Tax revenue (% of GDP) in Belize
Belize: Tax revenue (% of GDP) was 21.3% in 2017. ▲ Rising
Tax revenue in Belize, 1990–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2017, tax revenue in Belize stood at 21.3%. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 3.4% on the previous year and up 23.1% over ten years.
Over the whole period, tax revenue in Belize peaked at 21.3% in 2017 and was at its lowest, 12.8%, in 1999.
That places Belize 44th out of 157 countries with data for 2017, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Tax revenue (% of GDP) in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 16.2% | — |
| 1991 | 15.4% | -4.5% |
| 1992 | 14.8% | -3.8% |
| 1993 | 14.5% | -2.2% |
| 1994 | 15.0% | +3.2% |
| 1995 | 14.2% | -5.2% |
| 1996 | 14.7% | +3.7% |
| 1997 | 14.7% | -0.0% |
| 1998 | 14.6% | -0.8% |
| 1999 | 12.8% | -12.7% |
| 2000 | 13.0% | +2.2% |
| 2001 | 13.9% | +6.7% |
| 2002 | 14.5% | +4.0% |
| 2003 | 14.5% | +0.3% |
| 2004 | 14.9% | +2.3% |
| 2005 | 16.1% | +8.4% |
| 2006 | 16.7% | +3.6% |
| 2007 | 17.3% | +4.0% |
| 2008 | 17.1% | -1.5% |
| 2009 | 17.8% | +4.2% |
| 2010 | 18.8% | +5.9% |
| 2011 | 18.3% | -2.8% |
| 2012 | 18.4% | +0.2% |
| 2013 | 18.5% | +0.6% |
| 2014 | 19.9% | +7.5% |
| 2015 | 19.7% | -0.8% |
| 2016 | 20.6% | +4.8% |
| 2017 | 21.3% | +3.4% |
Belize compared with similar countries
- Belize's 21.3% is above the median for upper middle income countries, which is 17.0%, 1.3× the median. (48 countries reporting)
- Belize's 21.3% is above the median for Latin America & Caribbean, which is 15.9%, 1.3× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.7% | 12.8% | 16.2% | 10 |
| 2000s | 15.6% | 13.0% | 17.8% | 10 |
| 2010s | 19.4% | 18.3% | 21.3% | 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 tax revenue in Belize?
- Tax revenue in Belize was 21.3% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Belize?
- The highest recorded value was 21.3% in 2017.
- What is the lowest tax revenue recorded in Belize?
- The lowest recorded value was 12.8% in 1999.
- How does Belize rank for tax revenue?
- Belize ranks 44th out of 157 countries with data for 2017.
- Is tax revenue rising or falling in Belize?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is rising.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.