Services, value added (current LCU) in Belize
Belize: Services, value added (current LCU) was 4.00 billion current LCU in 2024. ◆ Volatile
Services, value added in Belize, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Belize recorded 4.00 billion current LCU for services, value added in 2024. That is the highest value across all 47 years on record.
The figure is up 5.5% on the previous year and up 51.1% over ten years.
Over the whole period, services, value added in Belize peaked at 4.00 billion current LCU in 2024 and was at its lowest, 110.80 million current LCU, in 1978.
That places Belize 189th out of 206 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU) in Belize, year by year
| Year | current LCU | Change |
|---|---|---|
| 1978 | 110.80 million current LCU | — |
| 1979 | 131.00 million current LCU | +18.2% |
| 1980 | 243.40 million current LCU | +85.8% |
| 1981 | 270.20 million current LCU | +11.0% |
| 1982 | 286.50 million current LCU | +6.0% |
| 1983 | 307.30 million current LCU | +7.3% |
| 1984 | 327.90 million current LCU | +6.7% |
| 1985 | 332.60 million current LCU | +1.4% |
| 1986 | 357.40 million current LCU | +7.5% |
| 1987 | 394.30 million current LCU | +10.3% |
| 1988 | 437.70 million current LCU | +11.0% |
| 1989 | 520.10 million current LCU | +18.8% |
| 1990 | 579.25 million current LCU | +11.4% |
| 1991 | 644.93 million current LCU | +11.3% |
| 1992 | 770.04 million current LCU | +19.4% |
| 1993 | 832.23 million current LCU | +8.1% |
| 1994 | 876.62 million current LCU | +5.3% |
| 1995 | 923.50 million current LCU | +5.3% |
| 1996 | 951.28 million current LCU | +3.0% |
| 1997 | 998.76 million current LCU | +5.0% |
| 1998 | 1.07 billion current LCU | +7.0% |
| 1999 | 1.18 billion current LCU | +10.5% |
| 2000 | 1.30 billion current LCU | +10.2% |
| 2001 | 1.39 billion current LCU | +6.6% |
| 2002 | 1.49 billion current LCU | +7.6% |
| 2003 | 1.61 billion current LCU | +7.8% |
| 2004 | 1.72 billion current LCU | +7.1% |
| 2005 | 1.84 billion current LCU | +7.0% |
| 2006 | 1.92 billion current LCU | +4.4% |
| 2007 | 2.05 billion current LCU | +6.6% |
| 2008 | 2.10 billion current LCU | +2.3% |
| 2009 | 2.08 billion current LCU | -0.9% |
| 2010 | 2.16 billion current LCU | +3.6% |
| 2011 | 2.23 billion current LCU | +3.5% |
| 2012 | 2.37 billion current LCU | +6.2% |
| 2013 | 2.53 billion current LCU | +6.8% |
| 2014 | 2.65 billion current LCU | +4.6% |
| 2015 | 2.73 billion current LCU | +3.0% |
| 2016 | 2.77 billion current LCU | +1.6% |
| 2017 | 2.83 billion current LCU | +2.3% |
| 2018 | 2.92 billion current LCU | +2.9% |
| 2019 | 3.05 billion current LCU | +4.6% |
| 2020 | 2.52 billion current LCU | -17.6% |
| 2021 | 2.97 billion current LCU | +18.0% |
| 2022 | 3.51 billion current LCU | +18.2% |
| 2023 | 3.79 billion current LCU | +8.1% |
| 2024 | 4.00 billion current LCU | +5.5% |
Biggest year-on-year movements
Years where Services, value added (current LCU) 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 |
|---|---|---|---|
| 1980 | +85.8% | 131.00 million current LCU | 243.40 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 120.90 million current LCU | 110.80 million current LCU | 131.00 million current LCU | 2 |
| 1980s | 347.74 million current LCU | 243.40 million current LCU | 520.10 million current LCU | 10 |
| 1990s | 882.71 million current LCU | 579.25 million current LCU | 1.18 billion current LCU | 10 |
| 2000s | 1.75 billion current LCU | 1.30 billion current LCU | 2.10 billion current LCU | 10 |
| 2010s | 2.62 billion current LCU | 2.16 billion current LCU | 3.05 billion current LCU | 10 |
| 2020s | 3.36 billion current LCU | 2.52 billion current LCU | 4.00 billion current LCU | 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 services, value added in Belize?
- Services, value added in Belize was 4.00 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Belize?
- The highest recorded value was 4.00 billion current LCU in 2024.
- What is the lowest services, value added recorded in Belize?
- The lowest recorded value was 110.80 million current LCU in 1978.
- How does Belize rank for services, value added?
- Belize ranks 189th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Belize?
- Over the last ten years it is up 51.1%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.