Belize: Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2024, Belize's households and NPISHs Final consumption expenditure, PPP (constant 2021 international $) rose 4.7% on 2023 (from 3.05 billion to 3.19 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 11.8% 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 76.44 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 29 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

• Eswatini — 18th of 29: 7.57 billion
• Bhutan — 19th of 29: 5.49 billion
• Maldives — 20th of 29: 5.05 billion
• Timor-Leste — 22nd of 29: 3.02 billion
• Bermuda — 23rd of 29: 2.63 billion
• Solomon Islands — 24th of 29: 1.39 billion

What this measures

This indicator provides values for final consumption expenditure expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure 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 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

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

All 35 values

Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $) in nearby economies

• Argentina — 783.48 billion (2025)
• Bahamas, The — 7.88 billion (2024)
• Bolivia — 98.22 billion (2024)
• Brazil — 2.58 trillion (2025)
• Chile — 310.28 billion (2025)
• Colombia — 657.56 billion (2025)
• Costa Rica — 83.88 billion (2025)
• 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

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Questions people ask

What is Belize's households and NPISHs Final consumption expenditure, PPP (constant 2021 international $)?

3.19 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 361.63% from 692.09 million in 1990 (4.6% a year on average, compounded). The highest value was 3.19 billion in 2024 and the lowest 692.09 million in 1990.

How does Belize rank?

22nd highest of 29 economies with data for 2024.

Source

World Bank, World Development Indicators, indicator NE.CON.PRVT.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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