Taxes on income, profits and capital gains in Belize
Belize: Taxes on income, profits and capital gains was 24.4% in 2017. ▲ Rising
Taxes on income, profits and capital gains in Belize, 1990–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Belize is 24.4%, measured in 2017.
Compared with earlier readings it is down 2.3% on the previous year and down 1.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Belize peaked at 31.0% in 2010 and was at its lowest, 17.4%, in 1995.
That places Belize 74th out of 153 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.
Taxes on income, profits and capital gains in Belize, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 18.5% | — |
| 1991 | 20.3% | +9.7% |
| 1992 | 23.8% | +17.2% |
| 1993 | 23.8% | +0.1% |
| 1994 | 21.1% | -11.3% |
| 1995 | 17.4% | -17.8% |
| 1996 | 17.9% | +3.0% |
| 1997 | 18.8% | +5.0% |
| 1998 | 20.0% | +6.2% |
| 1999 | 18.4% | -8.0% |
| 2000 | 21.0% | +14.5% |
| 2001 | 20.2% | -3.9% |
| 2002 | 19.0% | -6.2% |
| 2003 | 19.9% | +4.9% |
| 2004 | 21.2% | +6.7% |
| 2005 | 23.5% | +10.6% |
| 2006 | 22.3% | -5.1% |
| 2007 | 24.6% | +10.6% |
| 2008 | 26.1% | +6.1% |
| 2009 | 30.2% | +15.4% |
| 2010 | 31.0% | +2.8% |
| 2011 | 28.8% | -7.1% |
| 2012 | 28.9% | +0.4% |
| 2013 | 26.2% | -9.4% |
| 2014 | 27.5% | +5.0% |
| 2015 | 25.7% | -6.5% |
| 2016 | 25.0% | -3.0% |
| 2017 | 24.4% | -2.3% |
Belize compared with similar countries
- Belize's 24.4% is above the median for upper middle income countries, which is 22.7%, 1.1× the median. (48 countries reporting)
- Belize's 24.4% is below the median for Latin America & Caribbean, which is 25.4%, 96% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.0% | 17.4% | 23.8% | 10 |
| 2000s | 22.8% | 19.0% | 30.2% | 10 |
| 2010s | 27.2% | 24.4% | 31.0% | 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 income, profits and capital gains in Belize?
- Taxes on income, profits and capital gains in Belize was 24.4% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Belize?
- The highest recorded value was 31.0% in 2010.
- What is the lowest taxes on income, profits and capital gains recorded in Belize?
- The lowest recorded value was 17.4% in 1995.
- How does Belize rank for taxes on income, profits and capital gains?
- Belize ranks 74th out of 153 countries with data for 2017.
- Is taxes on income, profits and capital gains rising or falling in Belize?
- Over the last ten years it is down 1.0%. 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 income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.