Belize's taxes less subsidies on products (current US$) was US$481.82 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 86.6% from US$258.21 million in 2014 (6.44% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$481.82 million | 2024 |
| Five years earlier | US$364.9 million | 2019 |
| Ten years earlier | US$258.21 million | 2014 |
| Highest | US$481.82 million | 2024 |
| Lowest | US$10.35 million | 1978 |
| Average since 2015 | US$369.63 million | 2015–2024 |
| First recorded | US$10.35 million |
What the numbers say
In 2024, Belize's taxes less subsidies on products (current US$) rose 3% on 2023 (from US$467.7 million to US$481.82 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 US$17.78 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.
How it compares
In 2024, Belize had the 17th highest value of the 30 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.
Closest to Belize in the 2024 ranking
- Afghanistan — 13th of 30: US$1.07 billion
- Togo — 14th of 30: US$967.2 million
- Curaçao — 15th of 30: US$542.68 million
- Faroe Islands — 17th of 30: US$478.54 million
- Cayman Islands — 18th of 30: US$416.41 million
- Bermuda — 19th of 30: US$332.49 million
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 47 values
| Year | Taxes less subsidies on products (current US$) |
|---|---|
| 2024 | 481,817,800 |
| 2023 | 467,698,050 |
| 2022 | 431,520,900 |
| 2021 | 341,726,850 |
| 2020 | 286,263,450 |
| 2019 | 364,899,950 |
| 2018 | 351,386,150 |
| 2017 | 335,234,300 |
| 2016 | 335,995,400 |
| 2015 | 299,766,400 |
Taxes less subsidies on products (current US$) in nearby economies
- Antigua and Barbuda — US$273.11 million (2025)
- Argentina — US$105.47 billion (2025)
- Aruba — US$481.16 million (2023)
- Bahamas, The — US$1.95 billion (2024)
- Barbados — US$833.4 million (2025)
- Bolivia — US$3.6 billion (2024)
- Brazil — US$319.76 billion (2025)
- Cayman Islands — US$416.41 million (2024)
- Chile — US$34.34 billion (2025)
- Colombia
More economic policy & debt data for Belize
- GDP (current US$) — US$3.33 billion (2025)
- GDP (current LCU) — 6.65 billion (2025)
- GDP (constant 2015 US$) — US$2.7 billion (2025)
- GDP (constant LCU) — 5.4 billion (2025)
- GDP per capita (current US$) — US$7,865 (2025)
- GDP per capita (current LCU) — 15,731 (2025)
- GDP per capita (constant 2015 US$) — US$6,374 (2025)
- GDP per capita (constant LCU) — 12,772 (2025)
- GNI (current US$) — US$3.16 billion (2025)
- GNI (current LCU) — 6.32 billion (2025)
- GNI per capita (current LCU) — 14,953 (2025)
Reading data like this
Questions people ask
- What is Belize's taxes less subsidies on products (current US$)?
- US$481.82 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1978?
- It is up 4,555% from US$10.35 million in 1978 (8.71% a year on average, compounded). The highest value was US$481.82 million in 2024 and the lowest US$10.35 million in 1978.
- How does Belize rank?
- 17th highest of 30 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current US$) unusual for Belize?
- In 2024, Belize's taxes less subsidies on products (current US$) rose 3% on 2023 (from US$467.7 million to US$481.82 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.
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.CD, 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.
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