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Belize

Headline economic indicators for Belize, with the most recent official readings.

Prices

Prices — Belize
Indicator Value Change
Inflation rate · 1.1% -2.23 (-67.7%)
Consumer price index · 127.1 +1.34 (+1.1%)
GDP deflator inflation · 1.1% -0.34 (-24.5%)

GDP

GDP — Belize
Indicator Value Change
GDP growth rate · 2.7% -0.76 (-21.6%)
GDP per capita · 7,865.48 +184.24 (+2.4%)
GDP · 3,326,500,000 +122,868,200 (+3.8%)
GDP, PPP · 6,329,375,750 +337,154,712 (+5.6%)
GDP per capita, PPP · 14,966 +598.40 (+4.2%)
GDP per capita growth · 1.3% -0.70 (-34.5%)
GNI per capita · 7,530 +380.00 (+5.3%)
Agriculture to GDP · 7.9% -0.19 (-2.3%)
Industry to GDP · 14.6% +0.16 (+1.1%)
Manufacturing to GDP · 6.6% +0.10 (+1.6%)
Services to GDP · 62.4% +0.31 (+0.5%)
Household consumption to GDP · 64.3% +0.61 (+1.0%)
Gross capital formation to GDP · 19.8% +0.88 (+4.6%)
Gross savings to GDP · 20.3% -0.29 (-1.4%)

Labour

Labour — Belize
Indicator Value Change
Unemployment rate · 8.9% +0.16 (+1.8%)
Labour force participation rate · 59.1% +2.25 (+4.0%)
Female labour force participation rate · 46.5% +2.64 (+6.0%)
Youth unemployment rate · 19.3% +0.77 (+4.1%)
Employment to population ratio · 53.9% +1.96 (+3.8%)
Employment in agriculture · 16.1% -0.26 (-1.6%)
Employment in industry · 15.3% -0.06 (-0.4%)
Employment in services · 68.5% +0.32 (+0.5%)

Money

Money — Belize
Indicator Value Change
Real interest rate · 7.3% +0.42 (+6.1%)
Broad money to GDP · 77.5% +1.54 (+2.0%)
Private sector credit to GDP · 43.1% +1.83 (+4.4%)
Lending rate · 8.5% +0.06 (+0.7%)
Bank deposit rate · 2.0% -0.09 (-4.3%)
Bank nonperforming loans · 3.1% -0.81 (-20.4%)
Official exchange rate · 2 +0.00 (+0.0%)

Trade

Trade — Belize
Indicator Value Change
Current account to GDP · -2.8% -1.16 (-71.7%)
Exports to GDP · 55.2% +0.29 (+0.5%)
Imports to GDP · 53.7% +2.28 (+4.4%)
Trade to GDP · 109.0% +2.57 (+2.4%)
Exports of goods and services · 1,769,154,200 +92,465,700 (+5.5%)
Imports of goods and services · 1,721,921,750 +150,880,950 (+9.6%)
Trade balance, goods and services (annual) · -77,636,626.38 -7,928,228 (-11.4%)
Current account balance (annual) · -92,273,959.76 -40,516,168 (-78.3%)
Foreign direct investment to GDP · 0.0% -4.00 (-99.8%)
Remittances received to GDP · 3.7% -0.07 (-1.9%)
Total reserves, including gold · 559,427,087.79 +61,339,767 (+12.3%)
Reserves in months of imports · 3.5 +0.31 (+9.6%)
External debt to GNI · 46.0% -5.33 (-10.4%)

Government

Government — Belize
Indicator Value Change
Government debt to GDP · 61.0% -0.10 (-0.2%)
Government revenue to GDP · 23.8% +1.40 (+6.3%)
Government expense to GDP · 22.3% +1.07 (+5.0%)
Tax revenue to GDP · 21.3% +0.70 (+3.4%)
Government budget balance to GDP · -1.2% +2.23 (+65.8%)
Government consumption to GDP · 15.9% +0.12 (+0.8%)
Education spending to GDP · 4.6% +0.39 (+9.2%)
Health spending to GDP · 4.1% -0.07 (-1.6%)

Demography

Demography — Belize
Indicator Value Change
Population · 422,924 +5,852 (+1.4%)
Population growth · 1.4% -0.05 (-3.3%)
Life expectancy · 73.7 +0.17 (+0.2%)
Fertility rate · 2.02 +0.01 (+0.7%)
Birth rate · 18.1 +0.03 (+0.1%)
Death rate · 5.0 +0.04 (+0.7%)
Urban population share · 41.6% -0.19 (-0.5%)
Population aged 65 and over · 5.2% +0.20 (+4.1%)
Under-five mortality rate · 12.7 -0.10 (-0.8%)
Population density · 18.3 +0.26 (+1.5%)
Net migration · 360 -130.00 (-26.5%)
Gini index · 39.9 -13.30 (-25.0%)

Economies nearby

Comparable readings from neighbouring economies.