Belize's gross Value Added (GVA) at basic prices (current US$) was US$2.72 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 44.78% from US$1.88 billion in 2014 (3.77% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.72 billion | 2024 |
| Five years earlier | US$2.02 billion | 2019 |
| Ten years earlier | US$1.88 billion | 2014 |
| Highest | US$2.72 billion | 2024 |
| Lowest | US$125.95 million | 1978 |
| Average since 2015 | US$2.12 billion | 2015–2024 |
| First recorded | US$125.95 million |
What the numbers say
In 2024, Belize's gross Value Added (GVA) at basic prices (current US$) rose 5.3% on 2023 (from US$2.58 billion to US$2.72 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +4.7% and a typical year strayed about 5.6% 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 71.2% in 1980 and the biggest yearly fall was 12.7% in 2020. 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 US$89.98 million a year. A straight line explains 69% 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 22nd highest value of the 30 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.
| Value | Year | |
|---|---|---|
| Belize | US$2.72 billion | 2024 |
| World | US$97.78 trillion | 2024 |
| Latin America & Caribbean | US$6.85 trillion | 2025 |
Closest to Belize in the 2024 ranking
- Faroe Islands — 19th of 30: US$3.57 billion
- Bhutan — 20th of 30: US$3.26 billion
- Curaçao — 21st of 30: US$3.02 billion
- Timor-Leste — 23rd of 30: US$1.93 billion
- Solomon Islands — 24th of 30: US$1.55 billion
- Turks and Caicos Islands — 25th of 30: US$1.44 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 47 values
| Year | Gross Value Added (GVA) at basic prices (current US$) |
|---|---|
| 2024 | 2,721,813,950 |
| 2023 | 2,584,664,600 |
| 2022 | 2,415,083,450 |
| 2021 | 2,086,879,400 |
| 2020 | 1,761,021,150 |
| 2019 | 2,016,287,900 |
| 2018 | 1,934,528,900 |
| 2017 | 1,930,793,950 |
| 2016 | 1,903,609,550 |
| 2015 | 1,893,328,750 |
Gross Value Added (GVA) at basic prices (current US$) in nearby economies
- Antigua and Barbuda — US$2.07 billion (2025)
- Argentina — US$577.63 billion (2025)
- Aruba — US$3.27 billion (2023)
- Bahamas, The — US$13.83 billion (2024)
- Barbados — US$7.18 billion (2025)
- Bolivia — US$51.29 billion (2024)
- Brazil — US$1.96 trillion (2025)
- Cayman Islands — US$7.35 billion (2024)
- Chile — US$323.03 billion (2025)
More economic policy & debt data for Belize
- GDP (current US$) — 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$3.16 billion (2025)
- GNI (current LCU) — 6.32 billion (2025)
- GNI per capita (current LCU) — 14,953 (2025)
Reading data like this
Questions people ask
- What is Belize's gross Value Added (GVA) at basic prices (current US$)?
- US$2.72 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1978?
- It is up 2,061% from US$125.95 million in 1978 (6.91% a year on average, compounded). The highest value was US$2.72 billion in 2024 and the lowest US$125.95 million in 1978.
- How does Belize rank?
- 22nd highest of 30 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (current US$) unusual for Belize?
- In 2024, Belize's gross Value Added (GVA) at basic prices (current US$) rose 5.3% on 2023 (from US$2.58 billion to US$2.72 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +4.7% and a typical year strayed about 5.6% 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 NY.GDP.FCST.CD, 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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