Taxes on income, profits and capital gains in Belize
Belize: Taxes on income, profits and capital gains was 27.9% 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 total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Belize is 27.9%, measured in 2017.
The figure is down 1.3% on the previous year and down 8.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Belize peaked at 36.4% in 2010 and was at its lowest, 19.5%, in 1995.
That places Belize 117th out of 153 countries with data for 2017, putting it in the bottom quarter.
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 total taxes | Change |
|---|---|---|
| 1990 | 23.3% | — |
| 1991 | 25.0% | +7.2% |
| 1992 | 29.1% | +16.3% |
| 1993 | 27.5% | -5.3% |
| 1994 | 24.5% | -11.1% |
| 1995 | 19.5% | -20.3% |
| 1996 | 20.7% | +6.1% |
| 1997 | 21.7% | +4.7% |
| 1998 | 23.6% | +8.9% |
| 1999 | 25.3% | +7.2% |
| 2000 | 25.7% | +1.6% |
| 2001 | 23.6% | -8.2% |
| 2002 | 21.9% | -7.1% |
| 2003 | 23.5% | +7.0% |
| 2004 | 24.0% | +2.3% |
| 2005 | 27.3% | +13.7% |
| 2006 | 26.1% | -4.5% |
| 2007 | 30.4% | +16.8% |
| 2008 | 33.1% | +8.8% |
| 2009 | 35.5% | +7.2% |
| 2010 | 36.4% | +2.6% |
| 2011 | 35.5% | -2.5% |
| 2012 | 33.1% | -6.7% |
| 2013 | 32.8% | -0.9% |
| 2014 | 32.2% | -1.8% |
| 2015 | 29.6% | -8.3% |
| 2016 | 28.3% | -4.3% |
| 2017 | 27.9% | -1.3% |
Belize compared with similar countries
- Belize's 27.9% is below the median for upper middle income countries, which is 37.1%, 75% of the median. (48 countries reporting)
- Belize's 27.9% is below the median for Latin America & Caribbean, which is 36.0%, 78% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.0% | 19.5% | 29.1% | 10 |
| 2000s | 27.1% | 21.9% | 35.5% | 10 |
| 2010s | 32.0% | 27.9% | 36.4% | 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 27.9% 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 36.4% in 2010.
- What is the lowest taxes on income, profits and capital gains recorded in Belize?
- The lowest recorded value was 19.5% in 1995.
- How does Belize rank for taxes on income, profits and capital gains?
- Belize ranks 117th 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 8.2%. 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 total taxes). Statizoid updates them automatically from the source API.
Download this data
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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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.