Belize: Households and NPISHs final consumption expenditure (% of GDP)

Key figures

What the numbers say

In 2024, Belize's households and NPISHs final consumption expenditure (% of GDP) rose 0.61 percentage points on 2023 (from 63.67% to 64.29%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.25 percentage points and a typical year strayed about 1.95 percentage points from that (the standard deviation). This year's change was 0.2 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 20.91 percentage points in 1992 and the biggest yearly fall was 4.96 percentage points in 1984. 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 0.42 percentage points a year. A straight line explains 85% 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 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

• United States — 16th of 36: 67.91%
• New Caledonia — 17th of 36: 65.68%
• Bahamas, The — 18th of 36: 64.3%
• Eswatini — 20th of 36: 63.49%
• Angola — 21st of 36: 61.68%
• New Zealand — 22nd of 36: 56.96%

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 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.

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 weighted average.

All 45 values

Households and NPISHs final consumption expenditure (% of GDP) in nearby economies

• Argentina — 69.98% (2025)
• Aruba — 49.13% (2024)
• Bahamas, The — 64.3% (2024)
• Bolivia — 69.63% (2024)
• Brazil — 63.44% (2025)
• Chile — 56.74% (2025)
• Colombia — 73.19% (2025)
• Costa Rica — 64% (2025)
• Cuba — 90.88% (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 (% of GDP)?

64.29% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 26.8 percentage points from 37.48% in 1980. The highest value was 68.59% in 2003 and the lowest 31.11% in 1986.

How does Belize rank?

19th highest of 36 economies with data for 2024.

Is the latest change in households and NPISHs final consumption expenditure (% of GDP) unusual for Belize?

In 2024, Belize's households and NPISHs final consumption expenditure (% of GDP) rose 0.61 percentage points on 2023 (from 63.67% to 64.29%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.25 percentage points and a typical year strayed about 1.95 percentage points from that (the standard deviation). This year's change was 0.2 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.CON.PRVT.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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