Belize Economic Statistics and Indicators

23, May 2015, EDT. Welcome to the Belize economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Belize › Change country
National or Regional Currency: Belize Dollar, BZD
Year of data: 2014 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 340,844 (July 2014 est.)
Area: total: 22,966 sq km ; land: 22,806 sq km ; water: 160 sq km
Natural Resources: arable land potential, timber, fish, hydropower
Capital: name: Belmopan ; geographic coordinates: 17 15 N, 88 46 W ; time difference: UTC-6 (1 hour behind Washington, DC, during Standard Time)

Tourism is the number one foreign exchange earner in this small economy, followed by exports of marine products, citrus, cane sugar, bananas, and garments. The government's expansionary monetary and fiscal policies, initiated in September 1998, led to GDP growth averaging nearly 4% in 1999-2007. Oil discoveries in 2006 bolstered this growth. Exploration efforts have continued and production has increased a small amount. Growth slipped to 0% in 2009, resulting from the global economic slowdown, natural disasters, and a temporary drop in the price of oil, but grew to 2.5% in 2013. With weak economic growth and a large public debt burden, fiscal spending is likely to be tight. In January 2013, the government announced that it had reached a deal with creditors to restructure its $544 million commercial external debt, commonly referred to as the "superbond." The superbond represents one half of the country's public debt. A key government objective remains the reduction of poverty and inequality with the help of international donors. Although Belize has the second highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor. The sizable trade deficit and heavy foreign debt burden continue to be major concerns.
More on the Belize Economy
More on the Belize Export, Import and Trade

Economic Indicator Listing
  For Belize in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 2 %
GDP (Current Prices, National Currency)BZD 3.332 Billion.
GDP (Current Prices, US Dollars)US$ 1.666 Billion
GDP Deflator 124.04 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)BZD 7,529.57 .
GDP Per Capita (Current Prices, National Currency)BZD 9,339.65 .
GDP Per Capita (Current Prices, US Dollars)US$ 4,669.83
GDP (PPP), US DollarsUS$ 2.907 Billion
GDP Per Capita (PPP), US DollarsUS$ 8,147.80
GDP Share of World Total (PPP) 0.003 %
Implied PPP Conversion Rate 1.146
Investment (% of GDP) 16.14 %
Gross National Savings (% of GDP) 11.254 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 135.165 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 1.803 %
Inflation, End of Year (Indexed to Year 2000) 136.256 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 2 %
Import Volume of All Items Including Goods and Services (Percent Change) 0.002 %
Import Volumes of Goods Only (Percent Change) 0.946 %
Export Volume of All Items Including Goods and Services (Percent Change) -0.745 %
Export Volumes of Goods Only (Percent Change) -2.807 %
Unemployment Rate (% of Labour Force) 14.094 %
Population 0.357 Million
General government revenue (National Currency)BZD 0.956 Billions.
General government revenue (% of GDP) 28.412 %
General government total expenditure (National Currency)BZD 1.013 Billions.
General government total expenditure (% of GDP) 30.107 %
Total Government Net Lending/ Borrowing (National Currency)BZD -0.057 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -1.695 %
Fiscal Year Gross Domestic Product, Current PricesBZD 3.365 Billions.
Current Account Balance (US Dollars)US$ -0.091 Billion
Current Account Balance (% GDP) -5.433 %
Economic Indicators for Belize 2014

GDP (Constant Prices, National Currency) for Belize in year 2014 is BZD 2.686 Billion.

GDP Growth (Constant Prices, National Currency) for Belize in year 2014 is 2 %.

GDP (Current Prices, National Currency) for Belize in year 2014 is BZD 3.332 Billion.

GDP (Current Prices, US Dollars) for Belize in year 2014 is US$ 1.666 Billion.

GDP Deflator for Belize in year 2014 is 124.04 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Belize in year 2014 is BZD 7,529.57 .

GDP Per Capita (Current Prices, National Currency) for Belize in year 2014 is BZD 9,339.65 .

GDP Per Capita (Current Prices, US Dollars) for Belize in year 2014 is US$ 4,669.83 .

GDP (PPP), US Dollars for Belize in year 2014 is US$ 2.907 Billion.

GDP Per Capita (PPP), US Dollars for Belize in year 2014 is US$ 8,147.80 .

GDP Share of World Total (PPP) for Belize in year 2014 is 0.003 %.

Implied PPP Conversion Rate for Belize in year 2014 is 1.146 .

Investment (% of GDP) for Belize in year 2014 is 16.14 %.

Gross National Savings (% of GDP) for Belize in year 2014 is 11.254 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Belize in year 2014 is 135.165 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Belize in year 2014 is 1.803 %.

Inflation, End of Year (Indexed to Year 2000) for Belize in year 2014 is 136.256 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Belize in year 2014 is 2 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Belize in year 2014 is 0.002 %.

Import Volumes of Goods Only (Percent Change) for Belize in year 2014 is 0.946 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Belize in year 2014 is -0.745 %.

