The monthly minimum wage in Belize is $264. Belize has a national debt of 110.0% of the country's gross domestic product (GDP), as determined in 2012. In terms of consumer prices, the inflation rate in Belize is 1.3%. The currency of Belize is the Belize dollar. The plural form of the word Belize dollar is dollar. The symbol used for this currency is $ and is abbreviated as BZD. The Belize dollar is divided into cents; There are 100 in a dollar. Every year, consumers spend around $866 million. The ratio of consumer spending to GDP in Belize is 0.05%, and the ratio of consumer spending to the world consumer market is 0.25%. The corporate tax rate in Belize is 1.75%. Personal income tax ranges from 0% to 25%, depending on your specific situation and income level. The VAT in Belize is 12.5% and is called general sales tax. In 2013, Belize received $25.1 million in foreign aid. In 2014, foreign aid totaled $22.5 million.
Gross domestic product
The total gross domestic product (GDP), calculated as purchasing power parity (PPP), in Belize is $2,975 billion. Belize's gross domestic product (GDP), calculated as purchasing power parity (PPP) per capita, was most recently $7,778,917. PPP in Belize is considered very good compared to other countries. A very good PPP indicates that citizens in this country find it easy to buy local goods. Local goods may include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Belize is 1,624 billion. Based on these statistics, Belize is considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. The gross domestic product (GDP) per capita in Belize was most recently at $4,246,373. The average citizen in Belize has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries, and labor is very expensive in these countries. Very wealthy countries offer opportunities for safe investments as they are often supported by a diverse and thriving financial sector. The annual GDP growth rate in Belize averaged 2% in 2014. According to this percentage, Belize is currently experiencing modest growth. Countries with modest growth offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.
