Belize's gross capital formation (constant LCU) was 1.06 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 45.51% from 731.14 million in 2014 (3.82% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.06 billion | 2024 |
| Five years earlier | 806.78 million | 2019 |
| Ten years earlier | 731.14 million | 2014 |
| Highest | 1.06 billion | 2024 |
| Lowest | 152 million | 1982 |
| Average since 2015 | 868.87 million | 2015–2024 |
| First recorded | 221.19 million |
What the numbers say
In 2024, Belize's gross capital formation (constant LCU) rose 4.5% on 2023 (from 1.02 billion to 1.06 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +3.1% and a typical year strayed about 15.3% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 36.9% in 1999 and the biggest yearly fall was 31.7% in 1982. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 37.56 million a year. A straight line explains 73% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 1.15 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 35.69 million, against 46.21 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Belize had the 24th highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Belize in the 2024 ranking
- Bahrain — 21st of 31: 4.75 billion
- Bahamas, The — 22nd of 31: 3.88 billion
- Solomon Islands — 23rd of 31: 2.34 billion
- Bermuda — 25th of 31: 850.3 million
- Timor-Leste — 26th of 31: 543.83 million
- Tajikistan — 27th of 31: 498.04 million
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 45 values
| Year | Gross capital formation (constant LCU) |
|---|---|
| 2024 | 1,063,872,600 |
| 2023 | 1,017,885,000 |
| 2022 | 1,001,434,600 |
| 2021 | 981,523,700 |
| 2020 | 765,224,000 |
| 2019 | 806,780,300 |
| 2018 | 761,180,300 |
| 2017 | 704,672,000 |
| 2016 | 834,377,000 |
| 2015 | 751,761,400 |
| 2014 |
Gross capital formation (constant LCU) in nearby economies
- Argentina — 148.15 billion (2025)
- Bahamas, The — 3.88 billion (2024)
- Bolivia — 58.1 billion (2024)
- Brazil — 776.57 billion (2025)
- Chile — 51.81 trillion (2025)
- Colombia — 173.95 trillion (2025)
- Costa Rica — 9.46 trillion (2025)
- Cuba — 8.3 billion (2024)
- Dominican Republic — 1.39 trillion (2025)
- Ecuador — 22.28 billion (2025)
- El Salvador
More economic policy & debt data for Belize
- GDP (current US$) — US$3.33 billion (2025)
- GDP (current LCU) — 6.65 billion (2025)
- GDP (constant 2015 US$) — US$2.7 billion (2025)
- GDP (constant LCU) — 5.4 billion (2025)
- GDP per capita (current US$) — US$7,865 (2025)
- GDP per capita (current LCU) — 15,731 (2025)
- GDP per capita (constant 2015 US$) — US$6,374 (2025)
- GDP per capita (constant LCU) — 12,772 (2025)
- GNI (current US$) — US$3.16 billion (2025)
- GNI (current LCU) — 6.32 billion (2025)
- GNI per capita (current LCU) — 14,953 (2025)
Reading data like this
Questions people ask
- What is Belize's gross capital formation (constant LCU)?
- 1.06 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 380.97% from 221.19 million in 1980 (3.63% a year on average, compounded). The highest value was 1.06 billion in 2024 and the lowest 152 million in 1982.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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