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Services share of GDP — all countries

Services share of GDP — Belize

Services share of GDP in Belize in 2024 — 62.4%. Ranked 63 in the world out of 189. Since 1978, the indicator has risen by 21.8 pp.

2024 62.4% +0.3 pp vs 2023
World rank 63of 189
Period maximum 64.1%2019
Period minimum 40.6%1978

Trend over time

1978–2024 · % of GDP

Services share of GDP — Belize, 1978–20244050607019781983198819931998200320082013201820231978: 40.6%1979: 43.1%1980: 47.3%1981: 51.8%1982: 57.6%1983: 58.6%1984: 56.5%1985: 57.9%1986: 57.4%1987: 53.1%1988: 51.9%1989: 53%1990: 53%1991: 54%1992: 55.3%1993: 55.3%1994: 56.8%1995: 56.4%1996: 55.9%1997: 57.2%1998: 57.5%1999: 59.1%2000: 57.2%2001: 59.2%2002: 60%2003: 61.5%2004: 61.5%2005: 62.5%2006: 60.5%2007: 60.1%2008: 60.4%2009: 61.6%2010: 61.6%2011: 60.9%2012: 61.8%2013: 62.2%2014: 61.9%2015: 62.2%2016: 61.9%2017: 62.6%2018: 63.8%2019: 64.1%2020: 61.4%2021: 61.1%2022: 61.6%2023: 62.1%2024: 62.4%
Change over the period: +21.8 pp Annual average: 0.47 pp

Comparison, 2024

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

Belize 62.4%
World 63.3%
Latin America & Caribbean 67.7%
Central America computed 59.6%
Upper-middle-income countries computed 56.3%
Services share of GDP — Belize, by year Belize All countries CSV XLSX
Year % Change, pp
2024 62.4 +0.3 pp
2023 62.1 +0.5 pp
2022 61.6 +0.5 pp
2021 61.1 −0.3 pp
2020 61.4 −2.6 pp
2019 64.1 +0.3 pp
2018 63.8 +1.2 pp
2017 62.6 +0.7 pp
2016 61.9 −0.3 pp
2015 62.2 +0.3 pp
2014 61.9 −0.3 pp
2013 62.2 +0.4 pp
2012 61.8 +0.9 pp
2011 60.9 −0.7 pp
2010 61.6 −0 pp
2009 61.6 +1.3 pp
2008 60.4 +0.3 pp
2007 60.1 −0.4 pp
2006 60.5 −2 pp
2005 62.5 +1 pp
2004 61.5 +0 pp
2003 61.5 +1.5 pp
2002 60 +0.8 pp
2001 59.2 +2 pp
2000 57.2 −1.9 pp
1999 59.1 +1.6 pp
1998 57.5 +0.3 pp
1997 57.2 +1.3 pp
1996 55.9 −0.5 pp
1995 56.4 −0.4 pp
1994 56.8 +1.5 pp
1993 55.3 −0 pp
1992 55.3 +1.3 pp
1991 54 +1.1 pp
1990 53 +0 pp
1989 53 +1 pp
1988 51.9 −1.2 pp
1987 53.1 −4.2 pp
1986 57.4 −0.5 pp
1985 57.9 +1.4 pp
1984 56.5 −2.1 pp
1983 58.6 +1 pp
1982 57.6 +5.8 pp
1981 51.8 +4.5 pp
1980 47.3 +4.1 pp
1979 43.1 +2.5 pp
1978 40.6 —

Central America, 2024

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

PA Panama 69.3 CR Costa Rica 69 BZ Belize 62.4 GT Guatemala 62 SV El Salvador 60.2 MX Mexico 58.6 HN Honduras 58.1 NI Nicaragua 46.8
Full table for all countries

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

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

Other indicators for Belize

Economy Services value added

How much the service sector creates — trade, transport, finance, health care, education.

Belize by year Economy Industry share of GDP

The contribution of industry and construction to the value added of the economy.

Belize by year Labor Employment in services

The share of workers employed in trade, transport, finance, IT and the public sector.

Belize by year Internet ICT service exports

The share of computer, communications and information services in exports of services.

Belize by year
All indicators for Belize