Average Procurement Officer Salary in Belize for 2024

In this article, we will look at the average Procurement Officer salary for 2024 in Belize and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Belize dollar. To keep things simple, we are using the BZD currency code instead of the currency symbol $.

How Much Does a Procurement Officer Make in Belize?

A Procurement Officer working in Belize will typically earn around 21,100 BZD per year, and this can range from the lowest average salary of about 12,840 BZD to the highest average salary of 30,220 BZD.

Average Annual Salary
21,100 BZD
Average Monthly Salary
1,758 BZD

Lowest Annual Salary
12,840 BZD
Lowest Monthly Salary
1,070 BZD

Highest Annual Salary
30,220 BZD
Highest Monthly Salary
2,518 BZD

These are average salaries for a Procurement Officer in Belize and include benefits such as housing and transport. It's also possible for a Procurement Officer to earn more or less than the average salaries shown above.

Procurement Officer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Procurement Officer Salaries in Belize

So we've looked at the average salaries a Procurement Officer will earn in Belize. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Procurement Officer can earn between 12,840 BZD and 30,220 BZD on average in Belize. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Procurement Officer in Belize is 20,120 BZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,120 BZD, and 50% of the population earn more than 20,120 BZD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Procurement Officer salary in Belize, 25% of the population are earning less than 14,540 BZD while 75% of the population earn more than 14,540 BZD.

75% of the population earn less than 21,300 BZD, and 25% of the population earn more than 21,300 BZD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Procurement Officer Salary by Experience Level in Belize

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average procurement officer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Procurement Officer in Belize that has less than two years of experience can expect to earn somewhere in the region of 12,120 BZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Procurement Officer salary would increase to 16,880 BZD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Procurement Officer, the average salary would be 21,640 BZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 23,360 BZD.
  • 15 - 20 Years Experience. A Procurement Officer with 15 to 20 years of experience can earn an average of 27,620 BZD.
  • 20+ Years Experience. For a Procurement Officer with more than 20 years, the expected average salary increases to 30,800 BZD.

Average Salary by Experience Chart

0-2 Years
12,120 BZD
2-5 Years +26%
16,880 BZD
5-10 Years +32%
21,640 BZD
10-15 Years +18%
23,360 BZD
15-20 Years +11%
27,620 BZD
20+ Years +6%
30,800 BZD

Procurement Officer Salary by Education Level in Belize

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Procurement Officer in Belize based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Procurement Officer in Belize with a high school education can earn an average salary of 16,880 BZD.

  • Certificate or Diploma. A Procurement Officer in Belize with a certificate or diploma education can earn an average salary of 23,380 BZD.

  • Bachelor's Degree. A Procurement Officer in Belize with a bachelor's degree education can earn an average salary of 28,720 BZD.

Average Salary by Education Chart

High School
16,880 BZD
Certificate or Diploma +37%
23,380 BZD
Bachelor's Degree +29%
28,720 BZD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Belize is around 19,600 to 58,800 BZD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Procurement Officer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Belize, a male procurement officer will earn an average of 21,400 BZD, while a female procurement officer will earn around 19,860 BZD.

This means that a male procurement officer earns approximately 8% more than a female procurement officer for performing the same job.

Average Salary by Gender Chart in Belize

Male
21,400 BZD
Female -8%
19,860 BZD

Procurement Officer Average Pay Raise in Belize

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Procurement Officer in Belize is around 6% every 29 months.

The national average pay raise across all professions and industries in Belize is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Procurement Officer in Belize can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Belize for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Belize.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Procurement Officer Bonus and Incentive Rates in Belize

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Procurement Officer is a low bonus based job, with 32% of employees reporting at least one bonus in the last 12 months.

68% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 4% to 5%.

Received Bonus
32%
No Bonus
68%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Belize earn approximately 23% more than private sector employees in the same role.

