Gross capital formation fell 12.4% to USD 560 bil in Belize in 2023, according to the National Statistical Office.
Historically, gross capital formation in Belize reached an all time high of USD 640 bil in 2022 and an all time low of USD 35.1 bil in 1982. When compared to Belize's main peers, gross capital formation in Guatemala amounted to USD 17,195 bil, USD 7,622 bil in Honduras, USD 429,414 bil in Mexico and USD 5,971,327 bil in USA in 2023.
Belize has been ranked 146th within the group of 153 countries we follow in terms of gross capital formation, 19 places above the position seen 10 years ago.
Gross Capital Formation (USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Belize | USD bil | 379 | 403 | 380 | 529 | 640 | ... | |||||||||||||||
Canada | USD bil | 403,336 | 401,797 | 375,422 | 491,540 | 554,583 | ||||||||||||||||
China | USD bil | 6,127,939 | 6,212,756 | 6,384,329 | 7,768,897 | 7,758,145 | ... | |||||||||||||||
El Salvador | USD bil | 4,780 | 4,931 | 4,289 | 6,783 | 7,799 | ||||||||||||||||
Guatemala | USD bil | 10,112 | 11,059 | 10,493 | 14,497 | 15,846 | ||||||||||||||||
Honduras | USD bil | 6,395 | 5,715 | 4,593 | 6,820 | 8,273 | ||||||||||||||||
Japan | USD bil | 1,292,568 | 1,319,915 | 1,274,839 | 1,301,346 | 1,141,299 | ... | |||||||||||||||
Mexico | USD bil | 294,948 | 288,841 | 226,866 | 285,794 | 334,020 | ||||||||||||||||
Nicaragua | USD bil | 3,136 | 2,264 | 2,588 | 3,381 | 3,401 | ||||||||||||||||
USA | USD bil | 4,455,419 | 4,667,673 | 4,573,797 | 5,051,971 | 5,708,454 |