Belize

Belize

Economic Position

Belize's gross domestic product was approximately $3.20 billion in 2024, per World Bank WDI, with GDP per capita of about $7,681 the same year. Population was 417,072 in 2024, per World Bank WDI. The IMF WEO puts government debt at 63.2% of GDP for 2026. Reserves stood at roughly $498 million in 2024, per World Bank WDI.

Military and Power Indicators

SIPRI Milex data puts Belize's military expenditure at about $33.3 million in 2025, equivalent to 0.996% of GDP for the same year — a figure drawn from SIPRI's own GDP series rather than the World Bank figure cited above. The Correlates of War National Material Capabilities dataset records 2,000 active military personnel in 2022, with a composite index of national capability (CINC) of 3.1970754e-05 for the same year.

Energy

Primary energy consumption was 0.0133 exajoules in 2023, per Our World in Data. Electricity generation was 0.47 terawatt-hours in 2024, per the same source. Oil production was recorded at 1.23 terawatt-hours in 2016, per Our World in Data, while gas production was 0.0 terawatt-hours the same year.

Data Gaps

No governance indicators are available in this bundle: V-Dem electoral democracy, liberal democracy and state capacity scores are all absent for Belize. The oil production figure of 1.23 terawatt-hours is from 2016, a decade behind the 2023-2024 figures elsewhere in this bundle, and should not be treated as a current production level. The personnel and CINC figures are also dated to 2022, several years behind the GDP and reserves data.

Sources: World Bank WDI, IMF WEO, SIPRI Milex, Correlates of War National Material Capabilities, Our World in Data (Energy).