GDP Growth Rate
Year -
3.50%
In 2024, Belize experienced a significant an increase in its GDP growth rate, which rise to 3.50% from 0.50% in 2023. Additionally, the GDP per capita growth rate in Belize increase to 2.02% in 2024, compared to -1.55% in 2023.
In 2024, Belize experienced a increase in economic performance, with the GDP growth rate rising by 3%. Additionally, the GDP per capita growth rate increase by 3.57%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 4.89% | 4.89% | 2.3% | 2.30% |
| 1962 | 4.89% | 0.00% | 2.26% | -0.04% |
| 1963 | 4.96% | 0.07% | 2.13% | -0.13% |
| 1964 | 5% | 0.04% | 2% | -0.13% |
| 1965 | 4.93% | -0.07% | 1.85% | -0.15% |
| 1966 | 4.77% | -0.16% | 1.63% | -0.22% |
| 1967 | 4.91% | 0.14% | 1.74% | 0.11% |
| 1968 | 7.37% | 2.46% | 4.15% | 2.41% |
| 1969 | 5.11% | -2.26% | 2.14% | -2.01% |
| 1970 | 4.81% | -0.30% | 2.47% | 0.33% |
| 1971 | 3.96% | -0.85% | 2.21% | -0.26% |
| 1972 | 10.22% | 6.26% | 8.56% | 6.35% |
| 1973 | 5.35% | -4.87% | 3.88% | -4.68% |
| 1974 | 13.56% | 8.21% | 12.02% | 8.14% |
| 1975 | 3.59% | -9.97% | 1.84% | -10.18% |
| 1976 | -0.03% | -3.62% | -2.07% | -3.91% |
| 1977 | 6.5% | 6.53% | 4.31% | 6.38% |
| 1978 | 7.92% | 1.42% | 5.72% | 1.41% |
| 1979 | 7.52% | -0.40% | 5.27% | -0.45% |
| 1980 | 12.11% | 4.59% | 9.49% | 4.22% |
| 1981 | 1.13% | -10.98% | -1.4% | -10.89% |
| 1982 | -0.11% | -1.24% | -2.57% | -1.17% |
| 1983 | -2.15% | -2.04% | -4.49% | -1.92% |
| 1984 | 1.98% | 4.13% | -0.41% | 4.08% |
| 1985 | 1.01% | -0.97% | -1.31% | -0.90% |
| 1986 | 4.55% | 3.54% | 2.2% | 3.51% |
| 1987 | 10.73% | 6.18% | 8.28% | 6.08% |
| 1988 | 9.79% | -0.94% | 7.38% | -0.90% |
| 1989 | 13.01% | 3.22% | 10.53% | 3.15% |
| 1990 | 11.34% | -1.67% | 8.93% | -1.60% |
| 1991 | 11.78% | 0.44% | 9.41% | 0.48% |
| 1992 | 12.74% | 0.96% | 10.41% | 1.00% |
| 1993 | 6.14% | -6.60% | 4% | -6.41% |
| 1994 | -0.02% | -6.16% | -2.13% | -6.13% |
| 1995 | 0.73% | 0.75% | -1.76% | 0.37% |
| 1996 | 1.11% | 0.38% | -1.86% | -0.10% |
| 1997 | 4.23% | 3.12% | 0.81% | 2.67% |
| 1998 | 3.89% | -0.34% | 0.33% | -0.48% |
| 1999 | 9.42% | 5.53% | 5.72% | 5.39% |
| 2000 | 12.24% | 2.82% | 8.63% | 2.91% |
| 2001 | 4.99% | -7.25% | 1.79% | -6.84% |
| 2002 | 5.4% | 0.41% | 2.26% | 0.47% |
| 2003 | 9.67% | 4.27% | 6.43% | 4.17% |
| 2004 | 4.78% | -4.89% | 1.73% | -4.70% |
| 2005 | 2.22% | -2.56% | -0.72% | -2.45% |
| 2006 | 4.51% | 2.29% | 1.55% | 2.27% |
| 2007 | 3.34% | -1.17% | 0.47% | -1.08% |
| 2008 | -1.63% | -4.97% | -4.3% | -4.77% |
| 2009 | -0.45% | 1.18% | -3.07% | 1.23% |
| 2010 | 1.42% | 1.87% | -1% | 2.07% |
| 2011 | -0.13% | -1.55% | -2.28% | -1.28% |
| 2012 | 3.94% | 4.07% | 1.73% | 4.01% |
| 2013 | 4.07% | 0.13% | 1.87% | 0.14% |
| 2014 | 3.89% | -0.18% | 1.72% | -0.15% |
| 2015 | 2.76% | -1.13% | 0.62% | -1.10% |
| 2016 | -0.02% | -2.78% | -2.31% | -2.93% |
| 2017 | -1.83% | -1.81% | -4.07% | -1.76% |
| 2018 | 0.82% | 2.65% | -1.04% | 3.03% |
| 2019 | 4.26% | 3.44% | 2.74% | 3.78% |
| 2020 | -13.52% | -17.78% | -14.63% | -17.37% |
| 2021 | 17.99% | 31.51% | 16.64% | 31.27% |
| 2022 | 9.25% | -8.74% | 7.25% | -9.39% |
| 2023 | 0.5% | -8.75% | -1.55% | -8.80% |
| 2024 | 3.5% | 3.00% | 2.02% | 3.57% |