Services, value added in Belize
Belize: Services, value added was 2.9% in 2025. ◆ Volatile
Services, value added in Belize, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Belize recorded 2.9% for services, value added in 2025.
Compared with earlier readings it is down 36.1% on the previous year and down 23.5% over ten years.
Over the whole period, services, value added in Belize peaked at 16.7% in 2021 and was at its lowest, -16.5%, in 2020.
That places Belize 122nd out of 198 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Belize, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1981 | 1.6% | — |
| 1982 | 2.0% | +22.5% |
| 1983 | 2.1% | +2.6% |
| 1984 | 3.4% | +65.7% |
| 1985 | 1.2% | -66.1% |
| 1986 | 4.1% | +254.1% |
| 1987 | 8.2% | +98.2% |
| 1988 | 7.6% | -7.7% |
| 1989 | 12.1% | +60.4% |
| 1990 | 8.0% | -33.8% |
| 1991 | 6.8% | -14.9% |
| 1992 | 12.4% | +81.1% |
| 1993 | 5.2% | -57.7% |
| 1994 | 2.7% | -48.6% |
| 1995 | 0.8% | -69.2% |
| 1996 | 1.2% | +40.8% |
| 1997 | 4.0% | +246.3% |
| 1998 | 6.7% | +66.9% |
| 1999 | 8.4% | +24.5% |
| 2000 | 8.7% | +4.2% |
| 2001 | 4.6% | -47.0% |
| 2002 | 5.2% | +12.1% |
| 2003 | 5.9% | +14.2% |
| 2004 | 3.2% | -45.7% |
| 2005 | 4.1% | +28.4% |
| 2006 | 1.1% | -73.2% |
| 2007 | 4.4% | +293.9% |
| 2008 | -0.8% | -119.5% |
| 2009 | -0.9% | +11.8% |
| 2010 | 2.8% | -398.6% |
| 2011 | 0.6% | -80.0% |
| 2012 | 5.4% | +850.0% |
| 2013 | 4.9% | -9.6% |
| 2014 | 2.4% | -50.0% |
| 2015 | 3.8% | +56.8% |
| 2016 | -0.6% | -116.6% |
| 2017 | -0.9% | +46.4% |
| 2018 | 1.2% | -226.2% |
| 2019 | 5.1% | +335.5% |
| 2020 | -16.5% | -421.7% |
| 2021 | 16.7% | -201.2% |
| 2022 | 10.5% | -37.2% |
| 2023 | 2.6% | -75.3% |
| 2024 | 4.6% | +76.9% |
| 2025 | 2.9% | -36.1% |
Belize compared with similar countries
- Belize's 2.9% is below the median for upper middle income countries, which is 3.3%, 89% of the median. (58 countries reporting)
- Belize's 2.9% is below the median for Latin America & Caribbean, which is 3.2%, 91% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Services, 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 |
|---|---|---|---|
| 2012 | +850.0% | 0.6% | 5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.7% | 1.2% | 12.1% | 9 |
| 1990s | 5.6% | 0.8% | 12.4% | 10 |
| 2000s | 3.6% | -0.9% | 8.7% | 10 |
| 2010s | 2.5% | -0.9% | 5.4% | 10 |
| 2020s | 3.5% | -16.5% | 16.7% | 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 services, value added in Belize?
- Services, value added in Belize was 2.9% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Belize?
- The highest recorded value was 16.7% in 2021.
- What is the lowest services, value added recorded in Belize?
- The lowest recorded value was -16.5% in 2020.
- How does Belize rank for services, value added?
- Belize ranks 122nd out of 198 countries with data for 2025.
- Is services, value added rising or falling in Belize?
- Over the last ten years it is down 23.5%. 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 Services, value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.