Taxes on incomes of individuals and corporations as share of GDP in Belize
Belize: Taxes on incomes of individuals and corporations as share of GDP was 5.7% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Belize, 1990–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Belize is 5.7%, measured in 2023.
The figure is up 4.1% on the previous year and down 6.3% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Belize peaked at 6.9% in 2010 and was at its lowest, 2.8%, in 1995.
That places Belize 106th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Belize, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 3.9% | — |
| 1991 | 4.0% | +2.9% |
| 1992 | 4.5% | +12.3% |
| 1993 | 4.1% | -7.4% |
| 1994 | 3.8% | -9.0% |
| 1995 | 2.8% | -24.5% |
| 1996 | 3.1% | +10.0% |
| 1997 | 3.3% | +5.3% |
| 1998 | 3.6% | +9.0% |
| 1999 | 3.4% | -5.5% |
| 2000 | 3.5% | +3.8% |
| 2001 | 3.4% | -3.3% |
| 2002 | 3.3% | -3.4% |
| 2003 | 3.5% | +6.7% |
| 2004 | 3.7% | +4.7% |
| 2005 | 4.5% | +23.3% |
| 2006 | 4.4% | -3.9% |
| 2007 | 5.3% | +21.5% |
| 2008 | 5.7% | +7.1% |
| 2009 | 6.3% | +11.7% |
| 2010 | 6.9% | +8.8% |
| 2011 | 6.5% | -5.2% |
| 2012 | 6.1% | -6.3% |
| 2013 | 6.1% | -0.5% |
| 2014 | 6.4% | +5.6% |
| 2015 | 5.8% | -9.6% |
| 2016 | 5.8% | +0.3% |
| 2017 | 6.0% | +2.1% |
| 2018 | 6.3% | +5.3% |
| 2019 | 6.1% | -2.3% |
| 2020 | 5.8% | -4.9% |
| 2021 | 4.6% | -20.5% |
| 2022 | 5.5% | +18.4% |
| 2023 | 5.7% | +4.1% |
Belize compared with similar countries
- Belize's 5.7% is below the median for upper middle income countries, which is 5.7%, 100% of the median. (54 countries reporting)
- Belize's 5.7% is below the median for Latin America & Caribbean, which is 5.8%, 98% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.7% | 2.8% | 4.5% | 10 |
| 2000s | 4.4% | 3.3% | 6.3% | 10 |
| 2010s | 6.2% | 5.8% | 6.9% | 10 |
| 2020s | 5.4% | 4.6% | 5.8% | 4 |
Countries ranked near Belize
- 103 Burkina Faso 5.8% compare
- 104 Philippines 5.8% compare
- 105 Argentina 5.7% compare
- 107 Tuvalu 5.7% compare
- 108 Türkiye 5.6% compare
- 109 Republic of Moldova 5.5% compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.40 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0004 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 3.3 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240,004 BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 0.5675 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 12.32 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Belize?
- Taxes on incomes of individuals and corporations as share of gdp in Belize was 5.7% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Belize?
- The highest recorded value was 6.9% in 2010.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Belize?
- The lowest recorded value was 2.8% in 1995.
- How does Belize rank for taxes on incomes of individuals and corporations as share of gdp?
- Belize ranks 106th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Belize?
- Over the last ten years it is down 6.3%. 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.