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Belize
Belize
HistorySaid – pattern
Belize matched the Export Boom Cycle pattern in 1990. 3 pattern matches detected historically. View →
HistorySaid – ranking
Belize ranks 26th globally by GDP ($3.2B in 2024). View →
HistorySaid – inflation
Inflation in Belize fell from 4.4% (2023) to 3.3% (2024) – a 1.1pp shift. View →
HistorySaid – population
Belize has a population of 417,072 as of 2024 (growth: 1.45%). View →
Economy & Growth
GDP $3.2B
GDP per Capita $7,681
GDP Growth 3.50%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 7.75% | 8.14% | 7.95% | 7.84% Trend | 7.79% Trend | 7.73% Trend | – | – | – |
| GDP | $2.8B | $3.1B | $3.2B | $3.3B IMF WEO Oct 2025 | $3.4B IMF WEO Oct 2025 | $3.6B IMF WEO Oct 2025 | $3.7B IMF WEO Oct 2025 | $3.8B IMF WEO Oct 2025 | $3.9B IMF WEO Oct 2025 |
| GDP Deflator | 7.29% | 6.69% | 1.40% | 6.10% Trend | 7.12% Trend | 8.13% Trend | – | – | – |
| GDP Growth | 9.25% | 0.50% | 3.50% | 1.49% IMF WEO Oct 2025 | 2.44% IMF WEO Oct 2025 | 2.17% IMF WEO Oct 2025 | 2.08% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 |
| GDP PPP | $5.4B | $5.6B | $6.0B | $6.2B IMF WEO Oct 2025 | $6.5B IMF WEO Oct 2025 | $6.7B IMF WEO Oct 2025 | $7.0B IMF WEO Oct 2025 | $7.3B IMF WEO Oct 2025 | $7.6B IMF WEO Oct 2025 |
| GDP per Capita | $7,068 | $7,425 | $7,681 | $7,897 IMF WEO Oct 2025 | $8,116 IMF WEO Oct 2025 | $8,267 IMF WEO Oct 2025 | $8,417 IMF WEO Oct 2025 | $8,565 IMF WEO Oct 2025 | $8,715 IMF WEO Oct 2025 |
| GDP per Capita PPP | $13,461 | $13,730 | $14,347 | $14,921 IMF WEO Oct 2025 | $15,318 IMF WEO Oct 2025 | $15,668 IMF WEO Oct 2025 | $16,009 IMF WEO Oct 2025 | $16,370 IMF WEO Oct 2025 | $16,759 IMF WEO Oct 2025 |
| GNI | $2.7B | $2.9B | $3.1B | $3.4B Trend | $3.7B Trend | $4.0B Trend | – | – | – |
| GNI per Capita | $6,710 | $6,850 | $7,150 | $7,807 Trend | $8,276 Trend | $8,745 Trend | – | – | – |
| Gross Savings | 18.65% | 21.08% | 20.78% | 17.04% IMF WEO Oct 2025 | 16.94% IMF WEO Oct 2025 | 16.83% IMF WEO Oct 2025 | 17.13% IMF WEO Oct 2025 | 17.39% IMF WEO Oct 2025 | 17.62% IMF WEO Oct 2025 |
| Industry Value Added | 15.49% | 14.41% | 14.57% | 13.77% Trend | 13.19% Trend | 12.61% Trend | – | – | – |
| Services Value Added | 61.61% | 62.13% | 62.44% | 62.66% Trend | 62.96% Trend | 63.27% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 3.29%
Consumer Price Index 125.74
PPP Conversion Factor 1.07
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 116.62 | 121.73 | 125.74 | 131.29 Trend | 136.38 Trend | 141.48 Trend | – | – | – |
| Inflation Rate | 6.28% | 4.39% | 3.29% | 1.40% IMF WEO Oct 2025 | 1.91% IMF WEO Oct 2025 | 1.26% IMF WEO Oct 2025 | 1.26% IMF WEO Oct 2025 | 1.26% IMF WEO Oct 2025 | 1.26% IMF WEO Oct 2025 |
| PPP Conversion Factor | 1.05 | 1.08 | 1.07 | 1.07 Trend | 1.07 Trend | 1.07 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 417,072
Population Growth 1.44%
Population Density 18.0
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 18.0 | – | – | 16.5 Trend | 16.1 Trend | – | – |
| Death Rate | 4.9 | – | – | 5.2 Trend | 5.2 Trend | – | – |
| Dependency Ratio | 46.70 | 46.20 | – | 44.91 Trend | 43.90 Trend | 42.88 Trend | – |
| Fertility Rate | 2.01 | – | – | 1.85 Trend | 1.81 Trend | – | – |
| Life Expectancy | 73.6 | – | – | 73.2 Trend | 73.5 Trend | – | – |
| Net Migration | 595 | 490 | 360 | – | 128 Trend | -310 Trend | -748 Trend |
| Population | 411,106 | 417,072 | – | 423,898 Trend | 430,726 Trend | 437,554 Trend | – |
| Population Density | 18.0 | – | – | 18.5 Trend | 18.8 Trend | – | – |
| Population Growth | 2.06% | 1.44% | – | 1.92% Trend | 2.05% Trend | 2.17% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 41.95% | 41.75% | – | 41.50% Trend | 41.28% Trend | 41.06% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 8.86%
