Canada vs Iceland: Tariff rate, most favored nation, weighted mean, all products
Tariff rate, most favored nation, weighted mean, all products over time
- Canada
- Iceland
How they compare
Iceland currently reports 3.1% against 3.0% in Canada, a difference of 0.1%.
The two have swapped places 11 times across 24 shared years of data; in 1993 it was Canada ahead.
Canada ranks 142nd and Iceland ranks 141st of 184 countries.
Across the 4 decades both report, Canada averaged higher in 2 and Iceland in 2.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.1% | 4.4% | 0.7% | Canada |
| 2000s | 3.8% | 3.9% | 0.2% | Iceland |
| 2010s | 3.5% | 3.0% | 0.5% | Canada |
| 2020s | 3.0% | 3.2% | 0.2% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, most favored nation, weighted mean, all products, Canada or Iceland?
- Iceland, at 3.1% against 3.0% in Canada as of 2022.
- What is the difference in tariff rate, most favored nation, weighted mean, all products between Canada and Iceland?
- 0.1%, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 24 years are reported by both, from 1993 to 2022.
- How do Canada and Iceland rank globally for tariff rate, most favored nation, weighted mean, all products?
- Canada ranks 142nd and Iceland ranks 141st of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, most favored nation, 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 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.