Remittance inflows to GDP in Belize
Belize: Remittance inflows to GDP was 7.6% in 2020. ▼ Falling
Remittance inflows to GDP in Belize, 1984–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Belize is 7.6%, measured in 2020.
Compared with earlier readings it is up 52.9% on the previous year and up 35.2% over ten years.
Over the whole period, remittance inflows to gdp in Belize peaked at 10.5% in 1986 and was at its lowest, 2.2%, in 1994.
That places Belize 49th out of 195 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently falling across the 37 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.8% | 5.3% | 10.5% | 6 |
| 1990s | 3.2% | 2.2% | 4.5% | 10 |
| 2000s | 4.2% | 2.9% | 6.0% | 10 |
| 2010s | 5.0% | 4.7% | 5.6% | 10 |
| 2020s | 7.6% | 7.6% | 7.6% | 1 |
Countries ranked near Belize
More financial sector data for Belize
- Domestic credit to private sector by banks 42.9% (2025)
- Total reserves in months of imports 3.49 (2025)
- Net domestic credit 4.15 billion current LCU (2025)
- Net foreign assets 1.64 billion current LCU (2025)
- Monetary Sector credit to private sector 43.1% (2025)
- Broad money 77.5% (2025)
- Claims on central government, etc. 16.7% (2025)
- Domestic credit to private sector 43.1% (2025)
- Official exchange rate 2 LCU per US$, period average (2025)
- Net migration 360 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Belize?
- Remittance inflows to gdp in Belize was 7.6% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Belize?
- The highest recorded value was 10.5% in 1986.
- What is the lowest remittance inflows to gdp recorded in Belize?
- The lowest recorded value was 2.2% in 1994.
- How does Belize rank for remittance inflows to gdp?
- Belize ranks 49th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Belize?
- Over the last ten years it is up 35.2%. The long-run trend across the full record is falling.
- Where does this Belize data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 37 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.