Belize
BLZLatin America & Caribbean Upper middle incomeCapital: Belmopan▶About Belize
Belize's GDP is $3.44B (2026), with a population of 417,072, and GDP per capita of $8,116. Key indicators include real GDP growth of 2.4%, inflation at 1.9%, unemployment at 2.6%, government debt at 63.5% of GDP, life expectancy of 73.6 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
Located in Latin America and the Caribbean, this upper middle-income country has a GDP of $3.44 billion in 2026, ranking 167th globally. The economy exhibits moderate growth with a real GDP increase of 2.4% in 2026 and a GDP per capita of $8,000. The country's trade openness is significant, with trade accounting for 109.0% of GDP in 2024, indicating a strong reliance on external markets. Foreign Direct Investment (FDI) inflows contribute 4.0% to GDP, reflecting ongoing investment interest. The unemployment rate is projected to be 2.6% in 2026, down from 8.9% in 2025, suggesting improving labor market conditions. The population stands at 417,072 as of 2024, with a life expectancy at birth of 73.6 years in 2023. The adult literacy rate is 87.9% as of 2022, and health spending constitutes 4.1% of GDP in 2023. The fertility rate is 2.0 births per woman, indicating a stable population growth rate. Gross National Income (GNI) per capita is $7,000 in 2024, reflecting the economic standing of its citizens.
▶Economy30 indicators · 2021–2027 · IMF / WB
▶Fiscal & Monetary14 indicators · 2024–2027 · IMF / WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Inflation, Consumer Prices (%) | 1.3% | 2027 | ▼ 31.6% | IMF |
| Govt Gross Debt (% of GDP) | 63.2% | 2027 | ▼ 0.5% | IMF |
| Fiscal Balance (% of GDP) | -1.8% | 2027 | ▼ 20.0% | IMF |
| Current Account Balance (% of GDP) | -1.6% | 2027 | ▲ 0.0% | IMF |
| Unemployment Rate (%) | 2.6% | 2027 | ▲ 0.0% | IMF |
| Inflation, CPI (%, World Bank) | 3.3% | 2024 | ▼ 25.1% | WB |
| Real Interest Rate (%) | 6.9% | 2024 | ▲ 323.5% | WB |
| Lending Interest Rate (%) | 8.4% | 2024 | ▼ 0.2% | WB |
| Deposit Interest Rate (%) | 2.1% | 2024 | ▼ 0.7% | WB |
| Total Reserves incl. Gold (USD) | $498.1M | 2024 | ▲ 5.1% | WB |
| Total Reserves (months of imports) | 3.2 | 2024 | ▼ 4.4% | WB |
| Official Exchange Rate (per USD) | 2 | 2024 | ▲ 0.0% | WB |
| PPP Conversion Factor | 1.07 | 2024 | ▼ 1.0% | WB |
| Broad Money (% of GDP) | 75.9% | 2024 | ▲ 4.2% | WB |
▶Trade15 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Trade (% of GDP) | 109.0% | 2024 | ▲ 2.4% | WB |
| Exports of Goods & Services (% of GDP) | 55.2% | 2024 | ▲ 0.5% | WB |
| Imports of Goods & Services (% of GDP) | 53.7% | 2024 | ▲ 4.4% | WB |
| Exports of Goods & Services (USD) | $1.77B | 2024 | ▲ 5.5% | WB |
| Imports of Goods & Services (USD) | $1.72B | 2024 | ▲ 9.6% | WB |
| Merchandise Exports (USD) | $482.0M | 2024 | ▼ 1.2% | WB |
| Merchandise Imports (USD) | $1.46B | 2024 | ▲ 8.5% | WB |
| FDI Inflows (% of GDP) | 4.0% | 2024 | ▲ 663.2% | WB |
| FDI Outflows (% of GDP) | 0.1% | 2024 | ▲ 10.3% | WB |
| FDI Net Inflows (USD) | $128.5M | 2024 | ▲ 701.0% | WB |
| Personal Remittances Received (USD) | $154.1M | 2024 | ▲ 3.1% | WB |
| Personal Remittances Received (% of GDP) | 4.8% | 2024 | ▼ 1.8% | WB |
| High-Tech Exports (% of manufactured) | 0.0% | 2024 | — | WB |
| Current Account Balance (% of GDP) | -1.6% | 2024 | ▼ 149.1% | WB |
