Iceland vs Panama: Tariff rate, most favored nation, weighted mean, primary products
Tariff rate, most favored nation, weighted mean, primary products over time
- Iceland
- Panama
How they compare
Iceland currently reports 11.3% against 11.2% in Panama, a difference of 0.1%.
The two have swapped places 6 times across 18 shared years of data; in 1998 it was Iceland ahead.
Iceland ranks 58th and Panama ranks 60th of 184 countries.
Across the 4 decades both report, Iceland averaged higher in 2 and Panama in 2.
Head to head by decade
| Decade | Iceland | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.3% | 8.6% | 0.7% | Iceland |
| 2000s | 7.5% | 9.0% | 1.4% | Panama |
| 2010s | 3.9% | 10.4% | 6.5% | Panama |
| 2020s | 12.0% | 11.8% | 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, primary products, Iceland or Panama?
- Iceland, at 11.3% against 11.2% in Panama as of 2022.
- What is the difference in tariff rate, most favored nation, weighted mean, primary products between Iceland and Panama?
- 0.1%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Panama?
- 18 years are reported by both, from 1998 to 2022.
- How do Iceland and Panama rank globally for tariff rate, most favored nation, weighted mean, primary products?
- Iceland ranks 58th and Panama ranks 60th of 184 countries.
- Where does this data come from?
- Staff estimates, published as Tariff rate, most favored nation, weighted mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).