Insurance and financial services in Belize
Belize: Insurance and financial services was 14.0% in 2025. ▲ Rising
Insurance and financial services in Belize, 1984–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
The most recent figure for insurance and financial services in Belize is 14.0%, measured in 2025.
The figure is up 12.3% on the previous year and down 30.0% over ten years.
Over the whole period, insurance and financial services in Belize peaked at 24.7% in 2007 and was at its lowest, 3.3%, in 1993.
Belize ranks 23rd of 197 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Insurance and financial services in Belize, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1984 | 5.0% | — |
| 1985 | 5.2% | +4.9% |
| 1986 | 3.4% | -34.7% |
| 1987 | 3.5% | +2.4% |
| 1988 | 3.8% | +9.3% |
| 1989 | 3.8% | -0.3% |
| 1990 | 3.9% | +2.2% |
| 1991 | 4.0% | +4.4% |
| 1992 | 3.7% | -8.5% |
| 1993 | 3.3% | -9.7% |
| 1994 | 9.3% | +177.8% |
| 1995 | 8.8% | -5.4% |
| 1996 | 8.7% | -0.6% |
| 1997 | 8.6% | -1.3% |
| 1998 | 8.7% | +0.8% |
| 1999 | 8.5% | -1.8% |
| 2000 | 9.4% | +9.7% |
| 2001 | 11.0% | +17.5% |
| 2002 | 15.9% | +44.3% |
| 2003 | 18.7% | +18.1% |
| 2004 | 21.9% | +16.9% |
| 2005 | 22.0% | +0.3% |
| 2006 | 17.2% | -21.8% |
| 2007 | 24.7% | +43.8% |
| 2008 | 15.0% | -39.4% |
| 2009 | 16.1% | +7.6% |
| 2010 | 16.3% | +1.1% |
| 2011 | 15.2% | -7.0% |
| 2012 | 17.8% | +17.4% |
| 2013 | 14.6% | -17.9% |
| 2014 | 15.0% | +2.7% |
| 2015 | 19.9% | +33.0% |
| 2016 | 16.0% | -19.8% |
| 2017 | 15.9% | -0.4% |
| 2018 | 19.9% | +25.0% |
| 2019 | 12.8% | -35.7% |
| 2020 | 15.0% | +17.4% |
| 2021 | 15.2% | +0.7% |
| 2022 | 7.7% | -49.1% |
| 2023 | 10.0% | +29.8% |
| 2024 | 12.4% | +24.3% |
| 2025 | 14.0% | +12.3% |
Belize compared with similar countries
- Belize's 14.0% is above the median for upper middle income countries, which is 6.2%, 2.3× the median. (55 countries reporting)
- Belize's 14.0% is above the median for Latin America & Caribbean, which is 10.1%, 1.4× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services 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 |
|---|---|---|---|
| 1994 | +177.8% | 3.3% | 9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.1% | 3.4% | 5.2% | 6 |
| 1990s | 6.8% | 3.3% | 9.3% | 10 |
| 2000s | 17.2% | 9.4% | 24.7% | 10 |
| 2010s | 16.3% | 12.8% | 19.9% | 10 |
| 2020s | 12.4% | 7.7% | 15.2% | 6 |
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)
- 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 insurance and financial services in Belize?
- Insurance and financial services in Belize was 14.0% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Belize?
- The highest recorded value was 24.7% in 2007.
- What is the lowest insurance and financial services recorded in Belize?
- The lowest recorded value was 3.3% in 1993.
- How does Belize rank for insurance and financial services?
- Belize ranks 23rd out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Belize?
- Over the last ten years it is down 30.0%. The long-run trend across the full record is rising.
- Where does this Belize data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.