Belize - Taxes on international trade (% of revenue)

Taxes on international trade (% of revenue) in Belize was 14.23 as of 2017. Its highest value over the past 27 years was 52.60 in 1995, while its lowest value was 14.23 in 2017.

Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1990 48.82
1991 49.79
1992 46.62
1993 48.80
1994 48.81
1995 52.60
1996 29.17
1997 32.02
1998 30.81
1999 30.30
2000 32.08
2001 36.37
2002 39.64
2003 36.72
2004 36.29
2005 28.63
2006 27.53
2007 23.12
2008 20.50
2009 23.39
2010 20.86
2011 23.69
2012 23.42
2013 20.61
2014 22.56
2015 25.04
2016 15.91
2017 14.23

Limitations and Exceptions: 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). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance