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Belize Facts and Figures

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Facts About Belize

Kayaks at Corozal Bay seashore

Corozal, 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 Belizecan be an easy transition for most North American expats, as the official language of Belize is English. 62% of Belizeans are bilingual or trilingual.

Information TypeBelize Data
Population397,628 (June 2020)
Gross Domestic Product (GDP)US$1.94 billion (2020)
GDP Per CapitaUS$4,500 (2020)
Inflation Rate0.6% (2019)
CurrencyBelizean Dollar (BZD)
Exchange Rate Versus U.S. Dollar2 Belizean dollars per 1 U.S. dollar (2020)
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 LeaderDean Barrow United Democratic Party
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 Commercewww.belize.org/bcci/
#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 Commercewww.amchambelize.org
No. 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

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