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Belize Trade (% GDP)

Belize's trade (% GDP) fell to 106.53% in 2023, down from 108.53% in 2022, according to World Bank. This represents a decrease of 2% from the previous year. Belize has trade (% GDP) higher than the global median (106.53% vs median 84.49%). Compared with the median in Americas, Belize is higher (106.53% vs regional median 78.04%) and ranks 6th out of 32 countries in Americas.

Yearly Historical Data (1980-2023)

(in %)
Year Trade (% GDP)
2023 106.53%
2022 108.53%
2021 99.32%
2020 81.82%
2019 102.12%
2018 100.66%
2017 97.69%
2016 96.46%
2015 104.08%
2014 107.12%
2013 108.79%
2012 111.63%
2011 107.19%
2010 95.03%
2009 89.55%
2008 105.44%
2007 95.89%
2006 98.86%
2005 92.95%
2004 86.34%
2003 94.32%
2002 93%
2001 93.11%
2000 96.54%
1999 93.28%
1998 85.26%
1997 85.41%
1996 79.51%
1995 77.28%
1994 80.86%
1993 75.71%
1992 80.29%
1991 79.13%
1990 79.41%
1989 78.42%
1988 81.49%
1987 76.85%
1986 69.67%
1985 67.07%
1984 80.76%
1983 69.05%
1982 71.84%
1981 80%
1980 78.7%
Belize Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Belize divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $282.76M $253.37M 2024
Annual Imports $1.45B $1.34B 2024
Exports (% GDP) 55.29% 53.27% 2023
FDI Inflows (% GDP) 3.64% 0.52% 2024
Imports (% GDP) 51.24% 55.26% 2023
Net Trade (Goods & Services, BoP) -$83.92M -$37.15M 2024
Tariff Rate 12.02% 11.87% 2022