Barbados - Tariff rate, most favored nation, simple mean, primary products (%)
Tariff rate, most favored nation, simple mean, primary products (%) in Barbados was 21.71 as of 2020. Its highest value over the past 24 years was 26.94 in 2001, while its lowest value was 15.39 in 2011.
Definition: Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).
Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate
See also:
| Year | Value |
|---|---|
| 1996 | 26.35 |
| 1999 | 26.06 |
| 2000 | 26.02 |
| 2001 | 26.94 |
| 2002 | 26.61 |
| 2003 | 26.47 |
| 2004 | 23.63 |
| 2006 | 21.23 |
| 2007 | 22.60 |
| 2010 | 15.42 |
| 2011 | 15.39 |
| 2012 | 15.97 |
| 2013 | 22.83 |
| 2020 | 21.71 |
Periodicity: Annual
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Tariffs
