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Household consumption (% of GDP) — all countries

Household consumption (% of GDP) — Belize

Household consumption (% of GDP) in Belize in 2024 — 64.3%. Ranked 80 in the world out of 168. Since 1980, the indicator has risen by 26.8 pp.

2024 64.3% +0.6 pp vs 2023
World rank 80of 168
Period maximum 68.6%2003
Period minimum 31.1%1986

Trend over time

1980–2024 · % of GDP

Household consumption (% of GDP) — Belize, 1980–2024304050607019801985199019952000200520102015202020241980: 37.5%1981: 39.5%1982: 40.2%1983: 37.1%1984: 32.2%1985: 35.1%1986: 31.1%1987: 32%1988: 33%1989: 33.3%1990: 36%1991: 36.9%1992: 57.8%1993: 56.3%1994: 59%1995: 59.7%1996: 61.1%1997: 67.1%1998: 68.1%1999: 66.6%2000: 63.5%2001: 66.5%2002: 68.3%2003: 68.6%2004: 66.3%2005: 64.4%2006: 60.6%2007: 59.9%2008: 61.9%2009: 62%2010: 62.3%2011: 61.5%2012: 61.8%2013: 63.4%2014: 62.8%2015: 61.4%2016: 61%2017: 60.5%2018: 61.9%2019: 62%2020: 62.9%2021: 63%2022: 64.5%2023: 63.7%2024: 64.3%
Change over the period: +26.8 pp Annual average: 0.61 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Belize

Belize 64.3%
World 56.6%
Latin America & Caribbean 68.7%
Central America computed 71%
Upper-middle-income countries computed 48.2%
Household consumption (% of GDP) — Belize, by year Belize All countries CSV XLSX
Year % Change, pp
2024 64.3 +0.6 pp
2023 63.7 −0.8 pp
2022 64.5 +1.5 pp
2021 63 +0.1 pp
2020 62.9 +0.9 pp
2019 62 +0 pp
2018 61.9 +1.4 pp
2017 60.5 −0.4 pp
2016 61 −0.4 pp
2015 61.4 −1.4 pp
2014 62.8 −0.6 pp
2013 63.4 +1.7 pp
2012 61.8 +0.3 pp
2011 61.5 −0.8 pp
2010 62.3 +0.3 pp
2009 62 +0.2 pp
2008 61.9 +2 pp
2007 59.9 −0.6 pp
2006 60.6 −3.9 pp
2005 64.4 −1.9 pp
2004 66.3 −2.3 pp
2003 68.6 +0.3 pp
2002 68.3 +1.8 pp
2001 66.5 +3.1 pp
2000 63.5 −3.1 pp
1999 66.6 −1.6 pp
1998 68.1 +1 pp
1997 67.1 +6 pp
1996 61.1 +1.4 pp
1995 59.7 +0.7 pp
1994 59 +2.8 pp
1993 56.3 −1.5 pp
1992 57.8 +20.9 pp
1991 36.9 +0.9 pp
1990 36 +2.6 pp
1989 33.3 +0.3 pp
1988 33 +1 pp
1987 32 +0.9 pp
1986 31.1 −4 pp
1985 35.1 +3 pp
1984 32.2 −5 pp
1983 37.1 −3.1 pp
1982 40.2 +0.7 pp
1981 39.5 +2.1 pp
1980 37.5 —

Central America, 2024

The same indicator for neighboring countries — with links to their pages

GT Guatemala 88.2 HN Honduras 85.6 SV El Salvador 82.3 NI Nicaragua 80.2 MX Mexico 70.7 CR Costa Rica 64.5 BZ Belize 64.3 PA Panama 49
Full table for all countries

About the indicator

Household final consumption expenditure as a percent of GDP — the market value of all goods and services bought by the population, including the imputed rent of owner-occupied housing. A low consumption share alongside a high share of capital formation is typical of investment- and export-driven economies; a high one, of countries short of savings.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for Belize

Economy Household consumption

How much money the residents of a country spend in a year on goods and services for themselves.

Belize by year Economy Gross capital formation (% of GDP)

Investment in fixed assets and inventories as a percent of GDP — the base of future growth.

Belize by year Economy Government consumption (% of GDP)

The share of GDP taken by government final consumption spending.

Belize by year Economy GDP

Gross domestic product in current US dollars — the size of a country's economy.

Belize by year Economy GDP per capita

GDP divided by the population, in current US dollars.

Belize by year Economy GDP growth

The annual growth rate of GDP in constant prices — with inflation stripped out.

Belize by year
All indicators for Belize