Services, value added (current LCU), annual growth rate in Belize
Belize: Services, value added (current LCU), annual growth rate was 5.48 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Belize, 1979–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Belize recorded 5.48 % change on previous year for services, value added (current lcu), annual growth rate in 2024.
That represents a change of down 32.7% on the previous year and up 18.6% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Belize peaked at 85.8 % change on previous year in 1980 and was at its lowest, -17.56 % change on previous year, in 2020.
Belize ranks 142nd of 204 countries on this measure, 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 (current LCU), annual growth rate in Belize, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1979 | 18.23 % change on previous year | — |
| 1980 | 85.8 % change on previous year | +370.6% |
| 1981 | 11.01 % change on previous year | -87.2% |
| 1982 | 6.03 % change on previous year | -45.2% |
| 1983 | 7.26 % change on previous year | +20.3% |
| 1984 | 6.7 % change on previous year | -7.7% |
| 1985 | 1.43 % change on previous year | -78.6% |
| 1986 | 7.46 % change on previous year | +420.2% |
| 1987 | 10.32 % change on previous year | +38.5% |
| 1988 | 11.01 % change on previous year | +6.6% |
| 1989 | 18.83 % change on previous year | +71.0% |
| 1990 | 11.37 % change on previous year | -39.6% |
| 1991 | 11.34 % change on previous year | -0.3% |
| 1992 | 19.4 % change on previous year | +71.1% |
| 1993 | 8.08 % change on previous year | -58.4% |
| 1994 | 5.33 % change on previous year | -34.0% |
| 1995 | 5.35 % change on previous year | +0.3% |
| 1996 | 3.01 % change on previous year | -43.8% |
| 1997 | 4.99 % change on previous year | +65.9% |
| 1998 | 7.04 % change on previous year | +41.0% |
| 1999 | 10.51 % change on previous year | +49.3% |
| 2000 | 10.15 % change on previous year | -3.4% |
| 2001 | 6.57 % change on previous year | -35.3% |
| 2002 | 7.6 % change on previous year | +15.6% |
| 2003 | 7.78 % change on previous year | +2.4% |
| 2004 | 7.07 % change on previous year | -9.2% |
| 2005 | 7 % change on previous year | -0.9% |
| 2006 | 4.37 % change on previous year | -37.6% |
| 2007 | 6.65 % change on previous year | +52.2% |
| 2008 | 2.32 % change on previous year | -65.1% |
| 2009 | -0.8583 % change on previous year | -137.0% |
| 2010 | 3.6 % change on previous year | -519.1% |
| 2011 | 3.54 % change on previous year | -1.6% |
| 2012 | 6.19 % change on previous year | +74.9% |
| 2013 | 6.78 % change on previous year | +9.5% |
| 2014 | 4.62 % change on previous year | -31.9% |
| 2015 | 2.99 % change on previous year | -35.2% |
| 2016 | 1.61 % change on previous year | -46.3% |
| 2017 | 2.33 % change on previous year | +45.1% |
| 2018 | 2.88 % change on previous year | +23.7% |
| 2019 | 4.61 % change on previous year | +60.1% |
| 2020 | -17.56 % change on previous year | -480.6% |
| 2021 | 17.98 % change on previous year | -202.4% |
| 2022 | 18.19 % change on previous year | +1.1% |
| 2023 | 8.14 % change on previous year | -55.2% |
| 2024 | 5.48 % change on previous year | -32.7% |
Belize compared with similar countries
- Belize's 5.48 % change on previous year is below the median for upper middle income countries, which is 7.79 % change on previous year, 70% of the median. (58 countries reporting)
- Belize's 5.48 % change on previous year is below the median for Latin America & Caribbean, which is 6.37 % change on previous year, 86% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current LCU), annual growth rate 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 |
|---|---|---|---|
| 2010 | +519.1% | -0.8583 % change on previous year | 3.6 % change on previous year |
| 2020 | -480.6% | 4.61 % change on previous year | -17.56 % change on previous year |
| 1986 | +420.2% | 1.43 % change on previous year | 7.46 % change on previous year |
| 1980 | +370.6% | 18.23 % change on previous year | 85.8 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.23 % change on previous year | 18.23 % change on previous year | 18.23 % change on previous year | 1 |
| 1980s | 16.59 % change on previous year | 1.43 % change on previous year | 85.8 % change on previous year | 10 |
| 1990s | 8.64 % change on previous year | 3.01 % change on previous year | 19.4 % change on previous year | 10 |
| 2000s | 5.86 % change on previous year | -0.8583 % change on previous year | 10.15 % change on previous year | 10 |
| 2010s | 3.92 % change on previous year | 1.61 % change on previous year | 6.78 % change on previous year | 10 |
| 2020s | 6.45 % change on previous year | -17.56 % change on previous year | 18.19 % change on previous year | 5 |
Countries ranked near Belize
- 139 China 5.58 % change on previous year compare
- 140 Panama 5.57 % change on previous year compare
- 141 Saint Kitts and Nevis 5.49 % change on previous year compare
- 143 Norway 5.44 % change on previous year compare
- 144 Cyprus 5.43 % change on previous year compare
- 145 Cameroon 5.38 % change on previous year 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0084 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Belize?
- Services, value added (current lcu), annual growth rate in Belize was 5.48 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Belize?
- The highest recorded value was 85.8 % change on previous year in 1980.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Belize?
- The lowest recorded value was -17.56 % change on previous year in 2020.
- How does Belize rank for services, value added (current lcu), annual growth rate?
- Belize ranks 142nd out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Belize?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.