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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Belize economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Belize best banks and safest banks are also available.
While Latin American banks continued to expand their client base and footprints, the sector still faced important challenges.
USD 0.29 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
1.1% | 3.2% | 0.7% | 3.4% | 2.2% | 2.9% | 0.9% |
2014 | 2015 | 2016 | 2017* | 2018* | ||
3.7% | 3.4% | -0.6% | 1.4% | 3% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2019* |
0.0% | 0.0% | 0.0% | 0.0% | 0.002% |
*Estimate
(2017 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
-0.9% | 0.7% | 1.1% | 0.3% | 1.2% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
10.1% | 8% | 9% | 8.7% | 9.9% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019 |
79.3% | 93.2% | 94.5% | 95.2% | 93% |
*Estimate
2015 | 2016 | 2017 | 2018 | 2019* |
-6.3% | -5.9% | -5.6% | -1% | -1.1% |
*Estimate
Standard & Poor's: B-
Moody's: B3
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
-8.1 % (2018 estimate)
54.2% (2017)
0.002% (2018)
0.01% (2018)
Sugar, bananas, citrus, clothing, fish products, molasses, wood, crude oil
Machinery and transport equipment, manufactured goods; fuels, chemicals, pharmaceuticals; food, beverages, tobacco
UK 33.9%, US 22%, Jamaica 6.7%, Italy 6.4%, Barbados 5.9%, Ireland 5.5%, Netherlands 4.3% (2017)
US 35.6%, China 11.2%, Mexico 11.2%, Guatemala 6.9% (2017)
2016 | 2017 | 2018 |
USD 44 million | USD 24 million | USD 120 million |
2016 | 2017 | 2018 |
USD 1.7 million | USD 0.3 million | USD 0.7 million |
2015 | 2016 | 2017 | 2018 |
USD 10 million | USD 17 million | USD 3 million | N/A |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
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:
135 out of 190 countries
Subcategories:
Starting a Business: 166 out of 190 countries
Dealing with Construction Permits: 123 out of 190 countries
Getting Electricity: 91 out of 190 countries
Registering Property: 137 out of 190 countries
Getting Credit: 173 out of 190 countries
Protecting Minority Investors: 157 out of 190 countries
Paying Taxes: 60 out of 190 countries
Trading across Borders: 114 out of 190 countries
Enforcing Contracts: 135 out of 190 countries
Resolving Insolvency: 91 out of 190 countries
Ranking: 123 / Score: 55.4 (Mostly unfree)
(2019)
(100=totally free 0=totally repressed)
Parliamentary democracy (National Assembly) under a constitutional monarchy; a Commonwealth realm
English 62.9% (official), Spanish 56.6%, Creole 44.6%, Maya 10.5%, German 3.2%, Garifuna 2.9%, other 1.8%, unknown 0.3%, none 0.2% (cannot speak) (2010 est.)
Roman Catholic 40.1%, Protestant 31.5% (includes Pentecostal 8.4%, Seventh Day Adventist 5.4%, Anglican 4.7%, Mennonite 3.7%, Baptist 3.6%, Methodist 2.9%, Nazarene 2.8%), Jehovah's Witness 1.7%, other 10.5% (includes Baha'i, Buddhist, Hindu, Mormon, Musl
1990 | 2000 | 2010 | 2015* | 2020* |
0.19 million | 0.25 million | 0.32 million | 0.37 million | 0.42 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
54% | 49.4% | 45.4% | 45.7% |
Free
Political Rights: 1
Civil Liberties: 2 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 5.4%
Mobile: 85.5%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)