Youth Unemployment 19.32%
Labor Force Participation 59.10%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Employment | 16.84% | 16.39% | 16.13% | – | 15.75% Trend | 15.40% Trend | 15.05% Trend | – | – |
| Female Labor Participation | 44.08% | 43.83% | 46.47% | – | 44.83% Trend | 44.79% Trend | 44.75% Trend | – | – |
| Industry Employment | 15.38% | 15.41% | 15.35% | – | 15.16% Trend | 15.03% Trend | 14.90% Trend | – | – |
| Labor Force Participation | 57.62% | 56.85% | 59.10% | – | 57.25% Trend | 56.85% Trend | 56.46% Trend | – | – |
| Services Employment | 67.78% | 68.20% | 68.52% | – | 69.09% Trend | 69.57% Trend | 70.05% Trend | – | – |
| Unemployment Rate | 8.28% | 8.70% | 8.86% | 2.60% IMF WEO Oct 2025 | 2.60% IMF WEO Oct 2025 | 2.60% IMF WEO Oct 2025 | 2.60% IMF WEO Oct 2025 | 2.60% IMF WEO Oct 2025 | 2.60% IMF WEO Oct 2025 |
| Youth Unemployment | 17.83% | 18.55% | 19.32% | – | 17.73% Trend | 17.24% Trend | 16.76% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 21.35%
Government Spending 22.34%
Military Spending 0.90%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -1.04% | -2.42% | -1.23% | -1.13% IMF WEO Oct 2025 | -1.51% IMF WEO Oct 2025 | -1.81% IMF WEO Oct 2025 | -1.70% IMF WEO Oct 2025 | -1.60% IMF WEO Oct 2025 | -1.55% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 66.83% | 67.50% | 65.44% | 64.72% IMF WEO Oct 2025 | 63.50% IMF WEO Oct 2025 | 63.20% IMF WEO Oct 2025 | 62.84% IMF WEO Oct 2025 | 62.45% IMF WEO Oct 2025 | 62.01% IMF WEO Oct 2025 |
| Government Revenue | 22.38% | 23.37% | 25.06% | 26.25% IMF WEO Oct 2025 | 26.62% IMF WEO Oct 2025 | 25.95% IMF WEO Oct 2025 | 25.70% IMF WEO Oct 2025 | 25.70% IMF WEO Oct 2025 | 25.70% IMF WEO Oct 2025 |
| Government Spending | – | – | – | – | – | – | – | – | – |
| Health Spending | 4.22% | 4.15% | – | 3.73% Trend | 3.48% Trend | – | – | – | – |
| Military Spending | 0.98% | 0.99% | 0.90% | 0.80% Trend | 0.71% Trend | 0.63% Trend | – | – | – |
| Tax Revenue | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $1.6B
External Debt to GNI 46.04%
Short-term Debt 0.84%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 5.57% | 7.35% | 7.67% | 0.62% Trend | -5.21% Trend | -11.04% Trend |
| Domestic Credit | – | – | – | – | – | – |
| External Debt | $1.5B | $1.5B | $1.6B | $1.5B Trend | $1.6B Trend | $1.6B Trend |
| External Debt to GNI | 54.23% | 51.37% | 46.04% | 36.37% Trend | 29.11% Trend | 21.86% Trend |
| Interest Payments to Revenue | – | – | – | – | – | – |
| Short-term Debt | 0.67% | 0.76% | 0.84% | 0.91% Trend | 0.99% Trend | 1.06% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 8.42%
Deposit Rate 2.07%
Real Interest Rate 6.92%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 42.49% | 42.04% | 41.28% | 35.75% Trend | 32.43% Trend | 29.11% Trend |
| Deposit Rate | 2.22% | 2.08% | 2.07% | 2.05% Trend | 2.01% Trend | 1.97% Trend |
| Lending Rate | 8.52% | 8.44% | 8.42% | 8.32% Trend | 8.26% Trend | 8.19% Trend |
| M2 Money Supply Growth | 3.48% | 8.21% | 9.36% | 6.28% Trend | 5.35% Trend | 4.42% Trend |
| Non-Performing Loans | 4.89% | – | – | -1.71% Trend | – | – |
| Real Interest Rate | 1.15% | 1.63% | 6.92% | 2.05% Trend | 0.94% Trend | -0.17% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 2.00
Real Effective Exchange Rate 106.28
Foreign Reserves $498.1M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 2.00 | 2.00 | 2.00 | 2.00 Trend | 2.00 Trend | 2.00 Trend |
| Foreign Reserves | $482.1M | $473.7M | $498.1M | $550.5M Trend | $585.9M Trend | $621.2M Trend |
| Real Effective Exchange Rate | 104.90 | 105.05 | 106.28 | 106.57 Trend | 107.25 Trend | 107.94 Trend |
| Reserves in Months of Imports | 3.4 | 3.3 | 3.2 | 2.8 Trend | 2.5 Trend | 2.2 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $1.6B
Imports $1.7B
