Belize Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Belize's government debt to gdp was 64.72% in 2025, ranked 63rd globally. This represents a 1.1% decrease from 2024. Data from IMF WEO, covering 2001–2025.
Overview
Belize's government debt to gdp stood at 64.72% in 2025, a decline of +0.72% from 2024. The IMF projects 64.72% by 2025. Belize ranked 63rd globally.
Belize’s government debt-to‑GDP ratio has risen steadily since the early 2000s, moving from an all‑time trough of 49.54 % in 2001 to a peak of 103.04 % during the COVID‑19 crisis in 2020, before easing to 64.72 % in 2025, placing the country 63rd in the world. The post‑pandemic decline mirrors the modest de‑leveraging observed in peers such as Thailand (64.94 %) and Germany (64.42 %) in the same year, suggesting that fiscal consolidation measures and improved revenue collection have begun to take effect. Nevertheless, Belize’s debt level remains substantially higher than its pre‑2000 baseline, indicating that the fiscal space gained since the pandemic is limited. Continued budgetary discipline, higher growth rates, and external financing conditions will be decisive in determining whether the downward trajectory can be sustained or if debt will begin to climb again.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 62.01% | - | - |
| 2029* IMF | 62.45% | - | - |
| 2028* IMF | 62.84% | - | - |
| 2027* IMF | 63.20% | - | - |
| 2026* IMF | 63.50% | - | - |
| 2025* IMF | 64.72% | - | - |
| 2025 | 64.72% | −0.72% | #63 |
| 2024 | 65.44% | −2.06% | #121 |
| 2023 | 67.50% | +0.67% | #122 |
| 2022 | 66.83% | −15.38% | #122 |
| 2021 | 82.21% | −20.83% | #143 |
| 2020 | 103.04% | +24.42% | #160 |
| 2019 | 78.62% | −0.40% | #151 |
| 2018 | 79.02% | +0.91% | #156 |
| 2017 | 78.12% | +7.66% | #156 |
| 2016 | 70.46% | +5.38% | #142 |
| 2015 | 65.08% | +3.53% | #141 |
| 2014 | 61.54% | −1.24% | #138 |
| 2013 | 62.78% | −0.35% | #145 |
| 2012 | 63.13% | −3.09% | #148 |
| 2011 | 66.22% | −2.20% | #153 |
Detected Pattern
Analysis
Belize matched the Export Boom Cycle pattern in 1990. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Belize's government debt to gdp was 64.72% in 2025. Ranked 63rd globally. This represents a 1.1% decrease from the previous year.
Belize's government debt to gdp peaked at 103.04% in 2020.
The lowest government debt to gdp in Belize was 49.54% in 2001.
Belize ranks 63rd globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Belize's government debt to gdp is projected to reach 64.72% by 2025 based on IMF projection.
The government debt to gdp of Belize in 2025 was 64.72%. This ranks 63rd in the world.
Cite this page
@misc{historysaid_belize_government-debt-to-gdp,
title = {Belize Government Debt to GDP},
url = {https://historysaid.com/belize/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}