GDP Growth Rate
Year -
4.54%
In 2023, Belize experienced a significant a decrease in its GDP growth rate, which fall to 4.54% from 8.73% in 2022. Additionally, the GDP per capita growth rate in Belize decrease to 3.13% in 2023, compared to 7.33% in 2022.
In 2023, Belize experienced a decrease in economic performance, with the GDP growth rate falling by 4.19%. Additionally, the GDP per capita growth rate decrease by 4.2%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 4.89% | 4.89% | 2.26% | 2.26% |
| 1962 | 4.89% | 0.00% | 2.24% | -0.02% |
| 1963 | 4.96% | 0.07% | 2.12% | -0.12% |
| 1964 | 5% | 0.04% | 2% | -0.12% |
| 1965 | 4.93% | -0.07% | 1.86% | -0.14% |
| 1966 | 4.77% | -0.16% | 1.65% | -0.21% |
| 1967 | 4.91% | 0.14% | 1.76% | 0.11% |
| 1968 | 7.37% | 2.46% | 4.17% | 2.41% |
| 1969 | 5.11% | -2.26% | 2.15% | -2.02% |
| 1970 | 4.81% | -0.30% | 2.42% | 0.27% |
| 1971 | 3.96% | -0.85% | 2.11% | -0.31% |
| 1972 | 10.22% | 6.26% | 8.49% | 6.38% |
| 1973 | 5.35% | -4.87% | 3.84% | -4.65% |
| 1974 | 13.56% | 8.21% | 12.02% | 8.18% |
| 1975 | 3.59% | -9.97% | 1.87% | -10.15% |
| 1976 | -0.03% | -3.62% | -2.03% | -3.90% |
| 1977 | 6.5% | 6.53% | 4.38% | 6.41% |
| 1978 | 7.92% | 1.42% | 5.78% | 1.40% |
| 1979 | 7.52% | -0.40% | 5.33% | -0.45% |
| 1980 | 13.44% | 5.92% | 10.85% | 5.52% |
| 1981 | 1.13% | -12.31% | -1.33% | -12.18% |
| 1982 | -0.11% | -1.24% | -2.5% | -1.17% |
| 1983 | -2.14% | -2.03% | -4.43% | -1.93% |
| 1984 | 1.97% | 4.11% | -0.37% | 4.06% |
| 1985 | 1.01% | -0.96% | -1.28% | -0.91% |
| 1986 | 4.54% | 3.53% | 2.19% | 3.47% |
| 1987 | 10.74% | 6.20% | 8.28% | 6.09% |
| 1988 | 9.79% | -0.95% | 7.38% | -0.90% |
| 1989 | 13.01% | 3.22% | 10.56% | 3.18% |
| 1990 | 9.47% | -3.54% | 7.14% | -3.42% |
| 1991 | 11.78% | 2.31% | 9.46% | 2.32% |
| 1992 | 12.74% | 0.96% | 10.46% | 1.00% |
| 1993 | 6.14% | -6.60% | 4.02% | -6.44% |
| 1994 | -0.02% | -6.16% | -2.16% | -6.18% |
| 1995 | 0.73% | 0.75% | -1.81% | 0.35% |
| 1996 | 1.11% | 0.38% | -1.92% | -0.11% |
| 1997 | 4.23% | 3.12% | 0.74% | 2.66% |
| 1998 | 3.89% | -0.34% | 0.29% | -0.45% |
| 1999 | 9.42% | 5.53% | 5.74% | 5.45% |
| 2000 | 12.24% | 2.82% | 8.66% | 2.92% |
| 2001 | 4.99% | -7.25% | 1.74% | -6.92% |
| 2002 | 5.4% | 0.41% | 2.15% | 0.41% |
| 2003 | 9.67% | 4.27% | 6.34% | 4.19% |
| 2004 | 4.78% | -4.89% | 1.65% | -4.69% |
| 2005 | 2.22% | -2.56% | -0.79% | -2.44% |
| 2006 | 4.51% | 2.29% | 1.49% | 2.28% |
| 2007 | 3.3% | -1.21% | 0.36% | -1.13% |
| 2008 | -1.54% | -4.84% | -4.28% | -4.64% |
| 2009 | -0.45% | 1.09% | -3.14% | 1.14% |
| 2010 | 1.24% | 1.69% | -1.25% | 1.89% |
| 2011 | -0.3% | -1.54% | -2.55% | -1.30% |
| 2012 | 3.66% | 3.96% | 1.35% | 3.90% |
| 2013 | 4.44% | 0.78% | 2.13% | 0.78% |
| 2014 | 4.01% | -0.43% | 1.75% | -0.38% |
| 2015 | 3.23% | -0.78% | 1.06% | -0.69% |
| 2016 | -0.01% | -3.24% | -2.04% | -3.10% |
| 2017 | -1.81% | -1.80% | -3.75% | -1.71% |
| 2018 | 1.06% | 2.87% | -0.89% | 2.86% |
| 2019 | 4.24% | 3.18% | 2.35% | 3.24% |
| 2020 | -13.73% | -17.97% | -15% | -17.35% |
| 2021 | 17.86% | 31.59% | 16.36% | 31.36% |
| 2022 | 8.73% | -9.13% | 7.33% | -9.03% |
| 2023 | 4.54% | -4.19% | 3.13% | -4.20% |