Trade Balance $47.2M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -8.28% | -0.65% | -1.61% | -1.73% IMF WEO Oct 2025 | -1.60% IMF WEO Oct 2025 | -1.57% IMF WEO Oct 2025 | -1.49% IMF WEO Oct 2025 | -1.44% IMF WEO Oct 2025 | -1.37% IMF WEO Oct 2025 |
| Exports | $1.4B | $1.5B | $1.6B | $2.0B Trend | $2.2B Trend | $2.4B Trend | – | – | – |
| FDI Inflows | 4.95% | 0.53% | 4.01% | 2.46% Trend | 2.05% Trend | 1.64% Trend | – | – | – |
| FDI Outflows | 0.04% | 0.07% | 0.08% | 0.02% Trend | -0.01% Trend | -0.03% Trend | – | – | – |
| Imports | $1.6B | $1.6B | $1.7B | $2.0B Trend | $2.2B Trend | $2.4B Trend | – | – | – |
| Remittances Received | $142.4M | $149.6M | $154.1M | $164.8M Trend | $172.9M Trend | $181.0M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-76.4M | $105.6M | $47.2M | $136.8M Trend | $192.1M Trend | $247.5M Trend | – | – | – |
| Trade Openness | 107.84% | 106.40% | 108.97% | 119.39% Trend | 125.60% Trend | 131.81% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 6.30% | 6.36% | 6.35% | 6.27% Trend | 6.25% Trend | 6.22% Trend |
| Listed Companies | – | – | – | – | – | – |
| Market Capitalization | – | – | – | – | – | – |
| Stock Turnover Ratio | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.59
Government Effectiveness -0.38
Regulatory Quality -0.43
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.33 | -0.24 | -0.23 | -0.28 Trend | -0.29 Trend |
| Government Effectiveness | -0.53 | -0.36 | -0.38 | -0.19 Trend | -0.12 Trend |
| Political Stability | 0.27 | 0.56 | 0.59 | 0.84 Trend | 0.95 Trend |
| Regulatory Quality | -0.42 | -0.44 | -0.43 | -0.33 Trend | -0.30 Trend |
| Rule of Law | -0.80 | -0.72 | -0.64 | -0.55 Trend | -0.49 Trend |
| Voice and Accountability | 0.54 | 0.54 | 0.54 | 0.56 Trend | 0.57 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $309
Infant Mortality Rate 10.8
Maternal Mortality Ratio 67.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $309 | $298 | $309 | $315 Trend | $319 Trend |
| Hospital Beds | 1.09 | 1.07 | 1.00 | 1.04 Trend | 1.04 Trend |
| Infant Mortality Rate | 11.0 | 10.9 | 10.8 | 10.5 Trend | 10.3 Trend |
| Maternal Mortality Ratio | 157.00 | 110.00 | 67.00 | 110.20 Trend | 113.60 Trend |
| Physicians | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 87.88%
Tertiary Enrollment 24.81%
Education Spending 4.62%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 4.60% | 4.23% | 4.62% | 4.05% Trend | 3.76% Trend | 3.47% Trend |
| Literacy Rate | 87.88% | – | – | 93.09% Trend | – | – |
| Primary Enrollment | 101.53% | 97.79% | 96.48% | 90.75% Trend | 86.64% Trend | 82.53% Trend |
| Tertiary Enrollment | 23.98% | 22.37% | 24.81% | 23.08% Trend | 22.73% Trend | 22.37% Trend |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 30.80%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 97.70% | 98.60% | 99.60% | 103.32% Trend | 104.88% Trend |
| Energy Use per Capita | – | – | – | – | – |
| Forest Area | 55.50% | 55.01% | 54.52% | 53.54% Trend | 53.05% Trend |
| Renewable Energy | 26.60% | 30.80% | – | 24.34% Trend | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 72.36%
Mobile Subscriptions 67.18
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 0.00% | 0.00% | 0.00% | -0.39% Trend | -0.60% Trend | -0.81% Trend |
| Internet Users | 71.81% | 72.36% | – | 81.43% Trend | 84.89% Trend | – |
| Mobile Subscriptions | 67.18 | – | – | 69.22 Trend | – | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 39.9
Poverty Rate 1.00%
Income Share Top 10% 30.00%
▾
| Indicator | 1998 | 1999 | 2018 |
|---|---|---|---|
| Gini Index | 54.9 | 53.2 | 39.9 |
| Income Share Bottom 10% | 1.10% | 0.90% | 2.20% |
| Income Share Top 10% | 43.70% | 42.40% | 30.00% |
| Poverty Rate | 26.10% | 22.50% | 1.00% |
Italic values are IMF World Economic Outlook projections.