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The Bahamas - Tariff rate

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

Tariff rate, applied, simple mean, manufactured products (%) in The Bahamas was 25.63 as of 2018. Its highest value over the past 19 years was 35.53 in 2010, while its lowest value was 25.63 in 2018.

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

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Year	Value
1999	30.75
2002	30.03
2006	29.34
2010	35.53
2011	35.28
2013	32.59
2014	32.54
2015	30.22
2016	28.50
2018	25.63

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

Tariff rate, most favored nation, simple mean, manufactured products (%) in The Bahamas was 35.30 as of 2018. Its highest value over the past 19 years was 38.36 in 2011, while its lowest value was 31.14 in 2006.

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.

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Year	Value
1999	32.00
2002	31.52
2006	31.14
2010	38.36
2011	38.36
2013	37.91
2014	37.88
2015	36.50
2016	35.91
2018	35.30

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

Tariff rate, applied, weighted mean, manufactured products (%) in The Bahamas was 24.59 as of 2018. Its highest value over the past 19 years was 32.10 in 1999, while its lowest value was 24.59 in 2018.

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
1999	32.10
2002	29.47
2006	29.67
2010	31.33
2011	31.55
2013	28.41
2014	28.34
2015	27.64
2016	25.74
2018	24.59

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

Tariff rate, most favored nation, weighted mean, manufactured products (%) in The Bahamas was 25.54 as of 2018. Its highest value over the past 19 years was 32.10 in 1999, while its lowest value was 25.54 in 2018.

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
1999	32.10
2002	29.47
2006	29.67
2010	31.33
2011	31.55
2013	28.56
2014	28.48
2015	28.17
2016	26.25
2018	25.54

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

Tariff rate, applied, simple mean, all products (%) in The Bahamas was 23.66 as of 2018. Its highest value over the past 19 years was 33.36 in 2010, while its lowest value was 23.66 in 2018.

See also:

Year	Value
1999	29.91
2002	28.99
2006	28.51
2010	33.36
2011	33.17
2013	30.43
2014	30.36
2015	28.08
2016	26.78
2018	23.66

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

Tariff rate, most favored nation, simple mean, all products (%) in The Bahamas was 32.43 as of 2018. Its highest value over the past 19 years was 35.93 in 2011, while its lowest value was 30.25 in 2006.

See also:

Year	Value
1999	31.17
2002	30.65
2006	30.25
2010	35.93
2011	35.93
2013	35.15
2014	35.12
2015	33.88
2016	33.20
2018	32.43

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

Tariff rate, applied, weighted mean, all products (%) in The Bahamas was 17.05 as of 2018. Its highest value over the past 19 years was 28.58 in 1999, while its lowest value was 17.05 in 2018.

See also:

Year	Value
1999	28.58
2002	25.02
2006	23.88
2010	20.22
2011	19.46
2013	19.78
2014	19.71
2015	18.66
2016	18.56
2018	17.05

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

Tariff rate, most favored nation, weighted mean, all products (%) in The Bahamas was 17.69 as of 2018. Its highest value over the past 19 years was 28.58 in 1999, while its lowest value was 17.69 in 2018.

See also:

Year	Value
1999	28.58
2002	25.02
2006	23.88
2010	20.22
2011	19.46
2013	19.90
2014	19.83
2015	19.03
2016	18.95
2018	17.69

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

Tariff rate, applied, simple mean, primary products (%) in The Bahamas was 13.98 as of 2018. Its highest value over the past 19 years was 25.78 in 1999, while its lowest value was 13.98 in 2018.

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
1999	25.78
2002	23.84
2006	24.38
2010	22.40
2011	22.42
2013	21.00
2014	20.89
2015	19.35
2016	18.30
2018	13.98

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

Tariff rate, most favored nation, simple mean, primary products (%) in The Bahamas was 24.42 as of 2018. Its highest value over the past 19 years was 28.31 in 2011, while its lowest value was 24.42 in 2018.

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
1999	27.97
2002	27.42
2006	26.86
2010	28.31
2011	28.31
2013	27.48
2014	27.45
2015	26.58
2016	25.66
2018	24.42

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

Tariff rate, applied, weighted mean, primary products (%) in The Bahamas was 5.88 as of 2018. Its highest value over the past 19 years was 20.90 in 1999, while its lowest value was 5.72 in 2011.

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
1999	20.90
2002	17.39
2006	15.07
2010	6.91
2011	5.72
2013	7.47
2014	7.41
2015	6.47
2016	7.77
2018	5.88

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

Tariff rate, most favored nation, weighted mean, primary products (%) in The Bahamas was 6.08 as of 2018. Its highest value over the past 19 years was 20.90 in 1999, while its lowest value was 5.72 in 2011.

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
1999	20.90
2002	17.39
2006	15.07
2010	6.91
2011	5.72
2013	7.53
2014	7.47
2015	6.59
2016	7.92
2018	6.08

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs