Gross value added at basic prices (GVA) in Belize
Belize: Gross value added at basic prices (GVA) was 2.72 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Belize, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross value added at basic prices (gva) in Belize stood at 2.72 billion current US$. That is the highest value across all 47 years on record.
That represents a change of up 5.3% on the previous year and up 44.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Belize peaked at 2.72 billion current US$ in 2024 and was at its lowest, 125.95 million current US$, in 1978.
That places Belize 177th out of 207 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Belize, year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 125.95 million current US$ | — |
| 1979 | 138.45 million current US$ | +9.9% |
| 1980 | 237.00 million current US$ | +71.2% |
| 1981 | 241.80 million current US$ | +2.0% |
| 1982 | 230.25 million current US$ | -4.8% |
| 1983 | 243.75 million current US$ | +5.9% |
| 1984 | 269.40 million current US$ | +10.5% |
| 1985 | 265.60 million current US$ | -1.4% |
| 1986 | 285.35 million current US$ | +7.4% |
| 1987 | 340.40 million current US$ | +19.3% |
| 1988 | 380.50 million current US$ | +11.8% |
| 1989 | 444.20 million current US$ | +16.7% |
| 1990 | 491.17 million current US$ | +10.6% |
| 1991 | 535.93 million current US$ | +9.1% |
| 1992 | 627.81 million current US$ | +17.1% |
| 1993 | 677.83 million current US$ | +8.0% |
| 1994 | 690.77 million current US$ | +1.9% |
| 1995 | 734.33 million current US$ | +6.3% |
| 1996 | 758.96 million current US$ | +3.4% |
| 1997 | 777.54 million current US$ | +2.4% |
| 1998 | 824.77 million current US$ | +6.1% |
| 1999 | 903.04 million current US$ | +9.5% |
| 2000 | 1.03 billion current US$ | +14.1% |
| 2001 | 1.05 billion current US$ | +1.9% |
| 2002 | 1.11 billion current US$ | +5.5% |
| 2003 | 1.17 billion current US$ | +5.4% |
| 2004 | 1.25 billion current US$ | +7.1% |
| 2005 | 1.32 billion current US$ | +5.3% |
| 2006 | 1.42 billion current US$ | +7.5% |
| 2007 | 1.52 billion current US$ | +7.2% |
| 2008 | 1.55 billion current US$ | +1.9% |
| 2009 | 1.51 billion current US$ | -2.2% |
| 2010 | 1.55 billion current US$ | +2.5% |
| 2011 | 1.62 billion current US$ | +4.8% |
| 2012 | 1.69 billion current US$ | +4.2% |
| 2013 | 1.79 billion current US$ | +5.9% |
| 2014 | 1.88 billion current US$ | +4.9% |
| 2015 | 1.89 billion current US$ | +0.7% |
| 2016 | 1.90 billion current US$ | +0.5% |
| 2017 | 1.93 billion current US$ | +1.4% |
| 2018 | 1.93 billion current US$ | +0.2% |
| 2019 | 2.02 billion current US$ | +4.2% |
| 2020 | 1.76 billion current US$ | -12.7% |
| 2021 | 2.09 billion current US$ | +18.5% |
| 2022 | 2.42 billion current US$ | +15.7% |
| 2023 | 2.58 billion current US$ | +7.0% |
| 2024 | 2.72 billion current US$ | +5.3% |
Belize compared with similar countries
- Belize's 2.72 billion current US$ is below the median for upper middle income countries, which is 39.41 billion current US$, 7% of the median. (58 countries reporting)
- Belize's 2.72 billion current US$ is below the median for Latin America & Caribbean, which is 26.28 billion current US$, 10% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +71.2% | 138.45 million current US$ | 237.00 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 132.20 million current US$ | 125.95 million current US$ | 138.45 million current US$ | 2 |
| 1980s | 293.82 million current US$ | 230.25 million current US$ | 444.20 million current US$ | 10 |
| 1990s | 702.22 million current US$ | 491.17 million current US$ | 903.04 million current US$ | 10 |
| 2000s | 1.29 billion current US$ | 1.03 billion current US$ | 1.55 billion current US$ | 10 |
| 2010s | 1.82 billion current US$ | 1.55 billion current US$ | 2.02 billion current US$ | 10 |
| 2020s | 2.31 billion current US$ | 1.76 billion current US$ | 2.72 billion current US$ | 5 |
Countries ranked near Belize
- 174 Greenland 3.19 billion current US$ compare
- 175 Burundi 3.06 billion current US$ compare
- 176 Curacao 3.02 billion current US$ compare
- 178 Central African Republic 2.71 billion current US$ compare
- 179 Cape Verde 2.56 billion current US$ compare
- 180 Guinea-Bissau 2.41 billion current US$ 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$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Belize?
- Gross value added at basic prices (gva) in Belize was 2.72 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Belize?
- The highest recorded value was 2.72 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Belize?
- The lowest recorded value was 125.95 million current US$ in 1978.
- How does Belize rank for gross value added at basic prices (gva)?
- Belize ranks 177th out of 207 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Belize?
- Over the last ten years it is up 44.8%. 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 value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.