Belize: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP

 Latest value -1.90
 Year 2021
 Measure percent
 Data availability 1993 - 2021
 Average -3.74
 Min - Max -11.30 - 1.50
 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 -3.74 percent with a minimum of -11.3 percent in 2020 and a maximum of 1.5 percent in 2008. The latest value from 2021 is -1.9 percent. For comparison, the world average in 2021 based on 172 countries is -4.00 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Belize - Fiscal balance, percent of GDP - historical chart - 1993-2021

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 15.89 2022 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 77.26 2021 million U.S. dollars
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