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ECON FACTBOOK

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Economy of Belize

Population: 332 thousand in 20131

GDP: $1.60 billion in 20132

GDP per capita: $4,894 nominal3 ($8,442 PPP4) in 2013

GDP growth rate: 1.5% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities45733.5%
Wholesale, retail trade, restaurants and hotels28020.6%
Manufacturing20615.1%
Agriculture, hunting, forestry, fishing17012.5%
Transport, storage and communication15611.4%
Mining and utilities544.0%
Construction382.8%
Total value added1,361100%

Employment

Unemployment rate: 14.6% in 20137

Employment by Industry 20078

Employment sectorPercent of total
Services72%
Industry18%
Agriculture10%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $2 billion (125% of GDP) in 201410

Household Wealth per Adult: $10,287 in 201410

Gini Coefficient: .531 in 201311

Government

Central Government

Central Government Revenue: $410 million (26% of GDP) in 201312

Central Government Expenditure: $352 million (22% of GDP) in 201312

Central Government Budget Balance: +$58 million (+4% of GDP) in 201312

Central Government Public Debt: $1.33 billion (83% of GDP) in Dec 2014* 13

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculate dusing the exchange rate 1.97 BZD = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 201314

Corporate Tax Rate: 25% in 201315

Monetary Policy

Money Supply (M1): $569 million (36% of GDP) in 201316

Benchmark Interest Rate: N/A

Total Reserves: $402 million (25% of GDP) in 201317

Exchange Rate: 1.97 Belizean Dollar = 1 U.S. Dollar on Feb 23, 201518

Inflation: 0.5% in 201319

Financial Institutions

Top 10 Financial Institutions by Assets 201320

N/A (data not available at Relbanks.com)

International Accounts

Exports: $633 million (40% of GDP) in 201321

Imports: $864 million (54% of GDP) in 201321

Trade Balance: -$231 million (-14% of GDP) in 201321

Foreign Direct Investment Inflow: $89 million (6% of GDP) in 201322

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $25 million (2% of GDP) in 201223

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Central Bank of Belize, Rates & Statistics, Public & Private Debt Statistics (Public debt) Go back
14. Source: PKF Tax Guide (Individual tax rates) Go back
15. Source: PKF Tax Guide (Corporate tax rate) Go back
16. Source: World Bank Indicators (Money supply) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: xe.com (Exchange rate) Go back
19. Source: World Bank Indicators (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: World Bank Indicators (FDI data) Go back
23. Source: World Bank Indicators (Aid data) Go back