Services, value added in Belize
Belize: Services, value added was 62.4% in 2024. ▲ Rising
Services, value added in Belize, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Belize stood at 62.4%.
That represents a change of up 0.5% on the previous year and up 0.9% over ten years.
Over the whole period, services, value added in Belize peaked at 64.1% in 2019 and was at its lowest, 40.6%, in 1978.
Belize ranks 72nd of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 41.9% | 40.6% | 43.1% | 2 |
| 1980s | 54.5% | 47.3% | 58.6% | 10 |
| 1990s | 56.1% | 53.0% | 59.1% | 10 |
| 2000s | 60.4% | 57.2% | 62.5% | 10 |
| 2010s | 62.3% | 60.9% | 64.1% | 10 |
| 2020s | 61.7% | 61.1% | 62.4% | 5 |
Countries ranked near Belize
More economy & growth data for Belize
- DEC alternative conversion factor 2 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 299.82 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 149.91 million current US$ (2025)
- Taxes less subsidies on products 963.64 million current LCU (2024)
- Taxes less subsidies on products 481.82 million current US$ (2024)
- Net primary income (Net income from abroad) -329.10 million current LCU (2025)
- Net primary income (Net income from abroad) -164.55 million current US$ (2025)
- GNI per capita 14,953 current LCU (2025)
- GNI per capita, Atlas method 7,530 current US$ (2025)
- GNI 6.32 billion current LCU (2025)
Frequently asked questions
- What is services, value added in Belize?
- Services, value added in Belize was 62.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Belize?
- The highest recorded value was 64.1% in 2019.
- What is the lowest services, value added recorded in Belize?
- The lowest recorded value was 40.6% in 1978.
- How does Belize rank for services, value added?
- Belize ranks 72nd out of 205 countries with data for 2024.
- Is services, value added rising or falling in Belize?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is rising.
- Where does this Belize data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.