21, Apr 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 $544 million commercial external debt, commonly referred to as the "superbond." The superbond represents one half of the country's public debt. A key government objective remains the reduction of poverty and inequality with the help of international donors. Although Belize has the second highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor. The sizable trade deficit and heavy foreign debt burden continue to be major concerns.
More on the Belize Economy
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GDP (Constant Prices, National Currency) for Belize in year 2014 is BZD 2.686 Billion.
GDP (Current Prices, National Currency) for Belize in year 2014 is BZD 3.332 Billion.
GDP (Current Prices, US Dollars) for Belize in year 2014 is US$ 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 (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 .
Investment (% of GDP) for Belize in year 2014 is 16.14 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Belize in year 2014 is 135.165 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Belize in year 2014 is 136.256 (Index, Base Year 2000 = 100).
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 total expenditure (National Currency) for Belize in year 2014 is BZD 1.013 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Belize in year 2014 is BZD -0.057 Billions.
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.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International