Key Market Indicators
Belizean vehicle registration is projected to hit approximately 635 units by 2028, marking a growth from around 596 units in 2023. This represents an average annual growth rate of 1.1%. Since 2010, Belize's vehicle market has seen an average annual increase of 2.5%. In the 2023 rankings, Belize secured the 126th position. Just ahead of Belize, the Democratic Republic of the Congo registered the same number of units, 596. Leading the global rankings, Canada, China, and Austria took the second, third, and fourth spots respectively.
