Total debt service in Belize
Belize: Total debt service was 4.1% in 2024. ◆ Volatile
Total debt service in Belize, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Belize recorded 4.1% for total debt service in 2024.
Compared with earlier readings it is up 6.6% on the previous year and down 9.9% over ten years.
Over the whole period, total debt service in Belize peaked at 42.0% in 2007 and was at its lowest, 0.0%, in 1970.
That places Belize 60th out of 121 countries with data for 2024, putting it in the middle of the range.
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 GNI | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +27.9% |
| 1972 | 0.1% | +137.0% |
| 1973 | 0.7% | +927.2% |
| 1974 | 0.5% | -28.1% |
| 1975 | 0.4% | -10.7% |
| 1976 | 0.4% | -4.0% |
| 1977 | 0.4% | -9.7% |
| 1978 | 0.3% | -6.3% |
| 1979 | 0.5% | +60.4% |
| 1980 | 1.4% | +161.6% |
| 1981 | 1.5% | +6.3% |
| 1982 | 2.6% | +74.3% |
| 1983 | 3.2% | +21.9% |
| 1984 | 3.1% | -4.9% |
| 1985 | 6.3% | +106.6% |
| 1986 | 5.2% | -17.8% |
| 1987 | 4.3% | -16.9% |
| 1988 | 4.0% | -6.8% |
| 1989 | 3.6% | -10.7% |
| 1990 | 3.4% | -5.7% |
| 1991 | 2.8% | -17.8% |
| 1992 | 2.4% | -14.9% |
| 1993 | 2.5% | +3.9% |
| 1994 | 3.3% | +34.9% |
| 1995 | 4.6% | +38.2% |
| 1996 | 4.9% | +6.3% |
| 1997 | 4.7% | -4.4% |
| 1998 | 5.1% | +9.7% |
| 1999 | 4.9% | -4.5% |
| 2000 | 7.1% | +45.4% |
| 2001 | 8.8% | +23.4% |
| 2002 | 16.0% | +82.7% |
| 2003 | 12.6% | -21.6% |
| 2004 | 25.7% | +104.1% |
| 2005 | 16.8% | -34.3% |
| 2006 | 9.4% | -44.0% |
| 2007 | 42.0% | +345.3% |
| 2008 | 9.4% | -77.7% |
| 2009 | 7.9% | -16.1% |
| 2010 | 7.9% | +0.5% |
| 2011 | 7.6% | -4.1% |
| 2012 | 8.6% | +13.7% |
| 2013 | 7.1% | -17.9% |
| 2014 | 4.6% | -34.9% |
| 2015 | 4.7% | +1.4% |
| 2016 | 4.8% | +3.0% |
| 2017 | 4.9% | +1.4% |
| 2018 | 5.3% | +9.5% |
| 2019 | 4.7% | -12.0% |
| 2020 | 4.0% | -14.8% |
| 2021 | 26.3% | +557.1% |
| 2022 | 2.8% | -89.2% |
| 2023 | 3.9% | +37.3% |
| 2024 | 4.1% | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3% | 0.0% | 0.7% | 10 |
| 1980s | 3.5% | 1.4% | 6.3% | 10 |
| 1990s | 3.9% | 2.4% | 5.1% | 10 |
| 2000s | 15.6% | 7.1% | 42.0% | 10 |
| 2010s | 6.0% | 4.6% | 8.6% | 10 |
| 2020s | 8.2% | 2.8% | 26.3% | 5 |
Countries ranked near Belize
- 57 Kyrgyzstan 4.6% compare
- 58 Pakistan 4.5% compare
- 59 Fiji 4.4% compare
- 61 Burkina Faso 4.1% compare
- 62 Mauritania 3.8% compare
- 63 Lesotho 3.8% 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.31 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8496 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 6,526 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.31 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.7 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 13,052 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.18 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7035 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is total debt service in Belize?
- Total debt service in Belize was 4.1% 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 42.0% in 2007.
- What is the lowest total debt service recorded in Belize?
- The lowest recorded value was 0.0% in 1970.
- How does Belize rank for total debt service?
- Belize ranks 60th out of 121 countries with data for 2024.
- Is total debt service rising or falling in Belize?
- Over the last ten years it is down 9.9%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.