Belize: Imports of goods and services (constant LCU)

Key figures

What the numbers say

In 2024, Belize's imports of goods and services (constant LCU) rose 11.7% on 2023 (from 2.71 billion to 3.03 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +4.5% and a typical year strayed about 10.7% from that (the standard deviation). This year's change was 0.7 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 32.1% in 2021 and the biggest yearly fall was 22.9% 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 59.33 million a year. A straight line explains 36% 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 23rd 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

• Cuba — 20th of 29: 7.23 billion
• Bahamas, The — 21st of 29: 5.09 billion
• Tajikistan — 22nd of 29: 4.16 billion
• Bermuda — 24th of 29: 1.89 billion
• Timor-Leste — 25th of 29: 1.25 billion
• Tonga — 26th of 29: 679.73 million

What this measures

Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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 varies by country. This series is expressed in local currency units.

All 45 values

Imports of goods and services (constant LCU) in nearby economies

• Argentina — 224.51 billion (2025)
• Bahamas, The — 5.09 billion (2024)
• Bolivia — 72.6 billion (2024)
• Brazil — 593.22 billion (2025)
• Chile — 64.85 trillion (2025)
• Colombia — 250.62 trillion (2025)
• Costa Rica — 21.06 trillion (2025)
• Cuba — 7.23 billion (2024)
• Dominican Republic — 1.55 trillion (2025)
• Ecuador — 30.48 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)

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Questions people ask

What is Belize's imports of goods and services (constant LCU)?

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

How has it changed since 1980?

It is up 398.14% from 607.6 million in 1980 (3.72% a year on average, compounded). The highest value was 3.03 billion in 2024 and the lowest 439.45 million in 1985.

How does Belize rank?

23rd highest of 29 economies with data for 2024.

Is the latest change in imports of goods and services (constant LCU) unusual for Belize?

In 2024, Belize's imports of goods and services (constant LCU) rose 11.7% on 2023 (from 2.71 billion to 3.03 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +4.5% and a typical year strayed about 10.7% from that (the standard deviation). This year's change was 0.7 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.IMP.GNFS.KN, 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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