Belize: Trade (% of GDP)

Key figures

What the numbers say

In 2024, Belize's trade (% of GDP) rose 2.57 percentage points on 2023 (from 106.4% to 108.97%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +1.02 percentage points and a typical year strayed about 7.71 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 17.34 percentage points in 2021 and the biggest yearly fall was 20.8 percentage points 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 there is no clear straight-line trend: a straight line explains 10% 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 8th highest value of the 33 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

• Fiji — 5th of 33: 118.96%
• Oman — 6th of 33: 114.85%
• Solomon Islands — 7th of 33: 111.35%
• Eswatini — 9th of 33: 107.48%
• Palau — 10th of 33: 105.81%
• Faroe Islands — 11th of 33: 105.75%

What this measures

Trade is the sum of exports and imports of goods and services. 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.

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

All 45 values

Trade (% of GDP) in nearby economies

• Argentina — 30.36% (2025)
• Aruba — 164.14% (2024)
• Bahamas, The — 79.24% (2024)
• Bolivia — 46.98% (2024)
• Brazil — 35.29% (2025)
• Chile — 64.98% (2025)
• Colombia — 35.37% (2025)
• Costa Rica — 71.49% (2025)
• Cuba — 124.86% (2024)
• Curaçao — 155.27% (2018)
• Dominican Republic — 51.49% (2025)
• Ecuador — 59.36% (2025)
• El Salvador

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Belize's trade (% of GDP)?

108.97% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 30.27 percentage points from 78.7% in 1980. The highest value was 111.17% in 2012 and the lowest 67.07% in 1985.

How does Belize rank?

8th highest of 33 economies with data for 2024.

Is the latest change in trade (% of GDP) unusual for Belize?

In 2024, Belize's trade (% of GDP) rose 2.57 percentage points on 2023 (from 106.4% to 108.97%). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.02 percentage points and a typical year strayed about 7.71 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.TRD.GNFS.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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.