Trade (% of GDP) in Belize
Belize: Trade (% of GDP) was 109.0% in 2024. ▲ Rising
Trade in Belize, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, trade in Belize stood at 109.0%.
The figure is up 2.4% on the previous year and up 1.7% over ten years.
Over the whole period, trade in Belize peaked at 111.2% in 2012 and was at its lowest, 67.1%, in 1985.
Belize ranks 54th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Trade (% of GDP) in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 78.7% | — |
| 1981 | 80.0% | +1.7% |
| 1982 | 71.8% | -10.2% |
| 1983 | 69.0% | -3.9% |
| 1984 | 80.8% | +17.0% |
| 1985 | 67.1% | -17.0% |
| 1986 | 69.7% | +3.9% |
| 1987 | 76.8% | +10.3% |
| 1988 | 81.5% | +6.0% |
| 1989 | 78.4% | -3.8% |
| 1990 | 79.4% | +1.2% |
| 1991 | 79.2% | -0.3% |
| 1992 | 80.3% | +1.5% |
| 1993 | 75.7% | -5.7% |
| 1994 | 80.9% | +6.8% |
| 1995 | 77.3% | -4.4% |
| 1996 | 79.6% | +2.9% |
| 1997 | 85.5% | +7.4% |
| 1998 | 85.3% | -0.2% |
| 1999 | 93.3% | +9.4% |
| 2000 | 96.6% | +3.5% |
| 2001 | 93.2% | -3.6% |
| 2002 | 93.1% | -0.1% |
| 2003 | 94.4% | +1.4% |
| 2004 | 86.4% | -8.5% |
| 2005 | 93.0% | +7.7% |
| 2006 | 98.9% | +6.3% |
| 2007 | 96.0% | -3.0% |
| 2008 | 105.5% | +9.9% |
| 2009 | 89.6% | -15.1% |
| 2010 | 94.9% | +5.9% |
| 2011 | 106.9% | +12.7% |
| 2012 | 111.2% | +4.0% |
| 2013 | 108.7% | -2.2% |
| 2014 | 107.1% | -1.4% |
| 2015 | 104.1% | -2.8% |
| 2016 | 96.5% | -7.3% |
| 2017 | 97.7% | +1.3% |
| 2018 | 101.0% | +3.4% |
| 2019 | 102.4% | +1.4% |
| 2020 | 81.6% | -20.3% |
| 2021 | 99.0% | +21.2% |
| 2022 | 107.8% | +8.9% |
| 2023 | 106.4% | -1.3% |
| 2024 | 109.0% | +2.4% |
Belize compared with similar countries
- Belize's 109.0% is above the median for upper middle income countries, which is 79.9%, 1.4× the median. (53 countries reporting)
- Belize's 109.0% is above the median for Latin America & Caribbean, which is 79.2%, 1.4× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 75.4% | 67.1% | 81.5% | 10 |
| 1990s | 81.7% | 75.7% | 93.3% | 10 |
| 2000s | 94.6% | 86.4% | 105.5% | 10 |
| 2010s | 103.0% | 94.9% | 111.2% | 10 |
| 2020s | 100.8% | 81.6% | 109.0% | 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 trade in Belize?
- Trade in Belize was 109.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Belize?
- The highest recorded value was 111.2% in 2012.
- What is the lowest trade recorded in Belize?
- The lowest recorded value was 67.1% in 1985.
- How does Belize rank for trade?
- Belize ranks 54th out of 193 countries with data for 2024.
- Is trade rising or falling in Belize?
- Over the last ten years it is up 1.7%. 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 Organizations and/or Central Banks, published as part of Trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Trade is the sum of exports and imports of goods and services. 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.