Iceland vs United States of America: Tariff rate, applied, weighted mean, all products
Tariff rate, applied, weighted mean, all products over time
- Iceland
- United States of America
How they compare
Iceland currently reports 1.6% against 1.5% in United States of America, a difference of 0.1%.
That makes Iceland's figure about 1.1 times United States of America's.
The two have swapped places 3 times across 24 shared years of data; in 1993 it was United States of America ahead.
Iceland ranks 136th and United States of America ranks 138th of 184 countries.
Across the 4 decades both report, Iceland averaged higher in 3 and United States of America in 1.
Head to head by decade
| Decade | Iceland | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.8% | 3.0% | 0.8% | Iceland |
| 2000s | 3.2% | 1.8% | 1.4% | Iceland |
| 2010s | 1.5% | 3.0% | 1.5% | United States of America |
| 2020s | 1.6% | 1.5% | 0.1% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, applied, weighted mean, all products, Iceland or United States of America?
- Iceland, at 1.6% against 1.5% in United States of America as of 2022.
- What is the difference in tariff rate, applied, weighted mean, all products between Iceland and United States of America?
- 0.1%, with Iceland ahead.
- How many years of comparable data are there for Iceland and United States of America?
- 24 years are reported by both, from 1993 to 2022.
- How do Iceland and United States of America rank globally for tariff rate, applied, weighted mean, all products?
- Iceland ranks 136th and United States of America ranks 138th of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, applied, weighted mean, all products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.