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Total debt service in Belize

Belize: Total debt service was 7.7% in 2024. ◆ Volatile

Latest (2024)
7.7%
Change on year
up 4.4%
World rank
95th
of 120 countries
All-time high
79.0%
in 2007
All-time low
5.6%
in 2022
Years of data
41
1984–2024

Total debt service in Belize, 1984–2024

0204060801984200420241984: 6.7 % of exports of goods, services and primary income1985: 13.4 % of exports of goods, services and primary income1986: 11 % of exports of goods, services and primary income1987: 9.6 % of exports of goods, services and primary income1988: 8.3 % of exports of goods, services and primary income1989: 7.9 % of exports of goods, services and primary income1990: 7.2 % of exports of goods, services and primary income1991: 6.4 % of exports of goods, services and primary income1992: 5.6 % of exports of goods, services and primary income1993: 6.3 % of exports of goods, services and primary income1994: 8.9 % of exports of goods, services and primary income1995: 12.2 % of exports of goods, services and primary income1996: 12.8 % of exports of goods, services and primary income1997: 11.7 % of exports of goods, services and primary income1998: 13.8 % of exports of goods, services and primary income1999: 11.6 % of exports of goods, services and primary income2000: 17.9 % of exports of goods, services and primary income2001: 22.3 % of exports of goods, services and primary income2002: 39 % of exports of goods, services and primary income2003: 29.4 % of exports of goods, services and primary income2004: 61.9 % of exports of goods, services and primary income2005: 36.8 % of exports of goods, services and primary income2006: 17.6 % of exports of goods, services and primary income2007: 79 % of exports of goods, services and primary income2008: 16.9 % of exports of goods, services and primary income2009: 17.1 % of exports of goods, services and primary income2010: 15.2 % of exports of goods, services and primary income2011: 13.8 % of exports of goods, services and primary income2012: 14.9 % of exports of goods, services and primary income2013: 12.7 % of exports of goods, services and primary income2014: 8.4 % of exports of goods, services and primary income2015: 9.4 % of exports of goods, services and primary income2016: 10.5 % of exports of goods, services and primary income2017: 10.1 % of exports of goods, services and primary income2018: 10.5 % of exports of goods, services and primary income2019: 9.4 % of exports of goods, services and primary income2020: 11 % of exports of goods, services and primary income2021: 58.9 % of exports of goods, services and primary income2022: 5.6 % of exports of goods, services and primary income2023: 7.3 % of exports of goods, services and primary income2024: 7.7 % of exports of goods, services and primary income

Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.

Analysis

The most recent figure for total debt service in Belize is 7.7%, measured in 2024.

That represents a change of up 4.4% on the previous year and down 9.1% over ten years.

Over the whole period, total debt service in Belize peaked at 79.0% in 2007 and was at its lowest, 5.6%, in 2022.

That places Belize 95th out of 120 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.

Total debt service in Belize, year by year

Year % of exports of goods, services and primary income Change
1984 6.7% —
1985 13.4% +100.8%
1986 11.0% -17.9%
1987 9.6% -12.8%
1988 8.3% -13.5%
1989 7.9% -4.9%
1990 7.2% -9.1%
1991 6.4% -11.1%
1992 5.6% -12.5%
1993 6.3% +12.6%
1994 8.9% +41.1%
1995 12.2% +37.8%
1996 12.8% +4.7%
1997 11.7% -8.2%
1998 13.8% +17.5%
1999 11.6% -15.7%
2000 17.9% +54.4%
2001 22.3% +24.6%
2002 39.0% +74.7%
2003 29.4% -24.7%
2004 61.9% +110.5%
2005 36.8% -40.4%
2006 17.6% -52.3%
2007 79.0% +348.9%
2008 16.9% -78.6%
2009 17.1% +1.4%
2010 15.2% -11.0%
2011 13.8% -9.2%
2012 14.9% +7.5%
2013 12.7% -14.3%
2014 8.4% -33.8%
2015 9.4% +11.5%
2016 10.5% +11.5%
2017 10.1% -4.1%
2018 10.5% +4.6%
2019 9.4% -11.0%
2020 11.0% +17.7%
2021 58.9% +434.6%
2022 5.6% -90.5%
2023 7.3% +31.9%
2024 7.7% +4.4%

Belize compared with similar countries

  • Belize's 7.7% is below the median for upper middle income countries, which is 14.4%, 53% of the median. (51 countries reporting)
  • Belize's 7.7% is below the median for Latin America & Caribbean, which is 19.8%, 39% of the median. (22 countries reporting)

Biggest year-on-year movements

Years where Total debt service 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.

YearChange FromTo
2021 +434.6% 11.0% 58.9%
2007 +348.9% 17.6% 79.0%

Averages by decade

DecadeAverage LowestHighest Years
1980s 9.5% 6.7% 13.4% 6
1990s 9.6% 5.6% 13.8% 10
2000s 33.8% 16.9% 79.0% 10
2010s 11.5% 8.4% 15.2% 10
2020s 18.1% 5.6% 58.9% 5

Countries ranked near Belize

  1. 92 Rwanda 8.0% compare
  2. 93 Vietnam 7.7% compare
  3. 94 Eswatini 7.7% compare
  4. 96 Myanmar 7.4% compare
  5. 97 Kosovo 7.2% compare
  6. 97 Kosovo (UNSCR 1244) 7.2% compare

See the full ranking of 132 places →

More economy & growth data for Belize

All data for Belize →

Frequently asked questions

What is total debt service in Belize?
Total debt service in Belize was 7.7% in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest total debt service recorded in Belize?
The highest recorded value was 79.0% in 2007.
What is the lowest total debt service recorded in Belize?
The lowest recorded value was 5.6% in 2022.
How does Belize rank for total debt service?
Belize ranks 95th out of 120 countries with data for 2024.
Is total debt service rising or falling in Belize?
Over the last ten years it is down 9.1%. The long-run trend across the full record is volatile.
Where does this Belize data come from?
The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.

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Total debt service in Belize. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 17 September 2026, from https://economy.statizoid.com/stat/total-debt-service-percent-of-exports-of-goods-services-and-primary-income/belize/

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About this data

Indicator
Total debt service (% of exports of goods, services and primary income)
Unit
% of exports of goods, services and primary income
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
132 places, 5,268 data points, 1970–2024
Last refreshed

Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.