Belize's total reserves (% of total external debt) was 31.95% in 2024, the latest year in the World Bank's World Development Indicators. That is down 5.88 percentage points from 37.84% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 31.95% | 2024 |
| Five years earlier | 20.15% | 2019 |
| Ten years earlier | 37.84% | 2014 |
| Highest | 59.9% | 1976 |
| Lowest | 5% | 2004 |
| Average since 2015 | 27.62% | 2015–2024 |
| First recorded | 59.9% | 1976 |
What the numbers say
In 2024, Belize's total reserves (% of total external debt) rose 0.75 percentage points on 2023 (from 31.2% to 31.95%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.38 percentage points and a typical year strayed about 4.12 percentage points from that (the standard deviation). This year's change was 0.1 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 12.51 percentage points in 1988 and the biggest yearly fall was 27.39 percentage points in 1979. 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 there is no clear straight-line trend: a straight line explains 6% 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 2024, Belize had the 53rd highest value of the 96 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.
| Value | Year | |
|---|---|---|
| Belize | 31.95% | 2024 |
| Latin America & Caribbean | 40.9% | 2024 |
| Upper middle income | 81.49% | 2024 |
Closest to Belize in the 2024 ranking
What this measures
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 49 values
| Year | Total reserves (% of total external debt) |
|---|---|
| 2024 | 31.95 |
| 2023 | 31.2 |
| 2022 | 32.77 |
| 2021 | 28.93 |
| 2020 | 22.78 |
| 2019 | 20.15 |
| 2018 | 21.82 |
| 2017 | 23.3 |
| 2016 | 29.19 |
| 2015 | 34.14 |
| 2014 |
Total reserves (% of total external debt) in nearby economies
- Argentina — 12.2% (2024)
- Bolivia — 12.58% (2024)
- Brazil — 54.46% (2024)
- Colombia — 30.68% (2024)
- Dominica — 27.39% (2024)
- Dominican Republic — 25.28% (2024)
- Ecuador — 11.44% (2024)
- El Salvador — 14.84% (2024)
- Grenada — 49.03% (2024)
- Guatemala — 90.22% (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
Questions people ask
- What is Belize's total reserves (% of total external debt)?
- 31.95% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is down 27.95 percentage points from 59.9% in 1976. The highest value was 59.9% in 1976 and the lowest 5% in 2004.
- How does Belize rank?
- 53rd highest of 96 economies with data for 2024.
- Is the latest change in total reserves (% of total external debt) unusual for Belize?
- In 2024, Belize's total reserves (% of total external debt) rose 0.75 percentage points on 2023 (from 31.2% to 31.95%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.38 percentage points and a typical year strayed about 4.12 percentage points from that (the standard deviation). This year's change was 0.1 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 FI.RES.TOTL.DT.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, 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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