Taxes on goods and services in Belize
Belize: Taxes on goods and services was 48.1% in 2017. ▲ Rising
Taxes on goods and services in Belize, 1990–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Belize recorded 48.1% for taxes on goods and services in 2017. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 49.0% over ten years.
Over the whole period, taxes on goods and services in Belize peaked at 48.1% in 2017 and was at its lowest, 8.1%, in 1992.
Belize ranks 10th of 156 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Taxes on goods and services in Belize, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 9.2% | — |
| 1991 | 8.9% | -3.6% |
| 1992 | 8.1% | -8.7% |
| 1993 | 11.4% | +40.7% |
| 1994 | 13.3% | +17.1% |
| 1995 | 16.0% | +20.0% |
| 1996 | 36.0% | +125.1% |
| 1997 | 33.1% | -8.2% |
| 1998 | 30.5% | -7.7% |
| 1999 | 23.4% | -23.5% |
| 2000 | 28.1% | +20.3% |
| 2001 | 28.4% | +1.0% |
| 2002 | 27.3% | -3.8% |
| 2003 | 26.8% | -1.8% |
| 2004 | 30.0% | +11.9% |
| 2005 | 33.0% | +9.9% |
| 2006 | 35.0% | +6.1% |
| 2007 | 32.3% | -7.7% |
| 2008 | 31.5% | -2.5% |
| 2009 | 30.7% | -2.4% |
| 2010 | 32.4% | +5.6% |
| 2011 | 27.8% | -14.1% |
| 2012 | 34.4% | +23.6% |
| 2013 | 32.4% | -5.8% |
| 2014 | 34.7% | +7.2% |
| 2015 | 35.7% | +2.7% |
| 2016 | 46.7% | +30.8% |
| 2017 | 48.1% | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.0% | 8.1% | 36.0% | 10 |
| 2000s | 30.3% | 26.8% | 35.0% | 10 |
| 2010s | 36.5% | 27.8% | 48.1% | 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 taxes on goods and services in Belize?
- Taxes on goods and services in Belize was 48.1% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Belize?
- The highest recorded value was 48.1% in 2017.
- What is the lowest taxes on goods and services recorded in Belize?
- The lowest recorded value was 8.1% in 1992.
- How does Belize rank for taxes on goods and services?
- Belize ranks 10th out of 156 countries with data for 2017.
- Is taxes on goods and services rising or falling in Belize?
- Over the last ten years it is up 49.0%. 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.