| Current Account Balance (USD) | $-51.7M | 2024 | ▼ 161.4% | WB |
▶External Debt7 indicators · 2023–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| External Debt (% of GNI) | 46.0% | 2024 | ▼ 10.4% | WB |
| External Debt Stocks (USD) | $1.56B | 2024 | ▲ 2.7% | WB |
| Total Debt Service (% of GNI) | 4.1% | 2024 | ▲ 6.6% | WB |
| Present Value of External Debt (USD) | $1.18B | 2024 | — | WB |
| Use of IMF Credit (USD) | $56.7M | 2024 | ▼ 2.8% | WB |
| Net ODA Received (% of GNI) | 1.1% | 2023 | ▲ 39.8% | WB |
| Net ODA Received (USD) | $31.9M | 2023 | ▲ 51.6% | WB |
▶Finance6 indicators · 2022–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Domestic Credit to Private Sector (% of GDP) | 41.3% | 2024 | ▼ 1.8% | WB |
| Bank Capital to Assets Ratio (%) | 9.0% | 2022 | ▼ 14.2% | WB |
| Bank Nonperforming Loans (%) | 4.9% | 2022 | ▼ 73.3% | WB |
| Account Ownership at Financial Institution (%) | 68.0% | 2024 | — | WB |
| Account Ownership, Female (%) | 65.2% | 2024 | — | WB |
| Account Ownership, Male (%) | 71.1% | 2024 | — | WB |
▶People23 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Population | 417,072 | 2024 | ▲ 1.5% | WB |
| Population Growth (%) | 1.4% | 2024 | ▼ 30.0% | WB |
| Population Density (per km²) | 18 | 2023 | ▲ 2.1% | WB |
| Surface Area (sq km) | 22,966 | 2023 | ▼ 0.0% | WB |
| Land Area (sq km) | 22,810 | 2023 | ▲ 0.0% | WB |
| Urban Population (%) | 41.8% | 2024 | ▼ 0.5% | WB |
| Urban Population (total) | 174,141 | 2024 | ▲ 1.0% | WB |
| Rural Population (%) | 58.2% | 2024 | ▲ 0.3% | WB |
| Life Expectancy at Birth | 73.6 years | 2023 | ▲ 1.9% | WB |
| Life Expectancy, Male | 70.9 years | 2023 | ▲ 1.9% | WB |
| Life Expectancy, Female | 76.5 years | 2023 | ▲ 1.9% | WB |
| Fertility Rate (births per woman) | 2 | 2023 | ▲ 3.0% | WB |
| Birth Rate (per 1,000) | 18 | 2023 | ▲ 3.6% | WB |
| Death Rate (per 1,000) | 4.9 | 2023 | ▼ 8.9% | WB |
| Net Migration | 360 | 2025 | ▼ 26.5% | WB |
| Population Ages 0–14 (%) | 26.6% | 2024 | ▼ 1.5% | WB |
| Population Ages 15–64 (%) | 68.4% | 2024 | ▲ 0.3% | WB |
| Population Ages 65+ (%) | 5.0% | 2024 | ▲ 3.8% | WB |
| Age Dependency Ratio (%) | 46.2% | 2024 | ▼ 1.1% | WB |
| Old-Age Dependency Ratio (%) | 7.3% | 2024 | ▲ 3.4% | WB |
| Youth Dependency Ratio (%) | 38.9% | 2024 | ▼ 1.9% | WB |
| Mortality Rate, Adult Male (per 1,000) | 190.8 | 2023 | ▼ 11.3% | WB |
| Mortality Rate, Adult Female (per 1,000) | 102.3 | 2023 | ▼ 16.5% | WB |
▶Labor18 indicators · 2019–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Total Labor Force | 184,286 | 2025 | ▲ 5.9% | WB |
| Labor Force Participation (%) | 59.1% | 2025 | ▲ 4.0% | WB |
| Female Labor Force Participation (%) | 46.5% | 2025 | ▲ 6.0% | WB |
| Male Labor Force Participation (%) | 71.6% | 2025 | ▲ 2.7% | WB |
| Unemployment (%) | 8.9% | 2025 | ▲ 1.8% | WB |
| Female Unemployment (%) | 13.5% | 2025 | ▲ 0.1% | WB |
| Male Unemployment (%) | 5.9% | 2025 | ▲ 2.6% | WB |
| Youth Unemployment (%) | 19.3% | 2025 | ▲ 4.1% | WB |
| Employment in Agriculture (%) | 16.1% | 2025 | ▼ 1.6% | WB |
| Employment in Industry (%) | 15.3% | 2025 | ▼ 0.4% | WB |
| Employment in Services (%) | 68.5% | 2025 | ▲ 0.5% | WB |
| Vulnerable Employment (%) | 29.8% | 2025 | ▼ 0.5% | WB |
| Wage & Salaried Workers (% of total) | 64.8% | 2025 | ▲ 0.2% | WB |
| Employers (% of total employment) | 5.3% | 2025 | ▲ 0.1% | WB |
