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$, in 1978.
That places Belize 178th out of 206 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Belize, year by year
| Year | current US$ | Change |
|---|---|---|
| 1978 | 55.40 million current US$ | — |
| 1979 | 65.50 million current US$ | +18.2% |
| 1980 | 121.70 million current US$ | +85.8% |
| 1981 | 135.10 million current US$ | +11.0% |
| 1982 | 143.25 million current US$ | +6.0% |
| 1983 | 153.65 million current US$ | +7.3% |
| 1984 | 163.95 million current US$ | +6.7% |
| 1985 | 166.30 million current US$ | +1.4% |
| 1986 | 178.70 million current US$ | +7.5% |
| 1987 | 197.15 million current US$ | +10.3% |
| 1988 | 218.85 million current US$ | +11.0% |
| 1989 | 260.05 million current US$ | +18.8% |
| 1990 | 289.62 million current US$ | +11.4% |
| 1991 | 322.47 million current US$ | +11.3% |
| 1992 | 385.02 million current US$ | +19.4% |
| 1993 | 416.12 million current US$ | +8.1% |
| 1994 | 438.31 million current US$ | +5.3% |
| 1995 | 461.75 million current US$ | +5.3% |
| 1996 | 475.64 million current US$ | +3.0% |
| 1997 | 499.38 million current US$ | +5.0% |
| 1998 | 534.52 million current US$ | +7.0% |
| 1999 | 590.70 million current US$ | +10.5% |
| 2000 | 650.66 million current US$ | +10.2% |
| 2001 | 693.43 million current US$ | +6.6% |
| 2002 | 746.13 million current US$ | +7.6% |
| 2003 | 804.17 million current US$ | +7.8% |
| 2004 | 861.00 million current US$ | +7.1% |
| 2005 | 921.27 million current US$ | +7.0% |
| 2006 | 961.51 million current US$ | +4.4% |
| 2007 | 1.03 billion current US$ | +6.6% |
| 2008 | 1.05 billion current US$ | +2.3% |
| 2009 | 1.04 billion current US$ | -0.9% |
| 2010 | 1.08 billion current US$ | +3.6% |
| 2011 | 1.12 billion current US$ | +3.5% |
| 2012 | 1.18 billion current US$ | +6.2% |
| 2013 | 1.27 billion current US$ | +6.8% |
| 2014 | 1.32 billion current US$ | +4.6% |
| 2015 | 1.36 billion current US$ | +3.0% |
| 2016 | 1.39 billion current US$ | +1.6% |
| 2017 | 1.42 billion current US$ | +2.3% |
| 2018 | 1.46 billion current US$ | +2.9% |
| 2019 | 1.53 billion current US$ | +4.6% |
| 2020 | 1.26 billion current US$ | -17.6% |
| 2021 | 1.48 billion current US$ | +18.0% |
| 2022 | 1.75 billion current US$ | +18.2% |
| 2023 | 1.90 billion current US$ | +8.1% |
| 2024 | 2.00 billion current US$ | +5.5% |
Belize compared with similar countries
- Belize's 2.00 billion current US$ is below the median for upper middle income countries, which is 24.02 billion current US$, 8% of the median. (58 countries reporting)
- Belize's 2.00 billion current US$ is below the median for Latin America & Caribbean, which is 15.17 billion current US$, 13% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +85.8% | 65.50 million current US$ | 121.70 million current US$ |
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
- 175 Liberia 2.10 billion current US$ compare
- 176 Cape Verde 2.08 billion current US$ compare
- 177 Greenland 2.03 billion current US$ compare
- 179 Saint Lucia 1.96 billion current US$ compare
- 180 Bhutan 1.90 billion current US$ compare
- 181 Seychelles 1.62 billion current US$ 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)
- 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$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Belize?
- Services, value added in Belize was 2.00 billion current US$ 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 178th 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 US$). Statizoid updates them automatically from the source API.
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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.