Belize Economic Statistics and Indicators

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Country: Belize
National or Regional Currency: Belize Dollar, BZD
Year of data: 2004 › Change year
Date of Last Update: 1st August 2011
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)
Data Source: All Sources (IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International)
More on the Belize Economy
More on the Belize Export, Import and Trade
Economic Indicator Listing
  For Belize in year 2004 Indicator Value
GDP Growth (Constant Prices, National Currency) 4.619 %
GDP (Current Prices, National Currency)BZD 2.113 Billion.
GDP (Current Prices, US Dollars)US$ 1.056 Billion
GDP Deflator 100.624 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)BZD 7,429.23 .
GDP Per Capita (Current Prices, National Currency)BZD 7,475.58 .
GDP Per Capita (Current Prices, US Dollars)US$ 3,737.79
GDP (PPP), US DollarsUS$ 1.997 Billion
GDP Per Capita (PPP), US DollarsUS$ 7,064.90
GDP Share of World Total (PPP) 0.004 %
Implied PPP Conversion Rate 1.058
Investment (% of GDP) 18.907 %
Gross National Savings (% of GDP) 4.24 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 109.343 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 3.095 %
Inflation, End of Year (Indexed to Year 2000) 109.864 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3.064 %
Import Volume of All Items Including Goods and Services (Percent Change) -7.377 %
Import Volumes of Goods Only (Percent Change) -10.153 %
Export Volume of All Items Including Goods and Services (Percent Change) 7.285 %
Export Volumes of Goods Only (Percent Change) 1.766 %
Value of Oil ImportsUS$ 0.087 Billions
Value of Oil ExportsUS$ 0 Billions
Unemployment Rate (% of Labour Force) 11.595 %
Population 0.283 Million
General government revenue (National Currency)BZD 0.469 Billions.
General government revenue (% of GDP) 21.915 %
General government total expenditure (National Currency)BZD 0.659 Billions.
General government total expenditure (% of GDP) 30.754 %
Total Government Net Lending/ Borrowing (National Currency)BZD -0.189 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -8.839 %
General Government Balance (National Currency)BZD -0.012 Billion.
General Government Balance (% of GDP) -0.561 %
Total Government Net Debt (National Currency)BZD 2.191 Billion.
Total Government Net Debt (% of GDP) 102.289 %
Total Government Gross Debt (National Currency)BZD 2.191 Billion.
Total Government Gross Debt (% of GDP) 102.289 %
Fiscal Year Gross Domestic Product, Current PricesBZD 2.142 Billions.
Current Account Balance (US Dollars)US$ -0.155 Billion
Current Account Balance (% GDP) -14.667 %
Economic Indicators for Belize 2004

GDP (Constant Prices, National Currency) for Belize in year 2004 is BZD 2.1 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Belize in year 2004 is 4.619 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Belize in year 2004 is BZD 2.113 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Belize in year 2004 is US$ 1.056 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP Deflator for Belize in year 2004 is 100.624 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Belize in year 2004 is BZD 7,429.23 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Belize in year 2004 is BZD 7,475.58 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Belize in year 2004 is US$ 3,737.79 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

GDP (PPP), US Dollars for Belize in year 2004 is US$ 1.997 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Per Capita (PPP), US Dollars for Belize in year 2004 is US$ 7,064.90 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Belize in year 2004 is 0.004 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Implied PPP Conversion Rate for Belize in year 2004 is 1.058 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Investment (% of GDP) for Belize in year 2004 is 18.907 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for Belize in year 2004 is 4.24 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Belize in year 2004 is 109.343 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Belize in year 2004 is 3.095 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Belize in year 2004 is 109.864 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Belize in year 2004 is 3.064 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Belize in year 2004 is -7.377 %.

Import Volumes of Goods Only (Percent Change) for Belize in year 2004 is -10.153 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Belize in year 2004 is 7.285 %.

Export Volumes of Goods Only (Percent Change) for Belize in year 2004 is 1.766 %.

Value of Oil Imports for Belize in year 2004 is US$ 0.087 Billions. Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units.

Value of Oil Exports for Belize in year 2004 is US$ 0 Billions. Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units.

Unemployment Rate (% of Labour Force) for Belize in year 2004 is 11.595 %.

Population for Belize in year 2004 is 0.283 Million .

General government revenue (National Currency) for Belize in year 2004 is BZD 0.469 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government revenue (% of GDP) for Belize in year 2004 is 21.915 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (National Currency) for Belize in year 2004 is BZD 0.659 Billions. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

General government total expenditure (% of GDP) for Belize in year 2004 is 30.754 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (National Currency) for Belize in year 2004 is BZD -0.189 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.

Total Government Net Lending/ Borrowing (% of GDP) for Belize in year 2004 is -8.839 %.

General Government Balance (National Currency) for Belize in year 2004 is BZD -0.012 Billion. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

General Government Balance (% of GDP) for Belize in year 2004 is -0.561 %. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

Total Government Net Debt (National Currency) for Belize in year 2004 is BZD 2.191 Billion. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.receivable.

Total Government Net Debt (% of GDP) for Belize in year 2004 is 102.289 %. Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.

Total Government Gross Debt (National Currency) for Belize in year 2004 is BZD 2.191 Billion. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Total Government Gross Debt (% of GDP) for Belize in year 2004 is 102.289 %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Fiscal Year Gross Domestic Product, Current Prices for Belize in year 2004 is BZD 2.142 Billions. Gross domestic product corresponding to fiscal year is the country's GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country's GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices.

Current Account Balance (US Dollars) for Belize in year 2004 is US$ -0.155 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Belize in year 2004 is -14.667 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

* 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
  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
  Nationality, Ethnic Groups, Languages and Religions 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
  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
  Industries and Industrial Growth Production Rate 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
  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
  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
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 2016 (Forecast)
  Belize Economic Indicators for Year 2015 (Forecast)
  Belize Economic Indicators for Year 2014 (Forecast)
  Belize Economic Indicators for Year 2013 (Forecast)
  Belize Economic Indicators for Year 2012 (Forecast)
  Belize Economic Indicators for Year 2011 (Forecast)
  Belize Economic Indicators for Year 2010 (Current)
  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