Belize: Gross fixed capital formation (% of GDP)

Key figures

What the numbers say

In 2024, Belize's gross fixed capital formation (% of GDP) rose 0.63 percentage points on 2023 (from 20.5% to 21.13%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.15 percentage points and a typical year strayed about 2.55 percentage points from that (the standard deviation). This year's change was 0.3 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 4.84 percentage points in 1999 and the biggest yearly fall was 6.67 percentage points in 1994. 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 0.58 percentage points a year. A straight line explains 72% 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.

How it compares

In 2024, Belize had the 26th highest value of the 38 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

• French Polynesia — 22nd of 38: 21.91%
• Zambia — 23rd of 38: 21.6%
• United States — 24th of 38: 21.35%
• Fiji — 26th of 38: 20.09%
• Solomon Islands — 27th of 38: 19.46%
• Kuwait — 28th of 38: 16.75%

What this measures

Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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 fixed capital formation (% of GDP) in nearby economies

• Argentina — 16% (2025)
• Bahamas, The — 25.75% (2024)
• Bolivia — 16.61% (2024)
• Brazil — 16.84% (2025)
• Chile — 24.09% (2025)
• Colombia — 16.01% (2025)
• Costa Rica — 16.25% (2025)
• Cuba — 12.76% (2024)
• Curaçao — 34.05% (2018)
• Dominican Republic — 24.87% (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 fixed capital formation (% of GDP)?

21.13% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 4.57 percentage points from 16.57% in 1980. The highest value was 24.98% in 1993 and the lowest 12.24% in 1985.

How does Belize rank?

26th highest of 38 economies with data for 2024.

Is the latest change in gross fixed capital formation (% of GDP) unusual for Belize?

In 2024, Belize's gross fixed capital formation (% of GDP) rose 0.63 percentage points on 2023 (from 20.5% to 21.13%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.15 percentage points and a typical year strayed about 2.55 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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 NE.GDI.FTOT.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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