Taxes on international trade in Belize
Belize: Taxes on international trade was 14.2% in 2017. ▼ Falling
Taxes on international trade in Belize, 1990–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2017, taxes on international trade in Belize stood at 14.2%. That is the lowest value across all 28 years on record.
Compared with earlier readings it is down 10.5% on the previous year and down 38.4% over ten years.
Over the whole period, taxes on international trade in Belize peaked at 52.6% in 1995 and was at its lowest, 14.2%, in 2017.
Belize ranks 23rd of 154 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes on international trade in Belize, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 48.8% | — |
| 1991 | 49.8% | +2.0% |
| 1992 | 46.6% | -6.4% |
| 1993 | 48.8% | +4.7% |
| 1994 | 48.8% | +0.0% |
| 1995 | 52.6% | +7.8% |
| 1996 | 29.2% | -44.5% |
| 1997 | 32.0% | +9.8% |
| 1998 | 30.8% | -3.8% |
| 1999 | 30.3% | -1.7% |
| 2000 | 32.1% | +5.9% |
| 2001 | 36.4% | +13.4% |
| 2002 | 39.6% | +9.0% |
| 2003 | 36.7% | -7.4% |
| 2004 | 36.3% | -1.2% |
| 2005 | 28.6% | -21.1% |
| 2006 | 27.5% | -3.8% |
| 2007 | 23.1% | -16.0% |
| 2008 | 20.5% | -11.3% |
| 2009 | 23.4% | +14.1% |
| 2010 | 20.9% | -10.8% |
| 2011 | 23.7% | +13.6% |
| 2012 | 23.4% | -1.2% |
| 2013 | 20.6% | -12.0% |
| 2014 | 22.6% | +9.5% |
| 2015 | 25.0% | +11.0% |
| 2016 | 15.9% | -36.5% |
| 2017 | 14.2% | -10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 41.8% | 29.2% | 52.6% | 10 |
| 2000s | 30.4% | 20.5% | 39.6% | 10 |
| 2010s | 20.8% | 14.2% | 25.0% | 8 |
Countries ranked near Belize
- 20 Cape Verde 15.0% compare
- 21 Argentina 15.0% compare
- 22 Madagascar 14.6% compare
- 24 Solomon Islands 13.5% compare
- 25 Kazakhstan 13.2% compare
- 26 Fiji 13.0% compare
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 international trade in Belize?
- Taxes on international trade in Belize was 14.2% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Belize?
- The highest recorded value was 52.6% in 1995.
- What is the lowest taxes on international trade recorded in Belize?
- The lowest recorded value was 14.2% in 2017.
- How does Belize rank for taxes on international trade?
- Belize ranks 23rd out of 154 countries with data for 2017.
- Is taxes on international trade rising or falling in Belize?
- Over the last ten years it is down 38.4%. The long-run trend across the full record is falling.
- 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 international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.