Belize: Taxes on income, profits and capital gains (current LCU)

Key figures

What the numbers say

In 2017, Belize's taxes on income, profits and capital gains (current LCU) rose 3.3% on 2016 (from 261.71 million to 270.22 million).

Across the 26 yearly changes before that (1991 to 2016), the average change was +8% and a typical year strayed about 11.6% 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 30.4% in 1992 and the biggest yearly fall was 19.9% in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2008 to 2017 the straight-line trend is upward, about 7.26 million a year. A straight line explains 81% 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.

Closest to Belize in the 2017 ranking

• Afghanistan — 1st of 4: 28.03 billion
• St. Lucia — 3rd of 4: 254.15 million
• St. Vincent and the Grenadines — 4th of 4: 150.93 million

What this measures

Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 28 values

Taxes on income, profits and capital gains (current LCU) in nearby economies

• Argentina — 8.95 trillion (2024)
• Barbados — 861.07 million (2016)
• Brazil — 1.07 trillion (2024)
• Chile — 21.59 trillion (2024)
• Colombia — 121.85 trillion (2024)
• Costa Rica — 2.18 trillion (2024)
• Dominican Republic — 380.17 billion (2024)
• Ecuador — 4.44 billion (2022)
• El Salvador — 3.06 billion (2024)

More public sector data for Belize

• Military expenditure (current USD) — 33.32 million (2025)
• Military expenditure (current LCU) — 66.63 million (2025)
• Military expenditure (% of GDP) — 1% (2025)
• Armed forces personnel, total — 2,000 (2020)
• Armed forces personnel (% of total labor force) — 1.32% (2020)
• Net investment in nonfinancial assets (current LCU) — 148.91 million (2017)
• Net investment in nonfinancial assets (% of GDP) — 3.29% (2017)
• Net lending (+) / net borrowing (-) (current LCU) — -52.73 million (2017)
• Net lending (+) / net borrowing (-) (% of GDP) — -1.16% (2017)
• Grants and other revenue (current LCU)

Reading data like this

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Questions people ask

What is Belize's taxes on income, profits and capital gains (current LCU)?

270.22 million in 2017, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 555.12% from 41.25 million in 1990 (7.21% a year on average, compounded). The highest value was 273.83 million in 2014 and the lowest 41.25 million in 1990.

Is the latest change in taxes on income, profits and capital gains (current LCU) unusual for Belize?

In 2017, Belize's taxes on income, profits and capital gains (current LCU) rose 3.3% on 2016 (from 261.71 million to 270.22 million). Across the 26 yearly changes before that (1991 to 2016), the average change was +8% and a typical year strayed about 11.6% 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.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator GC.TAX.YPKG.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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