Belize recorded a Current Account deficit of 6.10 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Belize averaged -4.78 percent of GDP from 1996 until 2023, reaching an all time high of 17.90 percent of GDP in 2003 and a record low of -21.50 percent of GDP in 2001. source: Central Bank of Belize

Current Account to GDP in Belize is expected to reach -7.10 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belize Current Account to GDP is projected to trend around -7.00 percent of GDP in 2025 and -5.60 percent of GDP in 2026, according to our econometric models.

Related Last Previous Unit Reference
Current Account -169.10 -110.30 BZD Million Dec 2023
Current Account to GDP -6.10 -7.30 percent of GDP Dec 2023
External Debt 1363.10 1338.50 USD Million Dec 2022
Remittances 140.10 133.00 USD Million Dec 2022
Tourist Arrivals 897008.00 401762.00 Dec 2022

Belize Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-6.10 -7.30 17.90 -21.50 1996 - 2023 percent of GDP Yearly