Services, value added in Belize
Belize: Services, value added was 2.00 billion current US$ in 2024. ◆ Volatile
Services, value added in Belize, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, services, value added in Belize stood at 2.00 billion current US$. 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 2.00 billion current US$ in 2024 and was at its lowest, 55.40 million current US$, in 1978.
That places Belize 175th out of 203 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 60.45 million current US$ | 55.40 million current US$ | 65.50 million current US$ | 2 |
| 1980s | 173.87 million current US$ | 121.70 million current US$ | 260.05 million current US$ | 10 |
| 1990s | 441.35 million current US$ | 289.62 million current US$ | 590.70 million current US$ | 10 |
| 2000s | 875.29 million current US$ | 650.66 million current US$ | 1.05 billion current US$ | 10 |
| 2010s | 1.31 billion current US$ | 1.08 billion current US$ | 1.53 billion current US$ | 10 |
| 2020s | 1.68 billion current US$ | 1.26 billion current US$ | 2.00 billion current US$ | 5 |
Countries ranked near Belize
- 172 Liberia 2.10 billion current US$ compare
- 173 Cape Verde 2.08 billion current US$ compare
- 174 Greenland 2.03 billion current US$ compare
- 176 Saint Lucia 1.96 billion current US$ compare
- 177 Bhutan 1.90 billion current US$ compare
- 178 Seychelles 1.62 billion current US$ compare
More economy & growth data for Belize
- External balance on goods and services as a percent of GDP 1.5% (2024)
- Inflation of consumer prices 1.1% (2025)
- GDP per capita 6,374 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 6.6% (2024)
- Gross domestic product (GDP) 2.70 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,374 constant 2015 US$ (2025)
- DEC alternative conversion factor 2 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 299.82 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 149.91 million current US$ (2025)
- Taxes less subsidies on products 963.64 million current LCU (2024)
Frequently asked questions
- What is services, value added in Belize?
- Services, value added in Belize was 2.00 billion current US$ 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 2.00 billion current US$ in 2024.
- What is the lowest services, value added recorded in Belize?
- The lowest recorded value was 55.40 million current US$ in 1978.
- How does Belize rank for services, value added?
- Belize ranks 175th out of 203 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 US$). 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 indicator is expressed in United States dollars.