Labor share of gross domestic product (GDP) in Belize

Belize: Labor share of gross domestic product (GDP) was 50.4% in 2020. β–¬ Flat

Latest (2020)
50.4%
Change on year
up 5.0%
World rank
75th
of 186 countries
All-time high
50.4%
in 2020
All-time low
46.7%
in 2014
Years of data
17
2004–2020

Labor share of gross domestic product (GDP) in Belize, 2004–2020

02040602004201220202004: 46.9 %2005: 47.5 %2006: 46.9 %2007: 47.7 %2008: 47.3 %2009: 47.9 %2010: 47.2 %2011: 47.6 %2012: 47.4 %2013: 47.8 %2014: 46.7 %2015: 47 %2016: 47.5 %2017: 46.8 %2018: 46.7 %2019: 48 %2020: 50.4 %

Source: International Labour Organisation (2023) – processed by Our World in Data. Measured in %.

Analysis

Belize recorded 50.4% for labor share of gross domestic product (gdp) in 2020. That is the highest value across all 17 years on record.

Compared with earlier readings it is up 5.0% on the previous year and up 6.8% over ten years.

Over the whole period, labor share of gross domestic product (gdp) in Belize peaked at 50.4% in 2020 and was at its lowest, 46.7%, in 2014.

That places Belize 75th out of 186 countries with data for 2020, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 47.4% 46.9% 47.9% 6
2010s 47.3% 46.7% 48.0% 10
2020s 50.4% 50.4% 50.4% 1

Countries ranked near Belize

  1. 72 Belarus 51.1% compare
  2. 73 Tunisia 50.8% compare
  3. 74 China 50.7% compare
  4. 75 Suriname 50.4% compare
  5. 78 Guyana 49.9% compare

See the full ranking of 186 places β†’

More work & labour data for Belize

All data for Belize β†’

Frequently asked questions

What is labor share of gross domestic product (gdp) in Belize?
Labor share of gross domestic product (gdp) in Belize was 50.4% in 2020, according to International Labour Organisation (2023) – processed by Our World in Data.
What is the highest labor share of gross domestic product (gdp) recorded in Belize?
The highest recorded value was 50.4% in 2020.
What is the lowest labor share of gross domestic product (gdp) recorded in Belize?
The lowest recorded value was 46.7% in 2014.
How does Belize rank for labor share of gross domestic product (gdp)?
Belize ranks 75th out of 186 countries with data for 2020.
Is labor share of gross domestic product (gdp) rising or falling in Belize?
Over the last ten years it is up 6.8%. The long-run trend across the full record is flat.
Where does this Belize data come from?
The figures come from International Labour Organisation (2023) – processed by Our World in Data, published as part of Labor share of gross domestic product (GDP). Statizoid updates them automatically from the source API.

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About this data

Indicator
Labor share of gross domestic product (GDP)
Unit
%
Source
International Labour Organisation (2023) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 3,162 data points, 2004–2020
Last refreshed

The labor share of gross domestic product (GDP) is the estimated total compensation of employees given as a percent of GDP. It provides information about the relative share of output paid as compensation to employees, compared to the share paid to capital.