Belize: Gross domestic savings (% of GDP)

Key figures

What the numbers say

In 2024, Belize's gross domestic savings (% of GDP) fell 0.73 percentage points on 2023 (from 20.51% to 19.77%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.35 percentage points and a typical year strayed about 2.35 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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 5.58 percentage points in 1984 and the biggest yearly fall was 25.63 percentage points in 1992. 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 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Belize had the 19th highest value of the 36 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

• Bahamas, The — 15th of 36: 22.79%
• Angola — 16th of 36: 22.55%
• New Zealand — 17th of 36: 21.98%
• United States — 19th of 36: 18.47%
• Eswatini — 20th of 36: 15%
• Bolivia — 21st of 36: 13.84%

What this measures

Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 45 values

Gross domestic savings (% of GDP) in nearby economies

• Argentina — 15.09% (2025)
• Aruba — 32.96% (2024)
• Bahamas, The — 22.79% (2024)
• Bolivia — 13.84% (2024)
• Brazil — 17.43% (2025)
• Chile — 28.2% (2025)
• Colombia — 11.32% (2025)
• Costa Rica — 21.99% (2025)
• Cuba — -15.71% (2024)
• Curaçao — 12.29% (2018)
• Dominican Republic — 20.49% (2025)

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

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Questions people ask

What is Belize's gross domestic savings (% of GDP)?

19.77% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is down 30.86 percentage points from 50.63% in 1980. The highest value was 56.35% in 1989 and the lowest 15.91% in 2003.

How does Belize rank?

19th highest of 36 economies with data for 2024.

Is the latest change in gross domestic savings (% of GDP) unusual for Belize?

In 2024, Belize's gross domestic savings (% of GDP) fell 0.73 percentage points on 2023 (from 20.51% to 19.77%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.35 percentage points and a typical year strayed about 2.35 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GDS.TOTL.ZS, 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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