Belize GDP Growth Rate (2026)
Belize has a small Central American economy supported by tourism, agriculture, services, construction, and trade. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.2%
Annual real GDP growth
World Rank
#131
Out of 195 countries
Change vs 2025
-0.5 pp
2025: +2.7%
North America Rank
#14
Out of 23 countries
1. Belize GDP Growth Rate in 2026
Belizean economic growth is influenced by tourism, household demand, agriculture, construction, and external trade. U.S. travel demand and weather conditions remain especially important.
2. Belize GDP Growth Rate Trends (1980–2026)
Belize’s growth history has been shaped by tourism expansion, agriculture, external demand, and periodic natural disasters.
3. Belize GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.2% | -0.5 pp |
| 2025 | +2.7% | -0.8 pp |
| 2024 | +3.5% | +3.0 pp |
| 2023 | +0.5% | -8.8 pp |
| 2022 | +9.3% | -8.7 pp |
| 2021 | +18.0% | +31.5 pp |
| 2020 | -13.5% | -17.8 pp |
| 2019 | +4.3% | +3.5 pp |
| 2018 | +0.8% | +2.6 pp |
| 2017 | -1.8% | -1.8 pp |
| 2016 | 0.0% | -2.8 pp |
| 2015 | +2.8% | -1.1 pp |
| 2014 | +3.9% | -0.2 pp |
| 2013 | +4.1% | +0.2 pp |
| 2012 | +3.9% | +4.0 pp |
| 2011 | -0.1% | -1.5 pp |
| 2010 | +1.4% | +1.8 pp |
| 2009 | -0.4% | +1.2 pp |
| 2008 | -1.6% | -4.9 pp |
| 2007 | +3.3% | -1.2 pp |
| 2006 | +4.5% | +2.3 pp |
| 2005 | +2.2% | -2.6 pp |
| 2004 | +4.8% | -4.9 pp |
| 2003 | +9.7% | +4.3 pp |
| 2002 | +5.4% | +0.4 pp |
| 2001 | +5.0% | -7.2 pp |
| 2000 | +12.2% | +2.8 pp |
| 1999 | +9.4% | +5.5 pp |
| 1998 | +3.9% | -0.3 pp |
| 1997 | +4.2% | +3.1 pp |
| 1996 | +1.1% | +0.4 pp |
| 1995 | +0.7% | +0.7 pp |
| 1994 | 0.0% | -6.1 pp |
| 1993 | +6.1% | -6.6 pp |
| 1992 | +12.7% | +0.9 pp |
| 1991 | +11.8% | +0.6 pp |
| 1990 | +11.2% | -4.3 pp |
| 1989 | +15.5% | +4.6 pp |
| 1988 | +10.9% | -11.1 pp |
| 1987 | +22.0% | +14.7 pp |
| 1986 | +7.3% | +8.7 pp |
| 1985 | -1.4% | -12.7 pp |
| 1984 | +11.3% | +5.2 pp |
| 1983 | +6.1% | +13.7 pp |
| 1982 | -7.6% | -7.8 pp |
| 1981 | +0.2% | -4.8 pp |
| 1980 | +5.0% | — |
4. Belize GDP Growth Performance
Current Growth Rate
+2.2%
(2026 to 2026)
5-Year Average
+3.6%
(2022 to 2026)
10-Year Average
+2.6%
(2017 to 2026)
20-Year Average
+2.2%
(2007 to 2026)
The economy benefits from tourism and agricultural exports, while its small domestic market and climate exposure create vulnerability.
5. Belize GDP Growth Rate vs North America and World
Belize
+2.2%
North America Average
+2.2%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Belize’s GDP growth rate is approximately
0.0 pp
above the
North America average
and
0.6 pp
below the world average.
6. Belize GDP Growth Rate Ranking in North America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #10 | St. Vincent & Grenadines | +3.0% |
| #11 | Antigua and Barbuda | +2.6% |
| #12 | Barbados | +2.5% |
| #13 | United States | +2.3% |
| #14 | Belize | +2.2% |
| #15 | Bahamas | +2.1% |
| #16 | Saint Kitts & Nevis | +2.0% |
| #17 | Saint Lucia | +2.0% |
| #18 | Mexico | +1.6% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Belize
Belize GDP (Nominal)
$3.5 Billion
(2026)
Belize GDP Growth Rate
+2.2%
(2026)
Belize can perform strongly when tourism and exports are favorable, but growth is typically more volatile than in larger diversified economies.
Explore more:
Belize GDP
9. Belize GDP Growth Rate Forecast
The outlook depends on tourism, agriculture, investment, construction, and external demand. Hurricanes and fiscal pressures remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.1% | -0.1 pp |
| 2028 | +2.0% | -0.1 pp |
| 2029 | +2.0% | 0.0 pp |
| 2030 | +2.0% | 0.0 pp |
10. Belize GDP Growth Rate: Key Findings
Belize GDP growth rate is estimated at +2.2% in 2026.
It ranks #131 globally and #14 in North America by annual GDP growth rate.
The growth rate slowed by 0.5 percentage points compared with 2025.
The 5-year average GDP growth rate is +3.6%.
The 10-year average GDP growth rate is +2.6%.
The current rate is 0.0 percentage points above the North America average.
The current rate is 0.6 percentage points below the world average.
The forecast GDP growth rate is +2.0% in 2030, 0.2 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Belize GDP Growth Rate FAQs
Belize GDP growth rate is estimated at +2.2% in 2026.
Belize ranks #131 globally and #14 in North America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.2% in 2026.
Belize GDP growth rate was +2.8% in 2015.
Belize GDP growth rate is 0.0 percentage points above the North America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.