Taxes on goods and services (% value added of industry and services) in Belize
Belize: Taxes on goods and services (% value added of industry and services) was 15.3% 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 % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Belize is 15.3%, measured in 2017. That is the highest value across all 28 years on record.
The figure is up 8.6% on the previous year and up 78.1% over ten years.
Over the whole period, taxes on goods and services in Belize peaked at 15.3% in 2017 and was at its lowest, 1.9%, in 1992.
That places Belize 25th out of 154 countries with data for 2017, putting it in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Taxes on goods and services (% value added of industry and services) in Belize, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1990 | 2.5% | — |
| 1991 | 2.2% | -11.4% |
| 1992 | 1.9% | -13.8% |
| 1993 | 2.4% | +29.4% |
| 1994 | 3.0% | +22.3% |
| 1995 | 3.3% | +10.8% |
| 1996 | 7.9% | +141.5% |
| 1997 | 7.2% | -8.8% |
| 1998 | 6.7% | -6.6% |
| 1999 | 5.2% | -23.3% |
| 2000 | 5.6% | +8.2% |
| 2001 | 5.8% | +2.7% |
| 2002 | 5.7% | -0.7% |
| 2003 | 5.8% | +1.9% |
| 2004 | 6.4% | +9.5% |
| 2005 | 7.7% | +21.6% |
| 2006 | 8.6% | +10.8% |
| 2007 | 8.6% | +0.4% |
| 2008 | 8.4% | -2.0% |
| 2009 | 7.9% | -6.0% |
| 2010 | 9.0% | +13.3% |
| 2011 | 7.9% | -12.4% |
| 2012 | 9.3% | +17.8% |
| 2013 | 9.6% | +3.5% |
| 2014 | 10.4% | +8.2% |
| 2015 | 10.5% | +1.3% |
| 2016 | 14.1% | +34.2% |
| 2017 | 15.3% | +8.6% |
Belize compared with similar countries
- Belize's 15.3% is above the median for upper middle income countries, which is 9.8%, 1.6× the median. (48 countries reporting)
- Belize's 15.3% is above the median for Latin America & Caribbean, which is 9.1%, 1.7× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (% value added of industry and services) 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 |
|---|---|---|---|
| 1996 | +141.5% | 3.3% | 7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.2% | 1.9% | 7.9% | 10 |
| 2000s | 7.1% | 5.6% | 8.6% | 10 |
| 2010s | 10.8% | 7.9% | 15.3% | 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 taxes on goods and services in Belize?
- Taxes on goods and services in Belize was 15.3% 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 15.3% in 2017.
- What is the lowest taxes on goods and services recorded in Belize?
- The lowest recorded value was 1.9% in 1992.
- How does Belize rank for taxes on goods and services?
- Belize ranks 25th out of 154 countries with data for 2017.
- Is taxes on goods and services rising or falling in Belize?
- Over the last ten years it is up 78.1%. 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 Taxes on goods and services (% value added of industry and services). 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
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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.