Tariff rate, applied, simple mean, manufactured products in Nicaragua
Nicaragua: Tariff rate, applied, simple mean, manufactured products was 2.9% in 2022. ▼ Falling
Tariff rate, applied, simple mean, manufactured products in Nicaragua, 1995–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, applied, simple mean, manufactured products in Nicaragua is 2.9%, measured in 2022.
The figure is down 1.0% on the previous year and down 29.7% over ten years.
Over the whole period, tariff rate, applied, simple mean, manufactured products in Nicaragua peaked at 8.6% in 1999 and was at its lowest, 2.8%, in 2000.
That places Nicaragua 125th out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Tariff rate, applied, simple mean, manufactured products in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 7.5% | — |
| 1996 | 8.5% | +13.0% |
| 1997 | 6.1% | -28.8% |
| 1998 | 4.5% | -26.5% |
| 1999 | 8.6% | +93.0% |
| 2000 | 2.8% | -67.6% |
| 2001 | 4.0% | +42.7% |
| 2002 | 4.1% | +2.5% |
| 2003 | 4.3% | +6.6% |
| 2004 | 5.0% | +15.4% |
| 2005 | 6.3% | +26.1% |
| 2006 | 5.3% | -15.5% |
| 2007 | 5.1% | -4.1% |
| 2008 | 5.2% | +1.4% |
| 2009 | 4.1% | -20.4% |
| 2010 | 4.0% | -2.9% |
| 2011 | 4.2% | +4.0% |
| 2012 | 4.1% | -1.7% |
| 2013 | 3.8% | -7.8% |
| 2014 | 3.7% | -1.3% |
| 2015 | 3.6% | -2.4% |
| 2016 | 3.4% | -6.0% |
| 2017 | 3.3% | -3.5% |
| 2018 | 3.2% | -3.0% |
| 2019 | 3.0% | -5.0% |
| 2020 | 3.1% | +2.3% |
| 2021 | 2.9% | -6.4% |
| 2022 | 2.9% | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.0% | 4.5% | 8.6% | 5 |
| 2000s | 4.6% | 2.8% | 6.3% | 10 |
| 2010s | 3.6% | 3.0% | 4.2% | 10 |
| 2020s | 3.0% | 2.9% | 3.1% | 3 |
Countries ranked near Nicaragua
- 122 North Macedonia 3.0% compare
- 123 El Salvador 2.9% compare
- 124 Serbia 2.9% compare
- 126 Myanmar 2.8% compare
- 127 Israel 2.8% compare
- 128 United States of America 2.8% compare
More private sector data for Nicaragua
- Merchandise trade 95.9% (2025)
- Food imports 16.6% (2024)
- Manufactures imports 68.6% (2024)
- Merchandise imports 12.43 billion current US$ (2025)
- Food exports 42.6% (2024)
- Manufactures exports 37.0% (2024)
- Merchandise exports 8.89 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,269 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3999 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 18.23 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, applied, simple mean, manufactured products in Nicaragua?
- Tariff rate, applied, simple mean, manufactured products in Nicaragua was 2.9% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, manufactured products recorded in Nicaragua?
- The highest recorded value was 8.6% in 1999.
- What is the lowest tariff rate, applied, simple mean, manufactured products recorded in Nicaragua?
- The lowest recorded value was 2.8% in 2000.
- How does Nicaragua rank for tariff rate, applied, simple mean, manufactured products?
- Nicaragua ranks 125th out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, manufactured products rising or falling in Nicaragua?
- Over the last ten years it is down 29.7%. The long-run trend across the full record is falling.
- Where does this Nicaragua data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, simple mean, manufactured products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. 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. 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.