Debt service (PPG and IMF only, % of exports of goods, services and) in Belize
Belize: Debt service (PPG and IMF only, % of exports of goods, services and) was 7.5% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Belize, 1984–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
Belize recorded 7.5% for debt service (ppg and imf only, % of exports of goods, services and) in 2024.
That represents a change of up 8.5% on the previous year and up 9.2% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Belize peaked at 79.0% in 2007 and was at its lowest, 5.2%, in 1984.
That places Belize 60th out of 118 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Belize, year by year
| Year | Value | Change |
|---|---|---|
| 1984 | 5.2% | — |
| 1985 | 12.5% | +139.1% |
| 1986 | 10.5% | -16.2% |
| 1987 | 8.9% | -14.7% |
| 1988 | 7.9% | -11.5% |
| 1989 | 7.7% | -2.5% |
| 1990 | 7.0% | -9.0% |
| 1991 | 6.2% | -11.7% |
| 1999 | 10.9% | +76.1% |
| 2000 | 17.1% | +57.2% |
| 2001 | 21.8% | +27.2% |
| 2002 | 38.7% | +77.3% |
| 2003 | 29.1% | -24.8% |
| 2004 | 61.5% | +111.6% |
| 2005 | 36.8% | -40.1% |
| 2006 | 17.6% | -52.3% |
| 2007 | 79.0% | +348.9% |
| 2008 | 11.6% | -85.3% |
| 2009 | 13.1% | +13.1% |
| 2010 | 11.6% | -11.8% |
| 2011 | 9.3% | -19.2% |
| 2012 | 9.3% | -0.7% |
| 2013 | 10.8% | +16.3% |
| 2014 | 6.9% | -36.2% |
| 2015 | 7.4% | +7.3% |
| 2016 | 8.7% | +17.6% |
| 2017 | 8.3% | -4.7% |
| 2018 | 7.9% | -4.4% |
| 2019 | 8.4% | +6.6% |
| 2020 | 10.5% | +23.8% |
| 2021 | 58.5% | +459.0% |
| 2022 | 5.3% | -91.0% |
| 2023 | 6.9% | +32.0% |
| 2024 | 7.5% | +8.5% |
Belize compared with similar countries
- Belize's 7.5% is below the median for upper middle income countries, which is 7.8%, 96% of the median. (50 countries reporting)
- Belize's 7.5% is below the median for Latin America & Caribbean, which is 10.0%, 75% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Debt service (PPG and IMF only, % of exports of goods, services and) in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +459.0% | 10.5% | 58.5% |
| 2007 | +348.9% | 17.6% | 79.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.8% | 5.2% | 12.5% | 6 |
| 1990s | 8.0% | 6.2% | 10.9% | 3 |
| 2000s | 32.6% | 11.6% | 79.0% | 10 |
| 2010s | 8.9% | 6.9% | 11.6% | 10 |
| 2020s | 17.7% | 5.3% | 58.5% | 5 |
Countries ranked near Belize
- 57 Maldives 7.8% compare
- 58 Chad 7.8% compare
- 59 Türkiye 7.8% compare
- 61 Lao People's Democratic Republic 7.4% compare
- 62 North Macedonia 7.1% compare
- 63 Republic of Moldova 7.0% compare
More external debt data for Belize
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 4.0% (2024)
- Net financial flows, IBRD 4.13 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.4% (2024)
- Net financial flows, IBRD (NFL, current US$), annual growth rate 718.42 % change on previous year (2024)
- Use of IMF credit 56.71 million DOD, current US$ (2024)
- External debt stocks, public and publicly guaranteed (PPG) 1.40 billion DOD, current US$ (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Belize?
- Debt service (ppg and imf only, % of exports of goods, services and) in Belize was 7.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Belize?
- The highest recorded value was 79.0% in 2007.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Belize?
- The lowest recorded value was 5.2% in 1984.
- How does Belize rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Belize ranks 60th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Belize?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.