What Is Belize's GDP? Official Figures from SIB and the World Bank
Verified on 14 November 2026 on the Statistical Institute of Belize’s annual GDP workbooks and its GDP release for the second quarter of 2026, and on the World Bank’s GDP series for Belize.
The Statistical Institute of Belize (SIB) puts Belize’s gross domestic product for 2025 at BZ$6,668.9 million at current prices, and its annual percent change at constant prices at 2.9 for 2025. The World Bank’s series gives 2025 GDP of US$3,326,500,000 in current US dollars and GDP per capita of 7865.47937690933 current US dollars, about US$7,865 rounded. SIB’s latest quarter, April to June 2026, came to $1.388 billion, 1.4 percent above the same quarter of 2025, in SIB’s preliminary estimate.
SIB’s annual series
| Year | GDP, current prices (BZ$ million) | GDP, annual percent change, constant prices |
|---|---|---|
| 2025 | 6668.9 | 2.9 |
| 2024 | 6432.3 | 2.9 |
| 2023 | 6101.0 | 0.2 |
| 2022 | 5700.0 | 9.2 |
| 2021 | 4857.1 | 17.9 |
| 2020 | 4094.2 | -13.4 |
| 2019 | 4762.9 | 3.9 |
Both columns are SIB’s Gross Domesic Product row (SIB’s spelling), base 2014, as its two workbooks display it. The constant-price column shows a fall of 13.4 in 2020 and a rise of 17.9 in 2021. Both workbooks carry the footer Revised September 24, 2025, although each includes a 2025 column.
The World Bank’s figures
| World Bank indicator (current US$ unless stated) | 2025 | 2024 |
|---|---|---|
| GDP (NY.GDP.MKTP.CD) | US$3,326,500,000 | US$3,203,631,800 |
| GDP per capita (NY.GDP.PCAP.CD) | 7865.47937690933 (about 7,865) | 7681.24400583113 (about 7,681) |
| GDP growth, annual % (NY.GDP.MKTP.KD.ZG) | 2.74831731763744 (about 2.7) | 3.50466435023895 (about 3.5) |
The values are as the World Bank’s data API prints them, last updated 2026-11-11 by its own feed; the figures marked about are our rounding. SIB’s constant-price change is 2.9 for both 2025 and 2024; the World Bank’s growth values for the same years differ from SIB’s, and neither publisher explains the gap in what we read. At Belize’s fixed rate of BZD $2 to USD $1, as the Belize Tourism Board prints it, the World Bank’s 2025 GDP comes to BZ$6,653.0 million (our conversion), against SIB’s BZ$6,668.9 million.
SIB’s release on the whole of 2025
SIB’s release for the second quarter of 2026, published September 30th, 2026, has a section on 2025. It says the total value of goods and services produced in 2025 “was estimated at $5.345 billion”, an increase of $150.6 million or 2.9 percent from $5.194 billion in 2024. That section does not say whether $5.345 billion is at current or constant prices, and it is not the BZ$6,668.9 million current-price figure in SIB’s workbook. By sector, the release reports:
- Primary: up 5.8 percent, from $500.8 million in 2024 to $530.0 million in 2025, “reflecting increased output of bananas, other crops, marine products, and livestock”.
- Secondary: down 4.1 percent, from $746.8 million to $716.3 million, mainly from Manufacturing, Construction and Electricity, which contracted by 0.8 percent, 6.9 percent and 13.6 percent.
- Tertiary: $3.402 billion, up 3.7 percent or $120.9 million from $3.281 billion, which SIB calls the largest contributor to economic growth.
- Taxes on products: up 4.6 percent, from $665.7 million to $696.6 million.
The latest quarter
SIB’s preliminary estimate for April to June 2026 is $1.388 billion, an increase of $18.9 million or 1.4 percent on the $1.369 billion of the second quarter of 2025. The release says growth was driven primarily by the tertiary sector, while the primary and secondary sectors contracted. Its Figure 1 is headed Second Quarter Gross Domestic Product at Constant Prices; 2021- 2026, in Millions of Belize Dollars:
| Second quarter | GDP, constant prices (millions of Belize dollars, release Figure 1) |
|---|---|
| 2026 | 1388.3 |
| 2025 | 1369.4 |
| 2024 | 1346.2 |
| 2023 | 1285.8 |
| 2022 | 1291.0 |
| 2021 | 1168.1 |
The same $1.388 billion is the GDP headline on SIB’s home page, marked 2nd Quarter, 2026. Prices a visitor pays are on our Belize trip cost page, and the Belize dollar and its peg are on our currency and ATM guide. The population figures behind any per-person measure are on Belize’s population.
What SIB and the World Bank don’t publish
In the SIB workbooks and release we read on 14 November 2026, SIB printed no GDP-per-capita figure, so the per-capita line above is the World Bank’s alone. Neither SIB nor the World Bank explains, in what we read, why their 2025 values differ.
How we researched this
On 14 November 2026 we downloaded SIB’s annual workbooks for GDP by activity at current prices and for annual percent change at constant prices (both base 2014), extracted the text of SIB’s GDP release for the second quarter of 2026, and read SIB’s home page. We requested three World Bank indicators for Belize (NY.GDP.MKTP.CD, NY.GDP.PCAP.CD and NY.GDP.MKTP.KD.ZG) from its public data API. The only figures we calculated are the rounded World Bank values marked about and the one conversion, at the Belize Tourism Board’s fixed exchange rate of BZD $2 to USD $1.
Sources
- Statistical Institute of Belize — Gross Domestic Product by Activity, Current Prices (XLSX) — GDP at current prices, 2019-2025, and the revision footer
- Statistical Institute of Belize — Gross Domestic Product by Activity, Annual Percent Change (XLSX) — annual percent change at constant prices, 2019-2025
- Statistical Institute of Belize — GDP release for the second quarter of 2026 (PDF) — the second-quarter figures, Figure 1, the 2025 annual section and the sector changes
- Statistical Institute of Belize — home page — the $1.388 billion second-quarter 2026 headline
- World Bank Open Data API — GDP, GDP per capita and GDP growth, Belize — the 2024 and 2025 values and the 2026-11-11 update date
- Belize Tourism Board — Belize Fast Facts (PDF) — the fixed BZD-to-USD exchange rate used for our conversion
Last verified: 2026-11-14
Researched and written by Estuardo Enriquez for belizetravelblog.com, an independent site with no connection to any airport, airline, tour operator or government body.