Key Market Indicators
Belizean vehicle registration is projected to increase to approximately 635 units by 2028, up from 596 units in 2023. This represents an average annual growth rate of 1.1%. Since 2010, Belize's vehicle market has consistently expanded at an average rate of 2.5% per year. As of 2023, Belize is ranked 126th globally in vehicle registrations. In the same year, the Democratic Republic of the Congo also recorded 596 units, placing it just ahead of Belize. In the global rankings, Canada, China, and Austria occupied the second, third, and fourth positions, respectively.
