Upper middle income - Tariff rate, most favored nation, weighted mean, all products (%)

Tariff rate, most favored nation, weighted mean, all products (%) in Upper middle income was 5.53 as of 2017. Its highest value over the past 29 years was 32.95 in 1989, while its lowest value was 5.08 in 2016.

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.

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:

• Thematic map
• Country comparison
• Country ranking
• Download data to Excel

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs