Gross national income per capita in Belize from 2010 to 2020 (in U.S. dollars)
| Characteristic | Income per capita in U.S. dollars |
|---|---|
| 2020 | 3,970 |
| 2019 | 4,700 |
| 2018 | 4,550 |
| 2017 | 4,420 |
Contents
Is Belize a poor or rich country?
Belize is considered an upper-middle-income country with a GDP per capita of $4,806.50. Despite this, a 2009 study revealed that 41.3 percent of the population of Belize lives at or below the poverty line. The main at-risk group in Belize is the children.
What is the income of Belize?
Economy of Belize
| Country group | Developing/Emerging Lower-middle income economy |
| Statistics | |
|---|---|
| GDP | $1.925 billion (nominal, 2018) $3.367 billion (PPP, 2018) |
| GDP rank | 165th (nominal, 2019) 167th (PPP, 2019) |
| GDP growth | 2.1% (2018) 0.3% (2019e) −13.5% (2020f) 6.7% (2021f) |
What is the minimum salary in Belize?
$3.30 an hour
What is the Belize Minimum Wage? Belize’s Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid. The Belize minimum wage rate is BZ$3.30 an hour ($1.65).
Is Belize a wealthy country?
Although Belize has the third highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor, and a key government objective remains reducing poverty and inequality with the help of international donors.
Is Belize overpopulated?
Belize is currently growing at a rate of 2.5% a year. By 2020, the population of Belize is expected to reach about 390,000 from today’s 347,000. By 2100, the population is projected to be nearly 700,000.
Belize Population Clock.
| Belize Population (as of 11/30/2021) | 407,974 |
|---|---|
| Population Change Since Jan. 1 | 6,680 |
What percentage of Belize is black?
About 52.9% are Mestizo, 25.9% Creole, 11.3% Maya, 6.1.% Garifuna, 3.9% East Indian, 3.6% Mennonites, 1.2% other White, 1% Asian, 1.2% Other and 0.3% Unknown.
Maya.
| Ethnic group | Black African | |
|---|---|---|
| Census 2000 | Number | 582 |
| % | 0.3 | |
| Census 2010 | Number | 1,151 |
| % | 0.4 |
What is a good salary in Belize?
Salary rankings by profession
| Job type | Median salary (USD) | Salary ranking compared to all cities |
|---|---|---|
| C Level Executive | $76,893 | 171/265 |
| Dentist | $69,954 | 113/265 |
| Data Scientist | $60,740 | 98/265 |
| Pharmacist | $59,565 | 97/265 |
What is the average rent in Belize?
Rent may range from around $400 nearly to $2,000 for one-and three-bedroom apartments, according to Numbeo. For food costs, the prices also vary per city. In Belize city, a mid-range meal for two may run around $28, while a mid-range meal for two in Ambergris Caye would likely cost around $60.
Why is Belize so poor?
Belize is a country with one of the highest indices of poverty in the world.In southern Belize, poverty is perpetuated through indigenous and social disadvantages, poor infrastructural development, and a lack of leadership trainings for youth.
Do you pay taxes in Belize?
Income tax is charged at a rate of 25%, and for residents of Belize, the first $14,500 of their annual income is exempt.There’s no graduated scale of taxation like in the U.S. and many other countries. Belize currently has no capital gains tax.
What is cost of living in Belize?
Cost of living in Belize compared to the US
| City | One bed city centre apartment – rent/month | Mid-range, 3 course meal out for 2 |
|---|---|---|
| Belize City, BZ³ | 274.52 USD | 60 USD |
| Ambergris Caye, BZ⁴ | 515.92 USD | 70 USD |
| Corozal, BZ⁵ | 700 USD | 27.32 USD |
| New York, USA⁶ | 3,017.19 USD | 100 USD |
How much does a police officer get paid in Belize?
Police commute to work, purchase food, and travel daily which, on average, will cost them approximately $500 per month (this is estimated at $25 per day for 20 days a month). A police officer’s monthly average salary is approximately $2000 per month. After a 10% cut, a police officer will receive $1800.
What are the biggest problems in Belize?
High deforestation rates, improper solid-waste management, rapid coastal development, increasing poverty, weak institutional and legal frameworks, and the recent discovery of sweet crude oil all pose significant threats to Belize’s ecosystem.
What percent of Belize is in poverty?
Of the nearly 360,000 individuals in Belize, 43 percent live below the national poverty line. Of this percentage, 16 percent face extreme poverty. The nation’s economy provides context for Belize’s poverty.
Who is the richest person in Belize 2021?
Huang Maoru net worth: Huang Maoru is a Chinese businessman who has a net worth of $1.1 billion dollars.
Why is crime so high in Belize?
Tourists and expatriates residing in Belize are more susceptible to incidents of crime due to perceived wealth, particularly when not practicing robust personal security practices and situational awareness.Confrontational crimes, such as armed robbery and theft, have increased in tourist areas and remote areas alike.
Is Belize a third world country?
Under this definition, Belize is undoubtedly a Third World country.Other sources categorize the Third World by gross national income, human development, and press freedom.
Can I drink the water in Belize?
The water in Belize City and San Ignacio is relatively safe to drink, but travelers often get a touch of diarrhea whenever they hit a foreign country, so always play it safe.
What country owns Belize?
Belize was granted independence from Britain in 1964, and became “Belize” in 1973. However, according to the CIA World Factbook, border disputes between the UK and Guatemala delayed Belize’s actual independence until 1981. Today, it is still a Commonwealth country.
What is the crime rate in Belize?
Definitions
| STAT | Belize | United States |
|---|---|---|
| Murder rate | 33 | 5 |
| Police officers | 377.2 Ranked 10th. 55% more than United States | 243.6 Ranked 27th. |
| Rape rate | 6.7 Ranked 27th. | 27.3 Ranked 9th. 4 times more than Belize |
| Robberies | 182.4 Ranked 9th. 25% more than United States | 146.4 Ranked 10th. |
