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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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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

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.

Where To Retire At Any Age - And Guarentee Yourself A Richer Liefstyle
Cover for Kathleen Peddicord's book At Home Abroad
Plus, Revealed Inside Your Free Book: 12 Top Places Where You Can Live The Good Life From As Little As $1000 A Month…
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THE SECRET THAT WILL SAVE YOUR FINANCIAL FUTURE
FREE BOOK COWBOY MILLONAIRE THE NEW AMERICAN PIONEER
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Experience The World’s #1 Retirement Haven

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Valencia, Spain

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Start Your New Overseas Life Today

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Belize - FAQs

Submit Your Own Questions

Be The First To Ask About Belize Facts and Figures

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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