Nicaragua vs Trinidad and Tobago: Tariff rate, most favored nation, weighted mean, all products
Tariff rate, most favored nation, weighted mean, all products over time
- Nicaragua
- Trinidad and Tobago
How they compare
Trinidad and Tobago currently reports 7.5% against 7.2% in Nicaragua, a difference of 0.3%.
The two have swapped places 3 times across 16 shared years of data; in 1996 it was Nicaragua ahead.
Nicaragua ranks 87th and Trinidad and Tobago ranks 86th of 184 countries.
Trinidad and Tobago has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Nicaragua | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.6% | 12.5% | 2.9% | Trinidad and Tobago |
| 2000s | 5.4% | 8.6% | 3.2% | Trinidad and Tobago |
| 2010s | 5.4% | 8.8% | 3.4% | Trinidad and Tobago |
| 2020s | 7.2% | 8.2% | 1.0% | Trinidad and Tobago |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tariff rate, most favored nation, weighted mean, all products, Nicaragua or Trinidad and Tobago?
- Trinidad and Tobago, at 7.5% against 7.2% in Nicaragua as of 2022.
- What is the difference in tariff rate, most favored nation, weighted mean, all products between Nicaragua and Trinidad and Tobago?
- 0.3%, with Trinidad and Tobago ahead.
- How many years of comparable data are there for Nicaragua and Trinidad and Tobago?
- 16 years are reported by both, from 1996 to 2022.
- How do Nicaragua and Trinidad and Tobago rank globally for tariff rate, most favored nation, weighted mean, all products?
- Nicaragua ranks 87th and Trinidad and Tobago ranks 86th 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.