Belize: Merchandise trade (% of GDP)
In , Belize's Merchandise trade (% of GDP) was 60.46.
That's up 0.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Belize ranks #85 globally out of 197 reporting countries. Within Latin America & Caribbean, it ranks #11 of 36.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 78.35
- Trough
- 52.56
- 1-year change
- +0.9%
- 5-year change
- +2.0%
- +0.4% / yr
- 10-year change
- -16.6%
- -1.8% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 60.4626 | |
| 59.9208 | |
| 66.7111 | |
| 61.0638 | |
| 52.5574 | |
| 59.2561 | |
| 61.6383 | |
| 60.5906 | |
| 62.3324 | |
| 69.7188 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Belize's Merchandise trade (% of GDP) in 2024?
- In 2024, Belize's Merchandise trade (% of GDP) was 60.46, according to World Bank Open Data.
- Is Belize's Merchandise trade (% of GDP) rising or falling?
- Belize's Merchandise trade (% of GDP) rose 0.9% from 2023 to 2024.
- How does Belize rank globally on Merchandise trade (% of GDP)?
- In 2024, Belize ranked #85 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Belize's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Belize is below the world average. Within Latin America & Caribbean, it ranks #11 of 36.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.