Export Volumes of Goods Only (Percent Change) for Belize in year 2014 is -2.807 %.

Unemployment Rate (% of Labour Force) for Belize in year 2014 is 14.094 %.

Population for Belize in year 2014 is 0.357 Million .

General government revenue (National Currency) for Belize in year 2014 is BZD 0.956 Billions.

General government revenue (% of GDP) for Belize in year 2014 is 28.412 %.

General government total expenditure (National Currency) for Belize in year 2014 is BZD 1.013 Billions.

General government total expenditure (% of GDP) for Belize in year 2014 is 30.107 %.

Total Government Net Lending/ Borrowing (National Currency) for Belize in year 2014 is BZD -0.057 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Belize in year 2014 is -1.695 %.

Fiscal Year Gross Domestic Product, Current Prices for Belize in year 2014 is BZD 3.365 Billions.

Current Account Balance (US Dollars) for Belize in year 2014 is US$ -0.091 Billion.

Current Account Balance (% GDP) for Belize in year 2014 is -5.433 %.

* Source: IMF
Aggregate Indicators for Belize
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Belize
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Belize
  Natural Resources, Agricultural Products, Land Use and Water Use for Belize
  Nationality, Ethnic Groups, Languages and Religions for Belize
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Belize
  Age Structure, Median Age, Gender and Urbanization for Belize
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Belize
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Belize
  HIV, AIDS and Other Major Infectious Disease Rates for Belize
  Literacy Rate, Educational Expenditure and School Life Expectancy for Belize
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Belize
  Industries and Industrial Growth Production Rate for Belize
  Labor Force by Occupation for Belize
  Poverty Line, Gini Index, Household Income and Consumption for Belize
  National Budget and Public Debt for Belize
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Belize
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Belize
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Belize
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Belize
  Foreign Exchange Reserves and Gold Reserves for Belize
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Belize
  Exchange Rate Statistics for Belize
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Belize
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Belize
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Belize
  Television and Radio Statistics (TV Stats, Radio Stats) for Belize
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Belize
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Belize
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Belize
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Belize
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Belize
* Source: CIA
Internet Indicators for Belize
Indicators
  Number of Internet Users for Belize
  Internet Penetration Rate for Belize
  Number of Facebook Accounts for Belize
  Facebook Penetration Rate for Belize
* Source: IWS
Economic Freedom Indicators for Belize
Indicators
  Economic Freedom World Rank for Belize
  Economic Freedom Regional Ranking for Belize
  Business Freedom for Belize
  Trade Freedom for Belize
  Fiscal Freedom for Belize
  Government Spending for Belize
  Monetary Freedom for Belize
  Investment Freedom for Belize
  Financial Freedom for Belize
  Property Rights for Belize
  Freedom from Corruption for Belize
  Labor Freedom for Belize
  Tariff Rate for Belize
  Income Tax Rate for Belize
  Corporate Tax Rate for Belize
  Tax Burden % of GDP for Belize
  Government Expenditure % of GDP for Belize
* Source: HFO
Corruption Perceptions Index Rank and Score for Belize
Indicator
  Corruption Perceptions Index Rank and Score for Belize
* Source: TIO
Belize Economic Indicators in other Years
  Belize Economic Indicators for Year 2019 (Forecast)
  Belize Economic Indicators for Year 2018 (Forecast)
  Belize Economic Indicators for Year 2017 (Forecast)
  Belize Economic Indicators for Year 2016 (Forecast)
  Belize Economic Indicators for Year 2015 (Forecast)
Belize Economic Indicators for Year 2014 (Current)
  Belize Economic Indicators for Year 2013
  Belize Economic Indicators for Year 2012
  Belize Economic Indicators for Year 2011
  Belize Economic Indicators for Year 2010
  Belize Economic Indicators for Year 2009
  Belize Economic Indicators for Year 2008
  Belize Economic Indicators for Year 2007
  Belize Economic Indicators for Year 2006
  Belize Economic Indicators for Year 2005
  Belize Economic Indicators for Year 2004
  Belize Economic Indicators for Year 2003
  Belize Economic Indicators for Year 2002
  Belize Economic Indicators for Year 2001
  Belize Economic Indicators for Year 2000
  Belize Economic Indicators for Year 1999
  Belize Economic Indicators for Year 1998
  Belize Economic Indicators for Year 1997
  Belize Economic Indicators for Year 1996
  Belize Economic Indicators for Year 1995
  Belize Economic Indicators for Year 1994
  Belize Economic Indicators for Year 1993
  Belize Economic Indicators for Year 1992
  Belize Economic Indicators for Year 1991
  Belize Economic Indicators for Year 1990
  Belize Economic Indicators for Year 1989
  Belize Economic Indicators for Year 1988
  Belize Economic Indicators for Year 1987
  Belize Economic Indicators for Year 1986
  Belize Economic Indicators for Year 1985
  Belize Economic Indicators for Year 1984
  Belize Economic Indicators for Year 1983
  Belize Economic Indicators for Year 1982
  Belize Economic Indicators for Year 1981
  Belize Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International