Panama vs Venezuela: Tariff rate, applied, simple mean, primary products
Tariff rate, applied, simple mean, primary products over time
- Panama
- Venezuela
How they compare
Panama currently reports 11.1% against 11.1% in Venezuela, a difference of 0.0%.
The two have swapped places 6 times across 21 shared years of data; in 1997 it was Panama ahead.
Panama ranks 74th and Venezuela ranks 75th of 184 countries.
Venezuela has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Panama | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 13.4% | 13.4% | 0.1% | Venezuela |
| 2000s | 11.7% | 12.5% | 0.7% | Venezuela |
| 2010s | 10.9% | 11.4% | 0.5% | Venezuela |
| 2020s | 11.4% | 12.1% | 0.7% | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, applied, simple mean, primary products, Panama or Venezuela?
- Panama, at 11.1% against 11.1% in Venezuela as of 2022.
- What is the difference in tariff rate, applied, simple mean, primary products between Panama and Venezuela?
- 0.0%, with Panama ahead.
- How many years of comparable data are there for Panama and Venezuela?
- 21 years are reported by both, from 1997 to 2022.
- How do Panama and Venezuela rank globally for tariff rate, applied, simple mean, primary products?
- Panama ranks 74th and Venezuela ranks 75th of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, applied, simple mean, primary products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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).