Belize: Tax revenue
* indicates monthly or quarterly data series
| Belize |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 21.34 |
| Year | 2017 |
| Measure | percent |
| Data availability | 1990 - 2017 |
| Average | 16.43 |
| Min - Max | 12.79 - 21.34 |
| Source | The World Bank |
The latest value from 2017 is 21.34 percent, an increase from 20.63 percent in 2016. In comparison, the world average is 16.27 percent, based on data from 142 countries. Historically, the average for Belize from 1990 to 2017 is 16.43 percent. The minimum value, 12.79 percent, was reached in 1999 while the maximum of 21.34 percent was recorded in 2017.
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Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 16.12 | 2023 | percent |
| Government spending, in dollars | 0.53 | 2023 | 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 | 20.38 | 2022 | million U.S. dollars |