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    Belize Facts and Figures

    Facts About Belize

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        Kayaks at Corozal Bay seashore, Belize
        Alamy/Witold Skrypczak

        Facts About Belize

        Belize is located on the Eastern coast of Central America, bordered by the Caribbean Sea, Guatemala, and Mexico. The total land area of Belize is 8,867 square miles (22,700 square kilometers).

        Belize is well-known for its beaches, scuba diving, hiking, eco-lodges, and other outdoor activities.

        With the lowest population density in Central America, Belize offers plenty of space to get out and adventure.

        Living in Belize can be an easy transition for most North American expats, as the official language of Belize is English. Another Belizean fact is that 62% of the population is bilingual or trilingual.

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          Kathleen

          Reviewed By Kathleen Peddicord

          Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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            More Facts About Facts

             
            Information TypeBelize Data
            Population416,656 (August 2024)
            Gross Domestic Product (GDP)US$3.35 billion (2024)
            GDP Per CapitaUS$85,373 (2024)
            Inflation Rate4% (2024)
            CurrencyBelizean Dollar (BZD)
            Exchange Rate Versus U.S. Dollar2 Belizean dollars per 1 U.S. dollar (2024)
            LanguagesEnglish 62.9% (official), Spanish 56.6%, Belize Creole 44.6%, Mayan dialects 10.5%, German 3.2%, Garifuna 2.9%
            CapitalBelmopan
            Time ZoneGMT minus 6
            SeasonsTropical: Hot and humid, rainy season lasts from June to November
            International Dialing Code501
            Electricity110/220 V / 60Hz: Plug Types: B/G
            System of GovernmentParliamentary Democracy and a Commonwealth realm
            Name and Party Affiliation of Current Leader

            John Briceño

            People’s United Party (PUP)

            Income Tax Rate for Residents25%
            Capital Gains TaxNone
            Inheritance TaxNone
            Rental Income Tax12.5% for occupied properties and 2% for unocupied properties.
            Transfer Tax5%, attorney fee 2%
            Sales Tax12.5%
            Restrictions on Foreign
            Ownership of Property            		None
            Local Chamber of Commerce#4792 Coney Drive
            First Floor of With
            field Tower
            Belize City, Belize
            P.O. Box 291
            Belize City, Belize
            Central America
            Tel: +501-223-5330 / 5331
            American Chamber of Commerce in BelizeNo. 1 Mapp Street,
            P.O. Box 75,
            Belize City, Belize
            Phone: +501 224-5352
            Primary ExportsSugar, bananas, citrus, clothing, fish, molasses, wood, crude oil
            Residency and Visa RequirementsTourist Visa: Automatic 30 days upon entry, renewable for up to 6 months.
            Residency: visa extended every 3 months for people living in remote areas away from the Immigration Office, potential investors, and business people
            Citizenship: After 5 years of legal residency
            Special Benefits for Foreign Residents or RetireesQualified Retired Persons Incentive Act includes tax-free import of household goods, including vehicle, boat, or airplane; no Belize income tax. Pension Income is exempt of tax.
            National AirlineTropic Air

            Go here for current exchange rates.

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              Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

              Escape The World In The

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                Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                Portugal is known for Fado music and also for being the largest cork producer in the world.

                Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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