Belize's gross national expenditure deflator (base year varies by country) was 118.19 in 2024, the latest year in the World Bank's World Development Indicators. That is up 18.19% from 100 in 2014 (1.68% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 118.19 | 2024 |
| Five years earlier | 100.73 | 2019 |
| Ten years earlier | 100 | 2014 |
| Highest | 118.19 | 2024 |
| Lowest | 33.23 | 1980 |
| Average since 2015 | 104.62 | 2015–2024 |
| First recorded | 33.23 | 1980 |
What the numbers say
In 2024, Belize's gross national expenditure deflator (base year varies by country) rose 2.4% on 2023 (from 115.42 to 118.19).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.1% and a typical year strayed about 2.3% 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 23.4% in 1981 and the biggest yearly fall was 8.2% 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 2.23 a year. A straight line explains 81% 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 21st highest value of the 32 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
- Maldives — 17th of 32: 125.47
- Bermuda — 18th of 32: 122.14
- New Zealand — 19th of 32: 122.13
- Timor-Leste — 21st of 32: 118.01
- United States — 22nd of 32: 117.98
- Albania — 23rd of 32: 117.76
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. A deflator is the ratio of an indicator in current prices over the same series in constant prices. The base year varies by country.
All 45 values
| Year | Gross national expenditure deflator (base year varies by country) |
|---|---|
| 2024 | 118.19 |
| 2023 | 115.42 |
| 2022 | 111.32 |
| 2021 | 103.41 |
| 2020 | 100.4 |
| 2019 | 100.73 |
| 2018 | 100.77 |
| 2017 | 99.68 |
| 2016 | 98.43 |
| 2015 | 97.9 |
| 2014 |
Gross national expenditure deflator (base year varies by country) in nearby economies
- Argentina — 107,789 (2025)
- Bahamas, The — 112.22 (2024)
- Bolivia — 113.17 (2024)
- Brazil — 272.81 (2025)
- Chile — 147.71 (2025)
- Colombia — 172.95 (2025)
- Costa Rica — 97.48 (2025)
- Cuba — 2,973 (2024)
- Dominican Republic
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 national expenditure deflator (base year varies by country)?
- 118.19 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 255.61% from 33.23 in 1980 (2.93% a year on average, compounded). The highest value was 118.19 in 2024 and the lowest 33.23 in 1980.
- How does Belize rank?
- 21st highest of 32 economies with data for 2024.
- Is the latest change in gross national expenditure deflator (base year varies by country) unusual for Belize?
- In 2024, Belize's gross national expenditure deflator (base year varies by country) rose 2.4% on 2023 (from 115.42 to 118.19). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.1% and a typical year strayed about 2.3% 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.
Source
World Bank, World Development Indicators, indicator NE.DAB.DEFL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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