Economy ofBelize
Bliss and Radisson - Belize City.jpg
Belize City
CurrencyBelize dollar (BZD, BZ$)
Fiscal year
1 April – 31 March
Trade organisations
CARICOM, WTO
Country group
  • Developing/Emerging
  • Lower-middle income economy
Statistics
GDP
  • Increase $1.925 billion (nominal, 2018)
  • Increase $3.367 billion (PPP, 2018)
GDP rank
  • 165th (nominal, 2019)
  • 167th (PPP, 2019)
GDP growth
  • 2.1% (2018) 0.3% (2019e)
  • −13.5% (2020f) 6.7% (2021f)
GDP per capita
  • Increase $4,862 (nominal, 2018 est.)
  • Increase $8,504 (PPP, 2018)
GDP per capita rank
  • 99th (nominal, 2018)
  • 115th (PPP, 2018)
GDP by sector
  • agriculture: 13%
  • industry: 23%
  • services: 64%
  • (2012 est.)
Inflation (CPI)
0.294% (2018)
Population belowpoverty line
  • 41.3% (2009)
  • 53% on less than $5.50/day (1999)
Human Development Index
  • Increase 0.720high(2018) (103rd)
  • 0.558 IHDI (2018)
Labour force
  • Increase 184,610 (2019)
  • Increase 59.8% employment rate (2017)
  • note: shortage of skilled labor and all types of technical personnel
Labour force by occupation
  • Agriculture: 10.2%
  • industry: 18.1%
  • services: 71.7%
  • (2007 est.)
Unemployment11.1% (2016)
Main industries
Garment production, food processing, tourism, construction, oil
Ease-of-doing-business rank
Decrease 135th (medium, 2020)
External
Exports$633 million (2013 est.)
Export goods
Sugar, bananas, citrus, clothing, fish products, molasses, wood, crude oil
Main export partners
  •  United Kingdom 30.8%
  •  United States 18.7%
  •  Nigeria 6.7%
  •  Trinidad and Tobago 4.8%
  •  Jamaica 4.2%
  •  Bahamas 4.2%
  • (2015)
Import goods
Machinery and transport equipment, manufactured goods, fuels, chemicals, pharmaceuticals, food, beverages, tobacco
Main import partners
  •  United States 26.6%
  •  Mexico 11.7%
  •  Cuba 10.2%
  •  Guatemala 9%
  •  China 7.5%
  •  Trinidad and Tobago 5.6%
  •  Indonesia 4.9%
  • (2015)
Grossexternal debt
$1.048 billion (December 2013 est.)
Public finances
Public debt
$1.229 billion (2013 est.)
Revenues410.1 million (2013 est.)
Expenses352.4 million (2013 est.)
Credit rating
  • Standard & Poor's:
  • CC (Domestic)
  • CC (Foreign)
  • CC (T&C Assessment)
Main data source:CIA World Fact Book
All values, unless otherwise stated, are in US dollars.