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Barbados - Tariff rate

Tariff rate, applied, simple mean, manufactured products (%)

Tariff rate, applied, simple mean, manufactured products (%) in Barbados was 8.73 as of 2020. Its highest value over the past 24 years was 22.05 in 1996, while its lowest value was 8.73 in 2020.

Definition: Simple mean applied tariff is the unweighted average of effectively applied 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. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

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	22.05
1999	18.97
2000	18.94
2001	12.97
2002	12.95
2003	13.08
2004	14.02
2006	13.77
2007	13.42
2010	12.28
2011	12.32
2012	10.87
2013	9.79
2020	8.73

Tariff rate, most favored nation, simple mean, manufactured products (%)

Tariff rate, most favored nation, simple mean, manufactured products (%) in Barbados was 8.45 as of 2020. Its highest value over the past 24 years was 23.17 in 1996, while its lowest value was 8.45 in 2020.

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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

See also:

Year	Value
1996	23.17
1999	19.62
2000	19.37
2001	9.98
2002	10.26
2003	10.26
2004	11.50
2006	10.79
2007	11.11
2010	9.49
2011	9.47
2012	9.40
2013	9.38
2020	8.45

Tariff rate, applied, weighted mean, manufactured products (%)

Tariff rate, applied, weighted mean, manufactured products (%) in Barbados was 8.39 as of 2020. Its highest value over the past 24 years was 25.58 in 1996, while its lowest value was 8.39 in 2020.

Definition: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

See also:

Year	Value
1996	25.58
1999	22.48
2000	21.64
2001	14.84
2002	14.35
2003	14.94
2004	12.82
2006	14.17
2007	12.29
2010	13.35
2011	13.82
2012	13.90
2013	12.48
2020	8.39

Tariff rate, most favored nation, weighted mean, manufactured products (%)

Tariff rate, most favored nation, weighted mean, manufactured products (%) in Barbados was 9.67 as of 2020. Its highest value over the past 24 years was 27.33 in 1996, while its lowest value was 9.67 in 2020.

Definition: Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. 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 and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

See also:

Year	Value
1996	27.33
1999	22.49
2000	21.64
2001	14.84
2002	14.35
2003	14.94
2004	14.47
2006	15.78
2007	14.00
2010	13.35
2011	13.82
2012	14.13
2013	13.44
2020	9.67

Tariff rate, applied, simple mean, all products (%)

Tariff rate, applied, simple mean, all products (%) in Barbados was 10.18 as of 2020. Its highest value over the past 24 years was 24.21 in 1996, while its lowest value was 10.18 in 2020.

See also:

Year	Value
1996	24.21
1999	21.21
2000	21.23
2001	16.30
2002	16.22
2003	16.43
2004	15.93
2006	15.00
2007	15.13
2010	13.81
2011	13.78
2012	12.04
2013	12.55
2020	10.18

Tariff rate, most favored nation, simple mean, all products (%)

Tariff rate, most favored nation, simple mean, all products (%) in Barbados was 11.92 as of 2020. Its highest value over the past 24 years was 24.25 in 1996, while its lowest value was 10.90 in 2011.

See also:

Year	Value
1996	24.25
1999	21.70
2000	21.50
2001	13.75
2002	13.89
2003	13.86
2004	14.27
2006	13.23
2007	13.81
2010	10.93
2011	10.90
2012	11.03
2013	12.59
2020	11.92

Tariff rate, applied, weighted mean, all products (%)

Tariff rate, applied, weighted mean, all products (%) in Barbados was 11.82 as of 2020. Its highest value over the past 24 years was 22.93 in 1996, while its lowest value was 8.42 in 2012.

See also:

Year	Value
1996	22.93
1999	22.77
2000	21.01
2001	20.34
2002	20.78
2003	21.45
2004	15.48
2006	12.66
2007	14.79
2010	15.77
2011	13.15
2012	8.42
2013	14.21
2020	11.82

Tariff rate, most favored nation, weighted mean, all products (%)

Tariff rate, most favored nation, weighted mean, all products (%) in Barbados was 15.57 as of 2020. Its highest value over the past 24 years was 23.64 in 1996, while its lowest value was 8.69 in 2012.

See also:

Year	Value
1996	23.64
1999	22.78
2000	21.01
2001	20.34
2002	20.78
2003	21.45
2004	20.20
2006	17.12
2007	19.23
2010	15.77
2011	13.15
2012	8.69
2013	15.39
2020	15.57

Tariff rate, applied, simple mean, primary products (%)

Tariff rate, applied, simple mean, primary products (%) in Barbados was 19.21 as of 2020. Its highest value over the past 24 years was 37.39 in 2001, while its lowest value was 17.40 in 2012.

Definition: Simple mean applied tariff is the unweighted average of effectively applied 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. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

See also:

Year	Value
1996	34.06
1999	31.17
2000	31.95
2001	37.39
2002	37.03
2003	37.08
2004	27.90
2006	23.62
2007	26.36
2010	23.29
2011	22.98
2012	17.40
2013	25.99
2020	19.21

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).

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

Tariff rate, applied, weighted mean, primary products (%)

Tariff rate, applied, weighted mean, primary products (%) in Barbados was 19.33 as of 2020. Its highest value over the past 24 years was 42.77 in 2003, while its lowest value was 7.60 in 2012.

Definition: Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

See also:

Year	Value
1996	19.43
1999	23.33
2000	19.98
2001	32.03
2002	41.45
2003	42.77
2004	23.43
2006	9.98
2007	21.92
2010	21.51
2011	12.42
2012	7.60
2013	16.24
2020	19.33

Tariff rate, most favored nation, weighted mean, primary products (%)

Tariff rate, most favored nation, weighted mean, primary products (%) in Barbados was 28.50 as of 2020. Its highest value over the past 24 years was 42.77 in 2003, while its lowest value was 7.87 in 2012.

Definition: Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. 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 and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

See also:

Year	Value
1996	18.77
1999	23.33
2000	19.98
2001	32.03
2002	41.45
2003	42.77
2004	37.39
2006	19.47
2007	34.20
2010	21.51
2011	12.42
2012	7.87
2013	17.69
2020	28.50

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs