Services, value added (% of GDP) in Belize
Belize: Services, value added (% of GDP) was 62.4% in 2024. ▲ Rising
Services, value added in Belize, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Belize stood at 62.4%.
That represents a change of up 0.5% on the previous year and up 0.9% over ten years.
Over the whole period, services, value added in Belize peaked at 64.1% in 2019 and was at its lowest, 40.6%, in 1978.
Belize ranks 72nd of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Services, value added (% of GDP) in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 40.6% | — |
| 1979 | 43.1% | +6.2% |
| 1980 | 47.3% | +9.6% |
| 1981 | 51.8% | +9.6% |
| 1982 | 57.6% | +11.2% |
| 1983 | 58.6% | +1.7% |
| 1984 | 56.5% | -3.7% |
| 1985 | 57.9% | +2.5% |
| 1986 | 57.4% | -0.9% |
| 1987 | 53.1% | -7.4% |
| 1988 | 51.9% | -2.3% |
| 1989 | 53.0% | +2.0% |
| 1990 | 53.0% | +0.0% |
| 1991 | 54.0% | +2.0% |
| 1992 | 55.3% | +2.4% |
| 1993 | 55.3% | -0.0% |
| 1994 | 56.8% | +2.7% |
| 1995 | 56.4% | -0.7% |
| 1996 | 55.9% | -0.8% |
| 1997 | 57.2% | +2.3% |
| 1998 | 57.5% | +0.6% |
| 1999 | 59.1% | +2.7% |
| 2000 | 57.2% | -3.2% |
| 2001 | 59.2% | +3.5% |
| 2002 | 60.0% | +1.4% |
| 2003 | 61.5% | +2.5% |
| 2004 | 61.5% | +0.0% |
| 2005 | 62.5% | +1.6% |
| 2006 | 60.5% | -3.3% |
| 2007 | 60.1% | -0.6% |
| 2008 | 60.4% | +0.4% |
| 2009 | 61.6% | +2.1% |
| 2010 | 61.6% | -0.0% |
| 2011 | 60.9% | -1.1% |
| 2012 | 61.8% | +1.5% |
| 2013 | 62.2% | +0.6% |
| 2014 | 61.9% | -0.4% |
| 2015 | 62.2% | +0.4% |
| 2016 | 61.9% | -0.5% |
| 2017 | 62.6% | +1.1% |
| 2018 | 63.8% | +2.0% |
| 2019 | 64.1% | +0.4% |
| 2020 | 61.4% | -4.1% |
| 2021 | 61.1% | -0.5% |
| 2022 | 61.6% | +0.8% |
| 2023 | 62.1% | +0.9% |
| 2024 | 62.4% | +0.5% |
Belize compared with similar countries
- Belize's 62.4% is above the median for upper middle income countries, which is 58.1%, 1.1× the median. (58 countries reporting)
- Belize's 62.4% is above the median for Latin America & Caribbean, which is 59.8%, 1.0× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 41.9% | 40.6% | 43.1% | 2 |
| 1980s | 54.5% | 47.3% | 58.6% | 10 |
| 1990s | 56.1% | 53.0% | 59.1% | 10 |
| 2000s | 60.4% | 57.2% | 62.5% | 10 |
| 2010s | 62.3% | 60.9% | 64.1% | 10 |
| 2020s | 61.7% | 61.1% | 62.4% | 5 |
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)
- 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 in Belize?
- Services, value added in Belize was 62.4% 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 64.1% in 2019.
- What is the lowest services, value added recorded in Belize?
- The lowest recorded value was 40.6% in 1978.
- How does Belize rank for services, value added?
- Belize ranks 72nd 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 0.9%. The long-run trend across the full record is rising.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.