Goods and services expense (% of expense) in Belize
Belize: Goods and services expense (% of expense) was 21.2% in 2017. ▼ Falling
Goods and services expense in Belize, 1990–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2017, goods and services expense in Belize stood at 21.2%.
Compared with earlier readings it is down 6.2% on the previous year and down 3.2% over ten years.
Over the whole period, goods and services expense in Belize peaked at 29.4% in 1992 and was at its lowest, 14.6%, in 2004.
That places Belize 41st out of 154 countries with data for 2017, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Goods and services expense (% of expense) in Belize, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 19.3% | — |
| 1991 | 19.7% | +2.1% |
| 1992 | 29.4% | +49.2% |
| 1993 | 29.2% | -0.6% |
| 1994 | 27.4% | -6.2% |
| 1995 | 25.0% | -8.9% |
| 1996 | 26.6% | +6.6% |
| 1997 | 20.4% | -23.1% |
| 1998 | 20.0% | -2.2% |
| 1999 | 21.4% | +7.1% |
| 2000 | 20.4% | -4.6% |
| 2001 | 19.8% | -3.2% |
| 2002 | 18.0% | -9.0% |
| 2003 | 17.3% | -3.7% |
| 2004 | 14.6% | -15.7% |
| 2005 | 17.3% | +18.7% |
| 2006 | 22.3% | +29.0% |
| 2007 | 21.9% | -1.9% |
| 2008 | 23.5% | +7.1% |
| 2009 | 23.6% | +0.7% |
| 2010 | 23.9% | +1.2% |
| 2011 | 23.9% | -0.1% |
| 2012 | 25.1% | +4.9% |
| 2013 | 24.8% | -1.0% |
| 2014 | 22.6% | -9.1% |
| 2015 | 21.8% | -3.3% |
| 2016 | 22.6% | +3.7% |
| 2017 | 21.2% | -6.2% |
Belize compared with similar countries
- Belize's 21.2% is above the median for upper middle income countries, which is 15.2%, 1.4× the median. (46 countries reporting)
- Belize's 21.2% is above the median for Latin America & Caribbean, which is 15.3%, 1.4× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (% of expense) in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +49.2% | 19.7% | 29.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.8% | 19.3% | 29.4% | 10 |
| 2000s | 19.9% | 14.6% | 23.6% | 10 |
| 2010s | 23.2% | 21.2% | 25.1% | 8 |
Countries ranked near Belize
More public sector data for Belize
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 1.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 2.43 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 1.00 million SIPRI trend indicator values (2023)
Frequently asked questions
- What is goods and services expense in Belize?
- Goods and services expense in Belize was 21.2% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Belize?
- The highest recorded value was 29.4% in 1992.
- What is the lowest goods and services expense recorded in Belize?
- The lowest recorded value was 14.6% in 2004.
- How does Belize rank for goods and services expense?
- Belize ranks 41st out of 154 countries with data for 2017.
- Is goods and services expense rising or falling in Belize?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is falling.
- Where does this Belize data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
Download this data
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.