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Indicators of economy in Belize

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Belize, on the other hand, reached USD 4.420 per capita, or 1.79 billion USD in the whole country. Belize is currently at number 185 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Belize is in the list of the world's richest countries in place 122.
Inflation in Belize was in 2017 at around 1.15%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 26.7% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Belize

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic in 2020 were considerable in Belize. Overall, gross domestic product in 2020 fell from 1.95 billion US Dollar auf 1.59 billion US Dollar. With a large drop of 18.49 percent, the economy in Belize has struggled significantly more than other countries. The unemployment rate rose from 6.7 to 8.5 percent.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Belize
Total
Belize
per capita
EU
Total
EU
per capita
GDP1.79 bn USD4,420.49 USD17.09 tn USD33,228.68 USD
Gross national product1.74 bn USD4,291.28 USD16.78 tn USD32,621.03 USD

Development of gross domestic product in million US Dollar 1960 - 2021



Im- and Exports 2021

 Belize
Total
Belize
per capita
EU
Total
EU
per capita
Imports1.25 bn USD3,093.66 USD8,916.24 bn USD17,337.55 USD
Exports1.04 bn USD2,573.50 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in millions of USD 1984 - 2021
Exports
Imports

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