Belize: Government debt

* indicates monthly or quarterly data series
 Belize

Government debt as percent of GDP

 Latest value 74.5
 Year 2021
 Measure percent
 Data availability 1993 - 2021
 Average 63.51
 Min - Max 31.4 - 91.6
 Source Central Bank of Belize
For that indicator, we provide data for Belize from 1993 to 2021. The average value for Belize during that period was 63.51 percent with a minimum of 31.4 percent in 1995 and a maximum of 91.6 percent in 2020. The latest value from 2021 is 74.5 percent. For comparison, the world average in 2021 based on 172 countries is 64.23 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Belize - Government debt - recent values

Historical chart
Belize - Government debt - historical chart - 1993-2021




The government debt in Belize and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 15.89 2022 percent
 Government spending, in dollars 0.45 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -1.90 2021 percent
 Government debt 74.50 2021 percent
 Tax revenue 21.34 2017 percent
 Commercial tax rate 31.10 2019 percent
 Tax preparation time 147 2019 hours
 Number of taxes 29 2019 taxes
 Taxes on goods and services 48.07 2017 percent
 Taxes on international trade 14.23 2017 percent
 Income and profits taxes 24.37 2017 percent
 Foreign aid 77.26 2021 million U.S. dollars
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