Insurance and financial services in Belize
Belize: Insurance and financial services was 15.1% in 2025. ▲ Rising
Insurance and financial services in Belize, 1984–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Belize is 15.1%, measured in 2025.
Compared with earlier readings it is up 11.7% on the previous year and down 29.0% over ten years.
Over the whole period, insurance and financial services in Belize peaked at 26.1% in 2007 and was at its lowest, 3.8%, in 1993.
Belize ranks 19th of 197 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 42 years of available data.
Insurance and financial services in Belize, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1984 | 5.2% | — |
| 1985 | 5.4% | +4.8% |
| 1986 | 4.6% | -15.9% |
| 1987 | 4.8% | +5.1% |
| 1988 | 4.9% | +2.3% |
| 1989 | 4.7% | -3.6% |
| 1990 | 4.3% | -8.6% |
| 1991 | 4.7% | +9.1% |
| 1992 | 4.3% | -9.8% |
| 1993 | 3.8% | -11.8% |
| 1994 | 9.5% | +153.5% |
| 1995 | 9.4% | -0.9% |
| 1996 | 9.1% | -3.5% |
| 1997 | 9.0% | -0.6% |
| 1998 | 9.2% | +1.4% |
| 1999 | 9.1% | -1.2% |
| 2000 | 9.9% | +9.5% |
| 2001 | 11.9% | +20.4% |
| 2002 | 17.0% | +42.1% |
| 2003 | 20.7% | +22.3% |
| 2004 | 23.2% | +11.8% |
| 2005 | 23.7% | +2.2% |
| 2006 | 18.2% | -23.0% |
| 2007 | 26.1% | +43.2% |
| 2008 | 15.8% | -39.6% |
| 2009 | 17.0% | +7.5% |
| 2010 | 17.2% | +1.5% |
| 2011 | 16.0% | -7.3% |
| 2012 | 18.9% | +18.1% |
| 2013 | 15.5% | -17.7% |
| 2014 | 15.8% | +2.1% |
| 2015 | 21.3% | +34.7% |
| 2016 | 17.1% | -19.9% |
| 2017 | 17.7% | +3.6% |
| 2018 | 21.6% | +22.0% |
| 2019 | 13.7% | -36.5% |
| 2020 | 16.5% | +20.4% |
| 2021 | 16.2% | -2.1% |
| 2022 | 8.2% | -49.1% |
| 2023 | 10.9% | +32.1% |
| 2024 | 13.6% | +24.5% |
| 2025 | 15.1% | +11.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.9% | 4.6% | 5.4% | 6 |
| 1990s | 7.2% | 3.8% | 9.5% | 10 |
| 2000s | 18.4% | 9.9% | 26.1% | 10 |
| 2010s | 17.5% | 13.7% | 21.6% | 10 |
| 2020s | 13.4% | 8.2% | 16.5% | 6 |
Countries ranked near Belize
More private sector data for Belize
- Merchandise trade 56.4% (2025)
- Food imports 19.3% (2025)
- Manufactures imports 64.2% (2025)
- Merchandise imports 1.43 billion current US$ (2025)
- Food exports 95.3% (2025)
- Manufactures exports 3.2% (2025)
- Merchandise exports 444.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,050 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1335 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.88 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Belize?
- Insurance and financial services in Belize was 15.1% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Belize?
- The highest recorded value was 26.1% in 2007.
- What is the lowest insurance and financial services recorded in Belize?
- The lowest recorded value was 3.8% in 1993.
- How does Belize rank for insurance and financial services?
- Belize ranks 19th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Belize?
- Over the last ten years it is down 29.0%. The long-run trend across the full record is rising.
- Where does this Belize data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.