Services sector's value added to GDP in Belize

The value added by the services industry to the gross domestic product in Belize increased by 203.3 million U.S. dollars (+14.81 percent) in 2022 in comparison to the previous year. With 1.6 billion U.S. dollars, the value added thereby reached its highest value in the observed period.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources

Find more statistics on other topics about Belize with key insights such as share of value added by the services industry to gross domestic product, value added by the agriculture, forestry, and fishing sector to the gross domestic product, and value added by the services industry to the gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in Belize from 2013 to 2022 (in million U.S. dollars)

Characteristic	Value in million U.S. dollars
2022	1,575.64
2021	1,372.32
2020	1,204.96
2019	1,449.59
2018	1,377.92
2017	1,356.32
2016	1,366.77
2015	1,373.96
2014	1,311.4
2013	1,278.71

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Release date

June 2023

More information

Region

Belize

Survey time period

2013 to 2022

Special properties

Values in constant U.S. dollars based on 2010 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

Figures have been rounded.

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