Belize: Trade (% of GDP)
In , Belize's Trade (% of GDP) was 108.97.
That's up 2.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Belize ranks #47 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #3 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.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
- 111.17
- Trough
- 81.64
- 1-year change
- +2.4%
- 5-year change
- +6.4%
- +1.2% / yr
- 10-year change
- +1.7%
- +0.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 108.9724 | |
| 106.4005 | |
| 107.8403 | |
| 98.9824 | |
| 81.6431 | |
| 102.4419 | |
| 100.9892 | |
| 97.7073 | |
| 96.4998 | |
| 104.0710 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Belize's Trade (% of GDP) in 2024?
- In 2024, Belize's Trade (% of GDP) was 108.97, according to World Bank Open Data.
- Is Belize's Trade (% of GDP) rising or falling?
- Belize's Trade (% of GDP) rose 2.4% from 2023 to 2024.
- How does Belize rank globally on Trade (% of GDP)?
- In 2024, Belize ranked #47 out of 160 countries reporting Trade (% of GDP).
- How does Belize's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Belize is above the world average. Within Latin America & Caribbean, it ranks #3 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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 (NE.TRD.GNFS.ZS), CC BY 4.0.