.2% | 12.2% | 22.6% | 10 |
| 2010s | 18.6% | 15.2% | 21.5% | 10 |
| 2020s | 20.9% | 18.7% | 22.7% | 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)
- Services, value added (constant LCU), per capita 8,090 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 1.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.31 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8496 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 6,526 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.31 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.7 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 13,052 current LCU per person (2024)
Frequently asked questions
- What is gross savings in Belize?
- Gross savings in Belize was 20.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Belize?
- The highest recorded value was 62.5% in 1987.
- What is the lowest gross savings recorded in Belize?
- The lowest recorded value was 12.2% in 2003.
- How does Belize rank for gross savings?
- Belize ranks 99th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Belize?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.