Belize Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
Belize's tax revenue was 21.35% in 2017, ranked 108th globally. This represents a 3.4% increase from 2016. Data from World Bank, covering 1990–2017.
Overview
Belize's tax revenue stood at 21.35% in 2017, a rise of +0.70% from 2016. Belize ranked 108th globally.
Belize’s tax revenue as a share of gross domestic product has risen steadily over the 28‑year series, moving from 16.17 in 1990 to an all‑time peak of 21.35 in 2017, the highest level recorded in the series and the figure that placed the country 108th globally in that year. The low point occurred in 1999 when revenue fell to 12.75, reflecting a contraction in fiscal capacity during that period. Since the trough, the upward trajectory has been persistent, with the 2017 level surpassing the contemporaneous shares of peers such as Finland (20.88) and Estonia (20.87) and approaching Croatia’s 22.02. The consistency of growth suggests improving tax administration and a broader fiscal base, although future shifts in commodity prices, external debt service, or reforms to the tax code could alter the path. Continued diversification of revenue sources will be crucial to sustaining the upward trend.
Data & projection
| Year | Tax Revenue | YoY change | Rank |
|---|---|---|---|
| 2017 | 21.35% | +0.70% | #108 |
| 2016 | 20.64% | +0.94% | #102 |
| 2015 | 19.71% | −0.16% | #102 |
| 2014 | 19.86% | +1.39% | #100 |
| 2013 | 18.47% | +0.11% | #87 |
| 2012 | 18.36% | +0.04% | #88 |
| 2011 | 18.32% | −0.53% | #87 |
| 2010 | 18.85% | +1.04% | #87 |
| 2009 | 17.81% | +0.72% | #74 |
| 2008 | 17.08% | −0.26% | #58 |
| 2007 | 17.34% | +0.66% | #52 |
| 2006 | 16.68% | +0.57% | #49 |
| 2005 | 16.10% | +1.25% | #46 |
| 2004 | 14.86% | +0.34% | #44 |
| 2003 | 14.52% | +0.05% | #43 |
Detected Pattern
Analysis
Belize matched the Export Boom Cycle pattern in 1990. Historically, 71% of countries showing this pattern (546 out of 768) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Belize's tax revenue was 21.35% in 2017. Ranked 108th globally. This represents a 3.4% increase from the previous year.
Belize's tax revenue peaked at 21.35% in 2017.
The lowest tax revenue in Belize was 12.75% in 1999.
Belize ranks 108th globally in tax revenue as of 2017.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
The tax revenue of Belize in 2017 was 21.35%. This ranks 108th in the world.
Cite this page
@misc{historysaid_belize_tax-revenue,
title = {Belize Tax Revenue},
url = {https://historysaid.com/belize/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}