Belize Government Revenue
General government revenue as % of GDP GGR_NGDP
Belize's government revenue was 26.25% in 2025, ranked 99th globally. This represents a 4.8% increase from 2024. Data from IMF WEO, covering 1996–2025.
Overview
Belize's government revenue stood at 26.25% in 2025, a rise of +1.19% from 2024. The IMF projects 26.25% by 2025. Belize ranked 99th globally.
Belize’s government revenue as a share of GDP has risen steadily over the 30‑year series, moving from 18.14 % in 1996 to a record 26.25 % in 2025, the highest level observed since the series began. The low point of 16.15 % occurred in 2003, after which fiscal capacity expanded through higher tax collections and improved administration, pushing the ratio above 20 % by the mid‑2010s. The 2025 figure places Belize at rank 99 globally and just below peers such as Jordan at 26.20 % and slightly above Cabo Verde’s 26.49 % share, reflecting a comparable fiscal position among small open economies. The upward trajectory is anchored in diversified revenue sources, including tourism‑related taxes and modest increases in indirect taxes, while public‑sector reforms have limited wasteful spending. Continued growth in the tourism sector and further broadening of the tax base could sustain the upward trend, whereas external shocks to commodity prices or a slowdown in visitor arrivals would likely temper the pace of revenue expansion.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 25.70% | - | - |
| 2029* IMF | 25.70% | - | - |
| 2028* IMF | 25.70% | - | - |
| 2027* IMF | 25.95% | - | - |
| 2026* IMF | 26.62% | - | - |
| 2025* IMF | 26.25% | - | - |
| 2025 | 26.25% | +1.19% | #99 |
| 2024 | 25.06% | +1.69% | #111 |
| 2023 | 23.37% | +0.99% | #115 |
| 2022 | 22.38% | −0.06% | #121 |
| 2021 | 22.44% | −2.15% | #121 |
| 2020 | 24.59% | −0.04% | #106 |
| 2019 | 24.63% | −0.93% | #109 |
| 2018 | 25.56% | +1.38% | #103 |
| 2017 | 24.19% | +1.00% | #109 |
| 2016 | 23.19% | +0.38% | #115 |
| 2015 | 22.81% | −0.29% | #119 |
| 2014 | 23.09% | +0.49% | #124 |
| 2013 | 22.60% | +0.77% | #124 |
| 2012 | 21.83% | −0.58% | #131 |
| 2011 | 22.42% | +1.02% | #125 |
Detected Pattern
Analysis
Belize matched the Export Boom Cycle pattern in 1990. Historically, 71% of countries showing this pattern (546 out of 768) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Belize's government revenue was 26.25% in 2025. Ranked 99th globally. This represents a 4.8% increase from the previous year.
Belize's government revenue peaked at 26.25% in 2025.
The lowest government revenue in Belize was 16.15% in 2003.
Belize ranks 99th globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Belize's government revenue is projected to reach 26.25% by 2025 based on IMF projection.
The government revenue of Belize in 2025 was 26.25%. This ranks 99th in the world.
Cite this page
@misc{historysaid_belize_government-revenue,
title = {Belize Government Revenue},
url = {https://historysaid.com/belize/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}