BZ
Prices & public finance · Latin America & Caribbean · Upper-middle income
Belize: prices, money and public finance
Inflation is 1.1% (2025), 143rd of 180 in the world and 23rd of 31 in Latin America & Caribbean. GDP deflator is 1.1% (2025), 172nd of 209 in the world and 34th of 40 in Latin America & Caribbean. Lending rate is 8.5% (2025), 71st of 136 in the world and 17th of 31 in Latin America & Caribbean.
Inflation
BelizeLatin America & CaribbeanUpper-middle incomeWorld
GDP deflator
BelizeLatin America & CaribbeanUpper-middle incomeWorld
14 indicators
Prices & public finance: Belize in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 1.1%2025 | 143/180 | 23/31 | 3.1% | 0.9% | 0.1% | +1.9 ppsince 2015 | 2.1% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 1.1%2025 | 172/209 | 34/40 | 1.4% | 2.2% | -0.6% | +1.2 ppsince 2015 | 3.4% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 8.5%2025 | 71/136 | 17/31 | 16.0% | 13.9% | 8.7% | −1.8 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 7.3%2025 | 40/136 | 10/31 | 14.4% | 11.5% | 9.4% | −3.2 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 2.002025 | 143/210 | 27/39 | 2.00 | 2.00 | 2.00 | ±0.0%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 21.3%2017 | — | — | 13.0% | 18.8% | · | +4.0 ppsince 2007 | 14.7% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 23.8%2017 | — | — | 14.9% | 21.8% | · | +4.3 ppsince 2007 | 22.8% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 22.3%2017 | — | — | 13.1% | 19.7% | · | +4.4 ppsince 2007 | 27.6% | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 61.0%2014 | 29/78 | 8/14 | 50.4%2002 | 64.0% | · | −17.5 ppsince 2004 | 69.1% | — | — | |
| External debtExternal debt stocks, % of GNI | 46.0%2024 | 54/119 | 12/22 | 58.0% | 81.1% | 77.0% | −18.3 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 43.1%2025 | 82/169 | 17/31 | 29.9% | 49.8% | 55.1% | −2.8 ppsince 2015 | 52.9% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 77.5%2025 | 43/146 | 7/31 | 39.5% | 59.8% | 86.3% | +11.9 ppsince 2015 | 72.6% | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.52025 | 106/165 | 23/32 | 2.3 | 2.7 | 4.3 | −14%since 2015 | 6.6 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.00%2025 | 115/156 | 10/22 | 0.67% | 0.87% | 1.38% | ±0.0 ppsince 2015 | 1.07% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Government debt−17.5 pp61.0% in 2014
- External debt−18.3 pp46.0% in 2024
Worse than ten years ago
- Inflation+1.9 pp1.1% in 2025
- Reserves, months of imports−14%3.5 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Belize and its neighbours
Countries sharing a land border with Belize. Latest values since 2005; the highest in each row is marked.
| Indicator | Belize | Mexico | Guatemala |
|---|---|---|---|
| Inflation | 1.1%2025 | 3.8%2025 | 1.5%2025 |
| GDP deflator | 1.1%2025 | 4.6%2025 | 3.4%2025 |
| Lending rate | 8.5%2025 | 8.8%2025 | 12.9%2025 |
| Real interest rate | 7.3%2025 | 4.0%2025 | 9.2%2025 |
| Exchange rate | 2.002025 | 19.242025 | 7.682025 |
| Tax revenue | 21.3%2017 | 14.8%2024 | 11.6%2024 |
| Government revenue | 23.8%2017 | 19.4%2024 | 12.8%2024 |
| Government expense | 22.3%2017 | 22.5%2023 | 13.5%2023 |
| Government debt | 61.0%2014 | 50.3%2024 | 25.2%2013 |