Source
Central bank

Central Bank of Belize

International Reserves

USD 0.4 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 1.9 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 3.2 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
4.6% 1.1% 3.2% 0.8% 3.3% 2.1% 3.7%
2013 2014 2015 2016* 2017*    
1.3% 4.1% 1% 0% 2.6%    

*Estimate

GDP per capita - current prices

USD 4,772.9 (2017, estimate)

GDP per capita - PPP

Intl$ 8,325.4 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.0% 0.0% 0.0% 0.0% 0.003%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 11.7% 
  • industry: 14.5%
  • services: 59.9%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
0.5% 1.2% -0.9% 1.0% 2.2%

*Estimate

Unemployment rate
2013 2014 2015* 2016* 2017*
11.7% 11.1% 10.1% 11.7% 12.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016 2017*
78.3% 77.2% 81.9% 94.8% 95.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016 2017*
-1.6% -2.4% -8% -4.2% -5.4%

*Estimate

Government bond ratings

Standard & Poor's: CC

Moody's: Caa2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.2 billion (2017 estimate)

Current account balance by percentage of GDP

-9.9% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

63.4% (2015)

Shares in world total merchandising export

0.003% (2015)

Shares in world total commercial services export

0.01% (2015)

Total exports

USD 519.5 millions (2016 estimate)

Export commodities

Sugar, bananas, citrus, clothing, fish products, molasses, wood, crude oil

Total imports

USD 0.9 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco

Exports - major partners

UK 30.8%, US 18.7%, Nigeria 6.7%, Trinidad and Tobago 4.8%, Ireland 4.2%, Jamaica 4.2% (2015)

Imports - major partners

US 26.6%, Mexico 11.7%, Cuba 10.2%, Guatemala 9%, China 7.5%, Trinidad and Tobago 5.6% (2015)

FDI inflows
2013 2014 2015
USD 95 million USD 153 million USD 65 million
FDI outflows
2013 2014 2015
USD 0.7 million USD 2.2 million USD 0.5 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 112 out of 190 countries (2016)

Subcategories:

Starting a business: 158 out of 190 countries

Enforcing Contracts: 134 out of 190 countries

Registering Property: 126 out of 190 countries

Getting credit: 167 out of 190 countries

Protecting investors: 118 out of 190 countries

Trading across border: 101 out of 190 countries

Paying Taxes: 44 out of 190 countries

Dealing with Construction Permits: 100 out of 190 countries

Getting Electricity: 79 out of 190 countries

Resolving Insolvency: 81 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 118 / Score: 57.35 (Mostly unfree) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-6

Total area

22,966 sq km

Capital

Belmopan

Currency

Belizean dollars (BZD)

Government type

parliamentary democracy and a Commonwealth realm

Languages

Spanish 46%, Creole 32.9%, Mayan dialects 8.9%, English 3.9% (official), Garifuna 3.4% (Carib), German 3.3%, other 1.4%, unknown 0.2% (2000 census)

Religions

Roman Catholic 39.3%, Pentacostal 8.3%, Seventh Day Adventist 5.3%, Anglican 4.5%, Mennonite 3.7%, Baptist 3.5%, Methodist 2.8%, Nazarene 2.8%, Jehovah's Witnesses 1.6%, other 9.9% (includes Baha'i Faith, Buddhism, Hinduism, Islam, and Mormon), other (unknown) 3.1%, none 15.2% (2010 census)

Total population
1990 2000 2010 2014** 2019**
0.189 million 0.25 million 0.332 million 0.355 million 0.387 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
54% 49% 48% 44%
Population median age

21.8 years (2014 est.)

Population growth rate

1.92% (2014 est.)

Life expectancy

68.49 years (2014 estimate)

Adult literacy

76.9%  (2000 census)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 1
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

Fixed 7.2% Mobile 52.9%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

31.70% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

1.4 (2010)

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