Trade in services in Belize
Belize: Trade in services was 47.1% in 2025. ▲ Rising
Trade in services in Belize, 1984–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Belize recorded 47.1% for trade in services in 2025.
The figure is down 1.7% on the previous year and up 44.0% over ten years.
Over the whole period, trade in services in Belize peaked at 47.9% in 2024 and was at its lowest, 22.3%, in 1984.
That places Belize 35th out of 199 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Trade in services in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 22.3% | — |
| 1985 | 22.9% | +2.4% |
| 1986 | 26.6% | +16.5% |
| 1987 | 27.5% | +3.1% |
| 1988 | 30.3% | +10.4% |
| 1989 | 30.2% | -0.4% |
| 1990 | 32.1% | +6.2% |
| 1991 | 32.0% | -0.2% |
| 1992 | 32.2% | +0.7% |
| 1993 | 32.3% | +0.2% |
| 1994 | 27.1% | -16.1% |
| 1995 | 27.8% | +2.7% |
| 1996 | 27.0% | -3.1% |
| 1997 | 26.3% | -2.5% |
| 1998 | 25.8% | -2.0% |
| 1999 | 26.3% | +2.0% |
| 2000 | 25.0% | -4.9% |
| 2001 | 24.9% | -0.4% |
| 2002 | 25.2% | +1.5% |
| 2003 | 27.3% | +7.9% |
| 2004 | 27.5% | +1.0% |
| 2005 | 31.6% | +14.8% |
| 2006 | 32.6% | +3.3% |
| 2007 | 33.3% | +2.0% |
| 2008 | 32.0% | -3.9% |
| 2009 | 30.0% | -6.3% |
| 2010 | 29.5% | -1.6% |
| 2011 | 27.9% | -5.4% |
| 2012 | 31.0% | +11.1% |
| 2013 | 32.2% | +3.9% |
| 2014 | 33.6% | +4.3% |
| 2015 | 32.7% | -2.7% |
| 2016 | 33.1% | +1.2% |
| 2017 | 35.9% | +8.5% |
| 2018 | 37.5% | +4.5% |
| 2019 | 38.3% | +2.0% |
| 2020 | 29.1% | -23.9% |
| 2021 | 37.6% | +29.3% |
| 2022 | 42.2% | +12.1% |
| 2023 | 44.9% | +6.3% |
| 2024 | 47.9% | +6.7% |
| 2025 | 47.1% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 26.6% | 22.3% | 30.3% | 6 |
| 1990s | 28.9% | 25.8% | 32.3% | 10 |
| 2000s | 28.9% | 24.9% | 33.3% | 10 |
| 2010s | 33.2% | 27.9% | 38.3% | 10 |
| 2020s | 41.5% | 29.1% | 47.9% | 6 |
Countries ranked near Belize
- 32 Hong Kong 48.6% compare
- 33 Lithuania 48.6% compare
- 34 Saint Vincent and the Grenadines 47.3% compare
- 36 Netherlands 46.9% compare
- 37 Montenegro 46.7% compare
- 38 Albania 46.5% 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)
- Services, value added (constant LCU), per capita 8,090 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 1.06 % change on previous year (2025)
- 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)
Frequently asked questions
- What is trade in services in Belize?
- Trade in services in Belize was 47.1% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Belize?
- The highest recorded value was 47.9% in 2024.
- What is the lowest trade in services recorded in Belize?
- The lowest recorded value was 22.3% in 1984.
- How does Belize rank for trade in services?
- Belize ranks 35th out of 199 countries with data for 2025.
- Is trade in services rising or falling in Belize?
- Over the last ten years it is up 44.0%. The long-run trend across the full record is rising.
- Where does this Belize data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.