Industry (including construction), value added in Belize
Belize: Industry (including construction), value added was 466.81 million current US$ in 2024. ◆ Volatile
Industry (including construction), value added in Belize, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, industry (including construction), value added in Belize stood at 466.81 million current US$. That is the highest value across all 47 years on record.
Compared with earlier readings it is up 6.1% on the previous year and up 37.8% over ten years.
Over the whole period, industry (including construction), value added in Belize peaked at 466.81 million current US$ in 2024 and was at its lowest, 30.35 million current US$, in 1979.
Belize ranks 179th of 209 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Belize, year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 31.05 million current US$ | — |
| 1979 | 30.35 million current US$ | -2.3% |
| 1980 | 68.90 million current US$ | +127.0% |
| 1981 | 62.20 million current US$ | -9.7% |
| 1982 | 51.55 million current US$ | -17.1% |
| 1983 | 54.00 million current US$ | +4.8% |
| 1984 | 66.70 million current US$ | +23.5% |
| 1985 | 61.75 million current US$ | -7.4% |
| 1986 | 65.35 million current US$ | +5.8% |
| 1987 | 88.70 million current US$ | +35.7% |
| 1988 | 102.45 million current US$ | +15.5% |
| 1989 | 118.75 million current US$ | +15.9% |
| 1990 | 128.34 million current US$ | +8.1% |
| 1991 | 140.43 million current US$ | +9.4% |
| 1992 | 160.40 million current US$ | +14.2% |
| 1993 | 177.52 million current US$ | +10.7% |
| 1994 | 164.42 million current US$ | -7.4% |
| 1995 | 174.49 million current US$ | +6.1% |
| 1996 | 182.82 million current US$ | +4.8% |
| 1997 | 179.28 million current US$ | -1.9% |
| 1998 | 191.37 million current US$ | +6.7% |
| 1999 | 201.72 million current US$ | +5.4% |
| 2000 | 258.87 million current US$ | +28.3% |
| 2001 | 245.09 million current US$ | -5.3% |
| 2002 | 247.76 million current US$ | +1.1% |
| 2003 | 226.90 million current US$ | -8.4% |
| 2004 | 245.45 million current US$ | +8.2% |
| 2005 | 252.21 million current US$ | +2.8% |
| 2006 | 302.52 million current US$ | +19.9% |
| 2007 | 343.87 million current US$ | +13.7% |
| 2008 | 351.93 million current US$ | +2.3% |
| 2009 | 327.22 million current US$ | -7.0% |
| 2010 | 318.56 million current US$ | -2.6% |
| 2011 | 345.67 million current US$ | +8.5% |
| 2012 | 308.78 million current US$ | -10.7% |
| 2013 | 321.73 million current US$ | +4.2% |
| 2014 | 338.65 million current US$ | +5.3% |
| 2015 | 319.17 million current US$ | -5.8% |
| 2016 | 345.88 million current US$ | +8.4% |
| 2017 | 319.30 million current US$ | -7.7% |
| 2018 | 312.42 million current US$ | -2.2% |
| 2019 | 334.55 million current US$ | +7.1% |
| 2020 | 332.22 million current US$ | -0.7% |
| 2021 | 411.31 million current US$ | +23.8% |
| 2022 | 440.85 million current US$ | +7.2% |
| 2023 | 439.83 million current US$ | -0.2% |
| 2024 | 466.81 million current US$ | +6.1% |
Belize compared with similar countries
- Belize's 466.81 million current US$ is below the median for upper middle income countries, which is 15.93 billion current US$, 3% of the median. (59 countries reporting)
- Belize's 466.81 million current US$ is below the median for Latin America & Caribbean, which is 8.88 billion current US$, 5% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Industry (including construction), value added in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +127.0% | 30.35 million current US$ | 68.90 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.70 million current US$ | 30.35 million current US$ | 31.05 million current US$ | 2 |
| 1980s | 74.03 million current US$ | 51.55 million current US$ | 118.75 million current US$ | 10 |
| 1990s | 170.08 million current US$ | 128.34 million current US$ | 201.72 million current US$ | 10 |
| 2000s | 280.18 million current US$ | 226.90 million current US$ | 351.93 million current US$ | 10 |
| 2010s | 326.47 million current US$ | 308.78 million current US$ | 345.88 million current US$ | 10 |
| 2020s | 418.20 million current US$ | 332.22 million current US$ | 466.81 million current US$ | 5 |
Countries ranked near Belize
- 176 Cayman Islands 593.36 million current US$ compare
- 177 Andorra 575.51 million current US$ compare
- 178 Isle of Man 565.39 million current US$ compare
- 180 Bermuda 450.16 million current US$ compare
- 181 Curacao 433.98 million current US$ compare
- 182 Antigua and Barbuda 424.89 million 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$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is industry (including construction), value added in Belize?
- Industry (including construction), value added in Belize was 466.81 million current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Belize?
- The highest recorded value was 466.81 million current US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Belize?
- The lowest recorded value was 30.35 million current US$ in 1979.
- How does Belize rank for industry (including construction), value added?
- Belize ranks 179th out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Belize?
- Over the last ten years it is up 37.8%. 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 Industry (including construction), value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.