Public Sector
53,120 BZD
Private Sector -23%
43,340 BZD

Salaries for Jobs Similar to a Procurement Officer

In the table below, we have salary information for jobs that are similar to a Procurement Officer in Belize.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 44,800 BZD
Asset Protection Associate Purchasing and Inventory 42,040 BZD
Asset Protection Specialist Purchasing and Inventory 45,200 BZD
Assistant Buyer Purchasing and Inventory 36,020 BZD
Buyer Purchasing and Inventory 60,600 BZD
Capacity Planner Purchasing and Inventory 45,620 BZD
Category Leader Purchasing and Inventory 44,800 BZD
Category Management Specialist Purchasing and Inventory 43,760 BZD
Category Manager Purchasing and Inventory 47,580 BZD
Channel Services Representative Purchasing and Inventory 46,840 BZD
Contracts Manager Purchasing and Inventory 56,060 BZD
Contracts Specialist Purchasing and Inventory 41,480 BZD
Demand Planner Purchasing and Inventory 46,880 BZD
Demand Planning Manager Purchasing and Inventory 54,560 BZD
Distribution Assistant Purchasing and Inventory 38,140 BZD
Distribution Associate Purchasing and Inventory 38,680 BZD
Distribution Manager Purchasing and Inventory 85,880 BZD
Inventory Analyst Purchasing and Inventory 43,220 BZD
Inventory Control Clerk Purchasing and Inventory 22,340 BZD
Inventory Control Manager Purchasing and Inventory 57,360 BZD
Inventory Management Associate Purchasing and Inventory 46,160 BZD
Inventory Specialist Purchasing and Inventory 44,800 BZD
Logistics Engineer Purchasing and Inventory 37,800 BZD
Master Planner Purchasing and Inventory 39,080 BZD
Material Handler Purchasing and Inventory 27,300 BZD
Material Planning Specialist Purchasing and Inventory 38,060 BZD
Merchandise Manager Purchasing and Inventory 51,100 BZD
Procurement Administrator Purchasing and Inventory 50,340 BZD
Procurement Agent Purchasing and Inventory 34,240 BZD
Procurement Analyst Purchasing and Inventory 55,320 BZD
Procurement Assistant Purchasing and Inventory 35,560 BZD
Procurement Associate Purchasing and Inventory 45,000 BZD
Procurement Clerk Purchasing and Inventory 21,640 BZD
Procurement Engineer Purchasing and Inventory 43,340 BZD
Procurement Manager Purchasing and Inventory 85,460 BZD
Procurement Process Analyst Purchasing and Inventory 50,520 BZD
Procurement Specialist Purchasing and Inventory 41,980 BZD
Production Planner Purchasing and Inventory 44,540 BZD
Project Buyer Purchasing and Inventory 55,220 BZD
Purchaser Purchasing and Inventory 62,420 BZD
Purchasing Agent Purchasing and Inventory 38,140 BZD
Purchasing Assistant Purchasing and Inventory 24,280 BZD
Purchasing Manager Purchasing and Inventory 84,800 BZD
Purchasing Officer Purchasing and Inventory 39,960 BZD
Purchasing Supervisor Purchasing and Inventory 61,460 BZD
Shipping and Receiving Clerk Purchasing and Inventory 19,940 BZD
Shipping Coordinator Purchasing and Inventory 40,560 BZD
Stock Clerk Purchasing and Inventory 22,540 BZD
Stock Regulator Purchasing and Inventory 24,860 BZD
Storage Manager Purchasing and Inventory 55,580 BZD
Store Keeper Purchasing and Inventory 21,020 BZD
Stores and Logistics Coordinator Purchasing and Inventory 47,120 BZD
Supply Chain Analyst Purchasing and Inventory 58,720 BZD
Supply Chain Coordinator Purchasing and Inventory 43,760 BZD
Supply Chain Development Manager Purchasing and Inventory 80,500 BZD
Supply Chain Director Purchasing and Inventory 87,000 BZD
Supply Chain Manager Purchasing and Inventory 82,520 BZD
Supply Planner Purchasing and Inventory 40,640 BZD
Warehouse Assistant Purchasing and Inventory 18,780 BZD
Warehouse Clerk Purchasing and Inventory 17,560 BZD
Warehouse Executive Purchasing and Inventory 69,580 BZD
Warehouse Lead Purchasing and Inventory 48,920 BZD
Warehouse Manager Purchasing and Inventory 78,500 BZD
Warehouse Supervisor Purchasing and Inventory 51,120 BZD
Wholesale Buyer Purchasing and Inventory 64,040 BZD

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