Belize: Primary budget balance
* indicates monthly or quarterly data series
| Belize |
Primary budget balance, percent of GDP |
|---|---|
| Latest value | 1.29 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1996 - 2024 |
| Average | -0.67 |
| Min - Max | -6.80 - 4.20 |
| Source | The World Bank |
The latest value from 2024 is 1.29 percent, an increase from -0.16 percent in 2023. In comparison, the world average is -1.04 percent, based on data from 179 countries. Historically, the average for Belize from 1996 to 2024 is -0.67 percent. The minimum value, -6.8 percent, was reached in 2020 while the maximum of 4.2 percent was recorded in 2008.
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Definition: The difference between a government's total revenue and its total expenditure, excluding interest payments on its outstanding debt. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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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 |