Belize

Belize's living standards look weaker once prices are counted. Output per person is US$7,865, 100th of 196, but on a purchasing-power basis it falls to $14,966 international dollars, 118th, an 18-place drop that reflects high local prices.

The economy grew 2.8% in real terms in 2025 and US$ GDP rose 3.8% to US$3.3 billion, yet Belize slipped 1 place to 169th, between Burundi and the Central African Republic. It is the 28th largest of 35 economies in Latin America & Caribbean and about the size of the Sebring, FL metro area.

Services account for 62.4% of output and industry 14.6%, with agriculture at 7.9% and manufacturing at 6.6%, all as of 2024. Inflation was 1.1%, unemployment 8.9% and government gross debt 66.9% of GDP. With a population of 422,924, GDP has grown 2.9x since 2000, when it stood at US$1.1 billion and ranked 156th. The IMF projects US$3.8 billion by 2030, up 16%, which would place Belize 166th among economies with forecasts.