Belize: Inflation, GDP deflator (annual % growth)

Key figures

What the numbers say

In 2025, Belize's inflation, GDP deflator (annual % growth) fell 0.34 percentage points on 2024 (from 1.4% to 1.06%).

Across the 30 yearly changes before that (1995 to 2024), the average change was −0.04 percentage points and a typical year strayed about 3.39 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 47.67 percentage points in 1980 and the biggest yearly fall was 51.08 percentage points 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 2016 to 2025 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Belize had the 153rd highest value of the 186 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 2025 ranking

• Sweden — 149th of 186: 1.23%
• France — 150th of 186: 1.18%
• Cyprus — 151st of 186: 1.11%
• Hong Kong SAR, China — 153rd of 186: 1.02%
• Ireland — 154th of 186: 1.02%
• India — 155th of 186: 0.97%

What this measures

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Regional and income-group figures are computed by the World Bank as a median.

All 65 values

Inflation, GDP deflator (annual % growth) in nearby economies

• Antigua and Barbuda — 2.98% (2025)
• Argentina — 39.09% (2025)
• Aruba — 4.14% (2024)
• Bahamas, The — 0.29% (2024)
• Barbados — 2.74% (2025)
• Bolivia — 19.91% (2025)
• Brazil — 5.73% (2025)
• Cayman Islands — 2.4% (2024)
• Chile — 6.8% (2025)
• Colombia — 5.42% (2025)

More financial sector data for Belize

• GDP deflator (base year varies by country) — 123.17 (2025)
• DEC alternative conversion factor (LCU per US$) — US$2 (2025)
• Official exchange rate (LCU per US$, period average) — US$2 (2025)
• Domestic credit to private sector by banks (% of GDP) — 42.86% (2025)
• Net domestic credit (current LCU) — 4.15 billion (2025)
• Net foreign assets (current LCU) — 1.64 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 43.11% (2025)
• Broad money (current LCU) — 5.15 billion (2025)
• Broad money (% of GDP) — 77.46% (2025)
• Broad money to total reserves ratio

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Belize's inflation, GDP deflator (annual % growth)?

1.06% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1961?

It is down 0.71 percentage points from 1.76% in 1961. The highest value was 51.25% in 1980 and the lowest -4.58% in 1982.

How does Belize rank?

153rd highest of 186 economies with data for 2025.

Is the latest change in inflation, GDP deflator (annual % growth) unusual for Belize?

In 2025, Belize's inflation, GDP deflator (annual % growth) fell 0.34 percentage points on 2024 (from 1.4% to 1.06%). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.04 percentage points and a typical year strayed about 3.39 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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.DEFL.KD.ZG, 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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