Taxes on income vs. taxes on goods and services in Belize
Belize: Taxes on income vs. taxes on goods and services was 12.4% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services in Belize, 1990–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Belize recorded 12.4% for taxes on income vs. taxes on goods and services in 2023.
That represents a change of up 9.5% on the previous year and up 64.4% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Belize peaked at 12.6% in 2018 and was at its lowest, 1.5%, in 1992.
Belize ranks 34th of 187 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Taxes on income vs. taxes on goods and services in Belize, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 1.9% | — |
| 1991 | 1.7% | -9.6% |
| 1992 | 1.5% | -12.5% |
| 1993 | 2.0% | +30.2% |
| 1994 | 2.4% | +20.2% |
| 1995 | 2.6% | +10.2% |
| 1996 | 6.3% | +140.4% |
| 1997 | 5.8% | -8.0% |
| 1998 | 5.5% | -5.3% |
| 1999 | 4.3% | -21.4% |
| 2000 | 4.7% | +9.0% |
| 2001 | 4.8% | +1.6% |
| 2002 | 4.7% | -0.9% |
| 2003 | 4.7% | -0.0% |
| 2004 | 5.2% | +9.8% |
| 2005 | 6.4% | +22.6% |
| 2006 | 6.9% | +7.5% |
| 2007 | 6.9% | +1.4% |
| 2008 | 6.8% | -1.6% |
| 2009 | 6.5% | -5.5% |
| 2010 | 7.2% | +11.8% |
| 2011 | 6.3% | -12.3% |
| 2012 | 7.3% | +15.3% |
| 2013 | 7.5% | +3.3% |
| 2014 | 8.1% | +7.8% |
| 2015 | 8.1% | -0.7% |
| 2016 | 10.9% | +35.2% |
| 2017 | 11.8% | +7.7% |
| 2018 | 12.6% | +7.0% |
| 2019 | 12.3% | -2.6% |
| 2020 | 10.9% | -10.9% |
| 2021 | 12.1% | +10.5% |
| 2022 | 11.3% | -6.1% |
| 2023 | 12.4% | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.4% | 1.5% | 6.3% | 10 |
| 2000s | 5.8% | 4.7% | 6.9% | 10 |
| 2010s | 9.2% | 6.3% | 12.6% | 10 |
| 2020s | 11.7% | 10.9% | 12.4% | 4 |
Countries ranked near Belize
More economy & growth data for Belize
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.27 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.54 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 5.51 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 1.1 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 8,484 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 5.97 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4652 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 3,573 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 8.2 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2113 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes on income vs. taxes on goods and services in Belize?
- Taxes on income vs. taxes on goods and services in Belize was 12.4% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Belize?
- The highest recorded value was 12.6% in 2018.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Belize?
- The lowest recorded value was 1.5% in 1992.
- How does Belize rank for taxes on income vs. taxes on goods and services?
- Belize ranks 34th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Belize?
- Over the last ten years it is up 64.4%. The long-run trend across the full record is rising.
- Where does this Belize data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.