Industry (including construction), value added in Belize
Belize: Industry (including construction), value added was 14.6% in 2024. ▼ Falling
Industry (including construction), value added in Belize, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, industry (including construction), value added in Belize stood at 14.6%.
The figure is up 1.1% on the previous year and down 8.0% over ten years.
Over the whole period, industry (including construction), value added in Belize peaked at 26.8% in 1980 and was at its lowest, 13.7%, in 2018.
That places Belize 166th out of 207 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 47 years of available data.
Industry (including construction), value added in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 22.8% | — |
| 1979 | 20.0% | -12.2% |
| 1980 | 26.8% | +33.9% |
| 1981 | 23.9% | -10.9% |
| 1982 | 20.7% | -13.1% |
| 1983 | 20.6% | -0.7% |
| 1984 | 23.0% | +11.5% |
| 1985 | 21.5% | -6.4% |
| 1986 | 21.0% | -2.4% |
| 1987 | 23.9% | +13.9% |
| 1988 | 24.3% | +1.7% |
| 1989 | 24.2% | -0.5% |
| 1990 | 23.5% | -2.9% |
| 1991 | 23.5% | +0.3% |
| 1992 | 23.1% | -2.0% |
| 1993 | 23.6% | +2.4% |
| 1994 | 21.3% | -9.7% |
| 1995 | 21.3% | +0.1% |
| 1996 | 21.5% | +0.9% |
| 1997 | 20.5% | -4.5% |
| 1998 | 20.6% | +0.3% |
| 1999 | 20.2% | -2.0% |
| 2000 | 22.7% | +12.7% |
| 2001 | 20.9% | -8.1% |
| 2002 | 19.9% | -4.8% |
| 2003 | 17.3% | -12.9% |
| 2004 | 17.5% | +1.1% |
| 2005 | 17.1% | -2.4% |
| 2006 | 19.0% | +11.2% |
| 2007 | 20.2% | +6.0% |
| 2008 | 20.2% | +0.4% |
| 2009 | 19.4% | -4.2% |
| 2010 | 18.2% | -6.0% |
| 2011 | 18.9% | +3.6% |
| 2012 | 16.1% | -14.7% |
| 2013 | 15.8% | -1.9% |
| 2014 | 15.8% | +0.2% |
| 2015 | 14.6% | -8.1% |
| 2016 | 15.4% | +6.1% |
| 2017 | 14.1% | -8.8% |
| 2018 | 13.7% | -3.0% |
| 2019 | 14.0% | +2.8% |
| 2020 | 16.2% | +15.5% |
| 2021 | 16.9% | +4.4% |
| 2022 | 15.5% | -8.6% |
| 2023 | 14.4% | -7.0% |
| 2024 | 14.6% | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.4% | 20.0% | 22.8% | 2 |
| 1980s | 23.0% | 20.6% | 26.8% | 10 |
| 1990s | 21.9% | 20.2% | 23.6% | 10 |
| 2000s | 19.4% | 17.1% | 22.7% | 10 |
| 2010s | 15.7% | 13.7% | 18.9% | 10 |
| 2020s | 15.5% | 14.4% | 16.9% | 5 |
Countries ranked near Belize
- 163 Grenada 15.5% compare
- 164 Greece 15.2% compare
- 165 Saint Vincent and the Grenadines 15.1% compare
- 167 Afghanistan 14.5% compare
- 168 Seychelles 14.3% compare
- 169 Malawi 14.3% 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)
- GNI, Atlas method (current US$), annual growth rate 6.86 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9575 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 7,531 current US$ per person (2025)
- GNI (current US$), annual growth rate 2.87 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9505 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 7,476 current US$ per person (2025)
- GNI (current LCU), annual growth rate 2.87 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1.9 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is industry (including construction), value added in Belize?
- Industry (including construction), value added in Belize was 14.6% 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 26.8% in 1980.
- What is the lowest industry (including construction), value added recorded in Belize?
- The lowest recorded value was 13.7% in 2018.
- How does Belize rank for industry (including construction), value added?
- Belize ranks 166th out of 207 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Belize?
- Over the last ten years it is down 8.0%. 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 Offices (NSOs), published as part of Industry (including construction), value added (% of GDP). 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 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.