| Labor Force, Female (% of total) | 39.2% | 2025 | ▲ 2.0% | WB |
| Employment to Population Ratio (%) | 53.9% | 2025 | ▲ 3.8% | WB |
| Self-Employed (% of total) | 35.2% | 2025 | ▼ 0.4% | WB |
| NEET Youth (% not in education/employment) | 24.9% | 2019 | — | WB |
▶Education21 indicators · 2017–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Education Spending (% of GDP) | 4.6% | 2024 | ▲ 9.2% | WB |
| Education Spending (% of govt expenditure) | 18.9% | 2024 | ▲ 2.0% | WB |
| Adult Literacy Rate (%) | 87.9% | 2022 | — | WB |
| Female Literacy Rate (%) | 87.9% | 2022 | — | WB |
| Male Literacy Rate (%) | 87.9% | 2022 | — | WB |
| Youth Literacy Rate (%) | 96.2% | 2022 | — | WB |
| Primary School Enrollment (%) | 96.5% | 2024 | ▼ 1.3% | WB |
| Secondary School Enrollment (%) | 86.5% | 2024 | ▲ 3.4% | WB |
| Tertiary School Enrollment (%) | 24.8% | 2024 | ▲ 10.9% | WB |
| Primary Completion Rate (%) | 94.2% | 2024 | ▼ 2.4% | WB |
| Lower Secondary Completion Rate (%) | 79.1% | 2024 | ▲ 16.5% | WB |
| Out-of-School Children, Primary | 4,953 | 2024 | ▼ 6.9% | WB |
| Out-of-School Girls, Primary | 2,317 | 2024 | ▼ 2.5% | WB |
| Primary School Teachers | 2,497 | 2024 | ▼ 0.9% | WB |
| Secondary School Teachers | 2,319 | 2024 | ▲ 0.0% | WB |
| Pupil-Teacher Ratio, Primary | 20 | 2018 | — | WB |
| Pupil-Teacher Ratio, Secondary | 17 | 2018 | — | WB |
| Expenditure per Student, Primary (% of GDP/cap) | 31.4% | 2017 | — | WB |
| Pupil-Teacher Ratio (Primary) | 96.1 | 2023 | ▲ 10.5% | WB |
| Education Spending, Secondary (% of govt) | 40.0% | 2017 | — | WB |
| Education Spending, Tertiary (% of govt) | 9.5% | 2017 | — | WB |
▶Health39 indicators · 2015–2024 · WHO
▶Energy & Environment14 indicators · 2020–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| CO₂ Emissions (tonnes per capita) | 0.9 | 2024 | ▲ 2.1% | WB |
| CO₂ Emissions (total kilotonnes) | 0 | 2024 | ▲ 3.5% | WB |
| Renewable Electricity Output (%) | 92.9% | 2021 | ▼ 1.5% | WB |
| Renewable Energy Consumption (%) | 30.8% | 2022 | ▲ 15.8% | WB |
| Access to Electricity (%) | 99.6% | 2023 | ▲ 1.0% | WB |
| Access to Clean Fuels for Cooking (%) | 82.9% | 2023 | ▼ 0.1% | WB |
| PM2.5 Air Pollution (µg/m³) | 28.7 | 2020 | — | WB |
| Forest Area (%) | 54.5% | 2023 | ▼ 0.9% | WB |
| Forest Area (sq km) | 12,436 | 2023 | ▼ 0.9% | WB |
| Arable Land (%) | 4.4% | 2023 | ▲ 0.0% | WB |
| Terrestrial Protected Areas (%) | 26.8% | 2024 | ▲ 27.0% | WB |
| Marine Protected Areas (%) | 20.4% | 2024 | ▲ 85.5% | WB |
| Access to Basic Drinking Water (%) | 94.8% | 2024 | ▲ 0.0% | WHO |
| Access to Basic Sanitation (%) | 84.3% | 2024 | ▲ 0.1% | WHO |
▶Agriculture11 indicators · 2022–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Agricultural Land (%) | 8.0% | 2023 | ▲ 0.0% | WB |
| Cereal Yield (kg per hectare) | 3,857 | 2023 | ▼ 13.8% | WB |
| Food Production Index (2014–2016=100) | 102.3 | 2022 | ▲ 0.7% | WB |
| Crop Production Index (2014–2016=100) | 98.4 | 2022 | ▼ 1.5% | WB |
| Livestock Production Index (2014–2016=100) | 117.4 | 2022 | ▲ 8.6% | WB |
| Land Under Cereal Production (hectares) | 41,522 | 2023 | ▲ 26.7% | WB |
| Total Fisheries Production (metric tonnes) | 197,660 | 2023 | ▼ 2.7% | WB |
| Fertilizer Consumption (kg per hectare) | 337.5 | 2023 | ▲ 167.4% | WB |
| Prevalence of Undernourishment (%) | 7.0% | 2023 | ▲ 20.7% | WB |
