Current Account Balance: Belize

Analysis# Belize Current Account Balance Belize's current account balance stands at -1.6% of GDP in 2026, representing a modest deficit in its international trade position. This figure sits far below the country's all-time peak of 4% of GDP in 1986 but well above its catastrophic low of -16.2% in 2001. Since 1980, the metric has registered zero net change, masking significant volatility across five decades of economic activity. A dramatic turnaround emerged in 2023, when the deficit contracted sharply to -0.6% of GDP after years of persistently elevated deficits exceeding 6% annually. This improvement reflects structural adjustments in Belize's external accounts and marks the strongest performance in recent decades. The 2026 projection of -1.6% suggests the deficit may stabilize at moderate levels, though sustained monitoring of trade flows and capital movements will determine whether this trajectory holds.