Merchandise Trade (As % of GDP) fell to 73.7% in Belize in 2017

Merchandise Trade (As % of GDP) (%)
Economy | Belize | May 17, 2019
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Excel Sheet

Merchandise trade as a share of GDP reached 73.7 % in 2017 in Belize, according to the National Statistical Office. This is 4.57 % less than in the previous year.

Historically, merchandise trade as a share of GDP in Belize reached an all time high of 144 % in 1979 and an all time low of 65.9 % in 1996. When compared to Belize's main peers, merchandise trade as a share of GDP in Guatemala amounted to 38.9 %, 87.0 % in Honduras, 73.1 % in Mexico and 20.3 % in USA in 2017.

Belize has been ranked 47th within the group of 168 countries we follow in terms of merchandise trade as a share of GDP, 2 places behind the position seen 10 years ago.

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current US dollars.

Merchandise Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize % 96.5% 95.2% 95.5% 91.6% 86.8%
Canada % 51.2% 51.1% 50.7% 52.8% 54.1%
China % 48.1% 45.2% 43.3% 41.0% 35.7%
El Salvador % 75.3% 72.9% 74.0% 70.0% 68.2%
Guatemala % 56.7% 53.5% 51.1% 49.5% 44.4%
Honduras % 108% 106% 102% 97.0% 92.1%
Japan % 27.3% 27.2% 30.0% 31.0% 29.0%
Mexico % 60.2% 62.5% 60.5% 61.5% 67.1%
Nicaragua % 107% 109% 105% 102% 94.5%
USA % 24.1% 24.0% 23.3% 23.0% 21.0%