Tax revenue in Belize
Belize: Tax revenue 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 43rd 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 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% |
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
- 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)
- Military expenditure (current USD), per capita 72.26 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0094 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -1.4 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 30.14 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 43.84 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 1,340 current USD per square kilometre (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 43rd 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.
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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.