Belize: Taxes on goods and services
* indicates monthly or quarterly data series
| Belize |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 48.07 |
| Year | 2017 |
| Measure | percent |
| Data availability | 1990 - 2017 |
| Average | 28.03 |
| Min - Max | 8.09 - 48.07 |
| Source | The World Bank |
The latest value from 2017 is 48.07 percent, an increase from 46.66 percent in 2016. In comparison, the world average is 33.23 percent, based on data from 138 countries. Historically, the average for Belize from 1990 to 2017 is 28.03 percent. The minimum value, 8.09 percent, was reached in 1992 while the maximum of 48.07 percent was recorded in 2017.
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Definition: General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 15.94 | 2024 | percent |
| Government spending, in dollars | 0.51 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.23 | 2024 | percent |
| Primary budget balance | 1.29 | 2024 | percent |
| Tax revenue | 21.35 | 2017 | percent |
| Commercial tax rate | 31.10 | 2019 | percent |
| Tax preparation time | 147 | 2019 | hours |
| 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 | 31.86 | 2023 | million U.S. dollars |
| Government debt | 65.44 | 2024 | percent |
| Short-term government debt | 0.00 | 2018 | percent |