| Annual Freshwater Withdrawals (% of internal) | 0.7% | 2022 | ▲ 0.0% | WB |
| Cereal Production (metric tons) | 160,169 | 2023 | ▲ 9.2% | WB |
▶Technology10 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Internet Users (%) | 72.4% | 2023 | ▲ 0.8% | WB |
| Mobile Subscriptions (per 100 people) | 67 | 2022 | ▲ 0.6% | WB |
| Fixed Broadband Subscriptions (per 100) | 9.8 | 2022 | ▲ 7.1% | WB |
| Secure Internet Servers (per million) | 464,560.1 | 2024 | ▲ 14.5% | WB |
| Patent Applications, Non-Residents | 27 | 2021 | ▲ 17.4% | WB |
| Scientific Journal Articles | 18 | 2022 | ▲ 41.7% | WB |
| High-Technology Exports (USD) | $13 | 2024 | — | WB |
| ICT Service Exports (% of service exports) | 10.0% | 2024 | ▼ 0.2% | WB |
| ICT Service Exports (USD) | $115.8M | 2024 | ▲ 10.2% | WB |
| Industrial Design Applications, Resident | 5 | 2021 | ▲ 0.0% | WB |
▶Infrastructure5 indicators · 2019–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Air Transport, Passengers Carried | 776,198 | 2023 | ▼ 9.1% | WB |
| Air Transport, Freight (million ton-km) | 3.4 | 2023 | ▲ 1.9% | WB |
| Container Port Traffic (TEU) | 20,259 | 2019 | — | WB |
| Electricity from Oil (%) | 7.1% | 2021 | ▲ 26.2% | WB |
| Electricity from Nuclear (%) | 0.0% | 2021 | — | WB |
▶Gender7 indicators · 2018–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Women in Parliament (%) | 15.6% | 2024 | ▲ 0.0% | WB |
| Female Wage & Salaried Workers (%) | 63.0% | 2025 | ▲ 0.2% | WB |
| Girls Out-of-School Rate (%) | 97.7% | 2018 | — | WB |
| Adolescent Fertility Rate (per 1,000) | 55.2 | 2023 | ▲ 3.4% | WB |
| Gender Parity Index, Primary | 98.49 | 2018 | — | WB |
| Gender Parity Index, Secondary | 1.03 | 2021 | ▼ 0.8% | WB |
| Gender Parity in Primary Education | 0.95 | 2021 | ▲ 0.0% | WB |
▶Governance10 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Control of Corruption | -0.23 | 2023 | ▲ 4.6% | WB |
| Government Effectiveness | -0.38 | 2023 | ▼ 5.5% | WB |
| Political Stability | 0.59 | 2023 | ▲ 3.8% | WB |
| Regulatory Quality | -0.43 | 2023 | ▲ 1.9% | WB |
| Rule of Law | -0.64 | 2023 | ▲ 11.7% | WB |
| Voice & Accountability | 0.54 | 2023 | ▲ 0.7% | WB |
| Control of Corruption (percentile rank) | 48.1% | 2023 | ▲ 0.0% | WB |
| Government Effectiveness (percentile rank) | 36.8% | 2023 | ▲ 1.3% | WB |
| Rule of Law (percentile rank) | 27.8% | 2023 | ▲ 13.5% | WB |
| Political Stability (percentile rank) | 65.4% | 2023 | ▲ 0.5% | WB |
▶Military6 indicators · 2020–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Military Spending (% of GDP) | 0.9% | 2024 | ▼ 9.5% | WB |
| Military Expenditure (USD) | $30.1M | 2024 | ▼ 1.4% | WB |
| Armed Forces Personnel | 2,000 | 2020 | — | WB |
| Armed Forces (% of labor force) | 1.3% | 2020 | — | WB |
| Military Spending (% of govt expenditure) | 3.8% | 2024 | ▼ 8.1% | WB |
| Intentional Homicides (per 100,000) | 28.1 | 2022 | ▼ 11.3% | WB |
▶Tourism2 indicators · 2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| International Tourism, Arrivals | 487,000 | 2020 | — | WB |
| Tourism Expenditures (USD) | $22.0M | 2020 | — | WB |
▶Urban Development3 indicators · 2022–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Urban Population Growth (%) | 1.0% | 2024 | ▼ 38.8% | WB |
| Population in Slums (% of urban) | 15.7% | 2022 | ▲ 0.0% | WB |
| Rural Population Growth (%) | 1.8% | 2024 | ▼ 25.8% | WB |