Real gdp growth in Belize
Belize: Real gdp growth was 3.5 in 2024. ◆ Volatile
Real gdp growth in Belize, 1980–2024
Source: Our World in Data.
Analysis
In 2024, real gdp growth in Belize stood at 3.5.
Compared with earlier readings it is up 600.8% on the previous year and down 10.0% over ten years.
Over the whole period, real gdp growth in Belize peaked at 22 in 1987 and was at its lowest, -13.52, in 2020.
That places Belize 98th out of 196 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.
Real gdp growth in Belize, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 5.01 | — |
| 1981 | 0.2144 | -95.7% |
| 1982 | -7.55 | -3622.6% |
| 1983 | 6.08 | -180.5% |
| 1984 | 11.33 | +86.5% |
| 1985 | -1.42 | -112.5% |
| 1986 | 7.27 | -612.8% |
| 1987 | 22 | +202.4% |
| 1988 | 10.86 | -50.6% |
| 1989 | 15.47 | +42.5% |
| 1990 | 11.21 | -27.6% |
| 1991 | 11.78 | +5.1% |
| 1992 | 12.74 | +8.1% |
| 1993 | 6.14 | -51.8% |
| 1994 | -0.02 | -100.3% |
| 1995 | 0.7316 | -3760.2% |
| 1996 | 1.11 | +51.1% |
| 1997 | 4.23 | +283.1% |
| 1998 | 3.89 | -8.1% |
| 1999 | 9.42 | +142.1% |
| 2000 | 12.24 | +29.9% |
| 2001 | 4.99 | -59.2% |
| 2002 | 5.4 | +8.1% |
| 2003 | 9.67 | +79.0% |
| 2004 | 4.78 | -50.5% |
| 2005 | 2.22 | -53.6% |
| 2006 | 4.51 | +103.3% |
| 2007 | 3.34 | -26.0% |
| 2008 | -1.63 | -148.7% |
| 2009 | -0.4467 | -72.6% |
| 2010 | 1.42 | -417.3% |
| 2011 | -0.1301 | -109.2% |
| 2012 | 3.94 | -3132.1% |
| 2013 | 4.07 | +3.1% |
| 2014 | 3.89 | -4.3% |
| 2015 | 2.76 | -29.1% |
| 2016 | -0.0187 | -100.7% |
| 2017 | -1.83 | +9682.0% |
| 2018 | 0.8221 | -144.8% |
| 2019 | 4.26 | +417.8% |
| 2020 | -13.52 | -417.7% |
| 2021 | 17.99 | -233.0% |
| 2022 | 9.25 | -48.6% |
| 2023 | 0.5001 | -94.6% |
| 2024 | 3.5 | +600.8% |
Belize compared with similar countries
- Belize's 3.5 is above the median for upper middle income countries, which is 3.5, 1.0× the median. (57 countries reporting)
- Belize's 3.5 is above the median for Latin America & Caribbean, which is 3.47, 1.0× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 2017 | -9682.0% | -0.0187 | -1.83 |
| 1995 | +3760.2% | -0.02 | 0.7316 |
| 1982 | -3622.6% | 0.2144 | -7.55 |
| 2012 | +3132.1% | -0.1301 | 3.94 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.93 | -7.55 | 22 | 10 |
| 1990s | 6.12 | -0.02 | 12.74 | 10 |
| 2000s | 4.51 | -1.63 | 12.24 | 10 |
| 2010s | 1.92 | -1.83 | 4.26 | 10 |
| 2020s | 3.54 | -13.52 | 17.99 | 5 |
Countries ranked near Belize
More economy & growth data for Belize
- Real gdp growth, annual growth rate 601 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.94 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 120.67 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0711 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0112 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 88.11 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Belize?
- Real gdp growth in Belize was 3.5 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Belize?
- The highest recorded value was 22 in 1987.
- What is the lowest real gdp growth recorded in Belize?
- The lowest recorded value was -13.52 in 2020.
- How does Belize rank for real gdp growth?
- Belize ranks 98th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Belize?
- Over the last ten years it is down 10.0%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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