Volume of remittances (in United States dollars) as a proportion of in Belize
Belize: Volume of remittances (in United States dollars) as a proportion of was 4.8% in 2024. ▲ Rising
Latest (2024)
4.8%
Change on year
down 1.8%
World rank
68th
of 203 countries
All-time high
5.9%
in 2020
All-time low
2.2%
in 2002
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Belize, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Belize stood at 4.8%.
That represents a change of down 1.8% on the previous year and up 28.1% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Belize peaked at 5.9% in 2020 and was at its lowest, 2.2%, in 2002.
That places Belize 68th out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Belize, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.2% | — |
| 2001 | 2.4% | +10.9% |
| 2002 | 2.2% | -11.0% |
| 2003 | 2.5% | +13.9% |
| 2004 | 2.4% | -2.2% |
| 2005 | 3.0% | +26.1% |
| 2006 | 4.0% | +32.3% |
| 2007 | 4.3% | +6.8% |
| 2008 | 4.4% | +2.7% |
| 2009 | 4.7% | +5.8% |
| 2010 | 4.5% | -4.0% |
| 2011 | 4.1% | -7.9% |
| 2012 | 4.0% | -3.7% |
| 2013 | 3.7% | -7.7% |
| 2014 | 3.8% | +2.8% |
| 2015 | 3.9% | +2.9% |
| 2016 | 4.3% | +11.7% |
| 2017 | 4.0% | -7.8% |
| 2018 | 4.0% | +1.7% |
| 2019 | 4.1% | +0.5% |
| 2020 | 5.9% | +45.0% |
| 2021 | 5.6% | -5.4% |
| 2022 | 5.0% | -10.2% |
| 2023 | 4.9% | -2.1% |
| 2024 | 4.8% | -1.8% |
Belize compared with similar countries
- Belize's 4.8% is above the median for upper middle income countries, which is 3.6%, 1.3× the median. (53 countries reporting)
- Belize's 4.8% is above the median for Latin America & Caribbean, which is 2.8%, 1.7× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | 2.2% | 4.7% | 10 |
| 2010s | 4.0% | 3.7% | 4.5% | 10 |
| 2020s | 5.2% | 4.8% | 5.9% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.40 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0004 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 3.3 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240,004 BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 0.5675 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Belize?
- Volume of remittances (in united states dollars) as a proportion of in Belize was 4.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Belize?
- The highest recorded value was 5.9% in 2020.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Belize?
- The lowest recorded value was 2.2% in 2002.
- How does Belize rank for volume of remittances (in united states dollars) as a proportion of?
- Belize ranks 68th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Belize?
- Over the last ten years it is up 28.1%. The long-run trend across the full record is rising.
- Where does this Belize data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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