Economic Policy & Debt · Belize
Yearly data from 1978 to 2024, from the World Bank.
Belize's taxes less subsidies on products (current LCU) was 963.64 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 86.6% from 516.43 million in 2014 (6.44% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | 963.64 million | 2024 |
| Five years earlier | 729.8 million | 2019 |
| Ten years earlier | 516.43 million | 2014 |
| Highest | 963.64 million | 2024 |
| Lowest | 20.7 million | 1978 |
| Average since 2015 | 739.26 million | 2015–2024 |
| First recorded | 20.7 million | 1978 |
Over five years it is up 32.04% from 729.8 million in 2019 (5.72% a year on average, compounded). Since 1978 it is up 4,555% from 20.7 million in 1978 (8.71% a year on average, compounded).
In 2024, Belize's taxes less subsidies on products (current LCU) rose 3% on 2023 (from 935.4 million to 963.64 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +6.7% and a typical year strayed about 8.7% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 52.8% in 1980 and the biggest yearly fall was 21.6% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 35.57 million a year. A straight line explains 63% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
In 2024, Belize had the 22nd highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
| Year | Taxes less subsidies on products (current LCU) |
|---|---|
| 2024 | 963,635,600 |
| 2023 | 935,396,100 |
| 2022 | 863,041,800 |
| 2021 | 683,453,700 |
| 2020 | 572,526,900 |
| 2019 | 729,799,900 |
| 2018 | 702,772,300 |
| 2017 | 670,468,600 |
| 2016 | 671,990,800 |
| 2015 | 599,532,800 |
| 2014 | 516,425,400 |
| 2013 | 486,161,000 |
| 2012 | 449,087,700 |
| 2011 | 415,595,900 |
| 2010 | 399,714,300 |
| 2009 | 352,738,700 |
| 2008 | 384,918,800 |
| 2007 | 377,180,600 |
| 2006 | 350,049,200 |
| 2005 | 314,438,300 |
| 2004 | 297,787,600 |
| 2003 | 280,683,000 |
| 2002 | 271,697,600 |
| 2001 | 244,134,200 |
| 2000 | 214,936,300 |
| 1999 | 193,348,000 |
| 1998 | 208,551,500 |
| 1997 | 190,747,500 |
| 1996 | 182,766,800 |
| 1995 | 168,512,300 |
| 1994 | 162,129,700 |
| 1993 | 148,860,300 |
| 1992 | 135,864,800 |
| 1991 | 121,496,600 |
| 1990 | 111,154,743 |
| 1989 | 93,800,000 |
| 1988 | 81,900,000 |
| 1987 | 61,400,000 |
| 1986 | 52,400,000 |
| 1985 | 43,400,000 |
| 1984 | 41,900,000 |
| 1983 | 36,900,000 |
| 1982 | 36,600,000 |
| 1981 | 37,900,000 |
| 1980 | 40,800,000 |
| 1979 | 26,700,000 |
| 1978 | 20,700,000 |
Every indicator for Belize is on the Belize data page.
World Bank, World Development Indicators, indicator NY.TAX.NIND.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in