Annual GDP growth in Belize
Belize: Annual GDP growth was 3.5% in 2024. ◆ Volatile
Annual GDP growth in Belize, 1980–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Belize stood at 3.5%.
Compared with earlier readings it is up 601.0% on the previous year and down 9.9% over ten years.
Over the whole period, annual gdp growth in Belize peaked at 22.0% in 1987 and was at its lowest, -13.5%, in 2020.
That places Belize 95th 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.
Annual GDP growth in Belize, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 5.0% | — |
| 1981 | 0.2% | -95.7% |
| 1982 | -7.6% | -3628.5% |
| 1983 | 6.1% | -180.5% |
| 1984 | 11.3% | +86.5% |
| 1985 | -1.4% | -112.5% |
| 1986 | 7.3% | -612.7% |
| 1987 | 22.0% | +202.4% |
| 1988 | 10.9% | -50.6% |
| 1989 | 15.5% | +42.5% |
| 1990 | 11.2% | -27.6% |
| 1991 | 11.8% | +5.1% |
| 1992 | 12.7% | +8.1% |
| 1993 | 6.1% | -51.8% |
| 1994 | -0.0% | -100.3% |
| 1995 | 0.7% | -3760.0% |
| 1996 | 1.1% | +51.0% |
| 1997 | 4.2% | +283.3% |
| 1998 | 3.9% | -8.1% |
| 1999 | 9.4% | +142.0% |
| 2000 | 12.2% | +29.9% |
| 2001 | 5.0% | -59.2% |
| 2002 | 5.4% | +8.1% |
| 2003 | 9.7% | +79.0% |
| 2004 | 4.8% | -50.5% |
| 2005 | 2.2% | -53.6% |
| 2006 | 4.5% | +103.3% |
| 2007 | 3.3% | -26.0% |
| 2008 | -1.6% | -148.7% |
| 2009 | -0.4% | -72.5% |
| 2010 | 1.4% | -417.0% |
| 2011 | -0.1% | -109.2% |
| 2012 | 3.9% | -3133.8% |
| 2013 | 4.1% | +3.1% |
| 2014 | 3.9% | -4.3% |
| 2015 | 2.8% | -29.1% |
| 2016 | -0.0% | -100.7% |
| 2017 | -1.8% | +9547.4% |
| 2018 | 0.8% | -144.8% |
| 2019 | 4.3% | +417.9% |
| 2020 | -13.5% | -417.7% |
| 2021 | 18.0% | -233.0% |
| 2022 | 9.3% | -48.6% |
| 2023 | 0.5% | -94.6% |
| 2024 | 3.5% | +601.0% |
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 3.4%, 1.0× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Annual 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 | -9547.4% | -0.0% | -1.8% |
| 1995 | +3760.0% | -0.0% | 0.7% |
| 1982 | -3628.5% | 0.2% | -7.6% |
| 2012 | +3133.8% | -0.1% | 3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.9% | -7.6% | 22.0% | 10 |
| 1990s | 6.1% | -0.0% | 12.7% | 10 |
| 2000s | 4.5% | -1.6% | 12.2% | 10 |
| 2010s | 1.9% | -1.8% | 4.3% | 10 |
| 2020s | 3.5% | -13.5% | 18.0% | 5 |
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 annual gdp growth in Belize?
- Annual gdp growth in Belize was 3.5% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Belize?
- The highest recorded value was 22.0% in 1987.
- What is the lowest annual gdp growth recorded in Belize?
- The lowest recorded value was -13.5% in 2020.
- How does Belize rank for annual gdp growth?
- Belize ranks 95th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Belize?
- Over the last ten years it is down 9.9%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.