Panama vs Trinidad and Tobago: Tariff rate, most favored nation, weighted mean, primary products
Tariff rate, most favored nation, weighted mean, primary products over time
- Panama
- Trinidad and Tobago
How they compare
Panama currently reports 11.2% against 10.8% in Trinidad and Tobago, a difference of 0.4%.
The two have swapped places 3 times across 15 shared years of data; in 1999 it was Trinidad and Tobago ahead.
Panama ranks 60th and Trinidad and Tobago ranks 63rd of 184 countries.
Across the 4 decades both report, Panama averaged higher in 2 and Trinidad and Tobago in 2.
Head to head by decade
| Decade | Panama | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 7.5% | 20.0% | 12.6% | Trinidad and Tobago |
| 2000s | 8.7% | 4.7% | 4.0% | Panama |
| 2010s | 9.6% | 8.4% | 1.2% | Panama |
| 2020s | 11.8% | 13.2% | 1.4% | 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, primary products, Panama or Trinidad and Tobago?
- Panama, at 11.2% against 10.8% in Trinidad and Tobago as of 2022.
- What is the difference in tariff rate, most favored nation, weighted mean, primary products between Panama and Trinidad and Tobago?
- 0.4%, with Panama ahead.
- How many years of comparable data are there for Panama and Trinidad and Tobago?
- 15 years are reported by both, from 1999 to 2022.
- How do Panama and Trinidad and Tobago rank globally for tariff rate, most favored nation, weighted mean, primary products?
- Panama ranks 60th and Trinidad and Tobago ranks 63rd 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.
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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).