Belize: Households and NPISHs final consumption expenditure (constant 2015 US$)

Key figures

What the numbers say

In 2024, Belize's households and NPISHs final consumption expenditure (constant 2015 US$) rose 4.7% on 2023 (from US$1.64 billion to US$1.72 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +3.1% and a typical year strayed about 4.8% 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 62.1% in 1992 and the biggest yearly fall was 20.8% in 1981. 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$41.11 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 24th 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.

Closest to Belize in the 2024 ranking

• Bermuda — 20th of 30: US$3.19 billion
• Eswatini — 21st of 30: US$2.83 billion
• Vanuatu — 22nd of 30: US$1.88 billion
• Bhutan — 24th of 30: US$1.25 billion
• Timor-Leste — 25th of 30: US$1.25 billion
• Solomon Islands — 26th of 30: US$1.18 billion

What this measures

This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Household final consumption expenditure is often estimated as a residual, by subtracting all other known expenditures from GDP. The resulting aggregate may incorporate fairly large discrepancies.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 45 values

Households and NPISHs final consumption expenditure (constant 2015 US$) in nearby economies

• Argentina — US$413.68 billion (2025)
• Bahamas, The — US$8.41 billion (2024)
• Bolivia — US$27.13 billion (2024)
• Brazil — US$1.34 trillion (2025)
• Chile — US$188.32 billion (2025)
• Colombia — US$286.13 billion (2025)
• Costa Rica — US$50.09 billion (2025)
• Cuba — US$48.78 billion (2024)

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 households and NPISHs final consumption expenditure (constant 2015 US$)?

US$1.72 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 423.77% from US$328.02 million in 1980 (3.84% a year on average, compounded). The highest value was US$1.72 billion in 2024 and the lowest US$201.4 million in 1986.

How does Belize rank?

24th highest of 30 economies with data for 2024.

Is the latest change in households and NPISHs final consumption expenditure (constant 2015 US$) unusual for Belize?

Source

World Bank, World Development Indicators, indicator NE.CON.PRVT.KD, 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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