Tariff rate, applied, weighted mean, manufactured products in Nicaragua
Nicaragua: Tariff rate, applied, weighted mean, manufactured products was 2.3% in 2022. ◆ Volatile
Tariff rate, applied, weighted mean, manufactured products in Nicaragua, 1995–2022
Source: Staff estimates. Measured in %.
Analysis
Nicaragua recorded 2.3% for tariff rate, applied, weighted mean, manufactured products in 2022.
That represents a change of up 12.0% on the previous year and up 5.4% over ten years.
Over the whole period, tariff rate, applied, weighted mean, manufactured products in Nicaragua peaked at 7.4% in 1999 and was at its lowest, 1.5%, in 2013.
That places Nicaragua 114th out of 184 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tariff rate, applied, weighted mean, manufactured products in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 4.6% | — |
| 1996 | 7.1% | +53.9% |
| 1997 | 4.8% | -31.8% |
| 1998 | 4.0% | -18.4% |
| 1999 | 7.4% | +86.1% |
| 2000 | 2.3% | -68.2% |
| 2001 | 2.5% | +7.7% |
| 2002 | 2.6% | +1.6% |
| 2003 | 2.5% | -0.8% |
| 2004 | 3.6% | +42.9% |
| 2005 | 5.5% | +51.2% |
| 2006 | 3.9% | -29.7% |
| 2007 | 3.4% | -11.9% |
| 2008 | 3.6% | +4.7% |
| 2009 | 2.0% | -43.8% |
| 2010 | 1.8% | -10.0% |
| 2011 | 2.4% | +31.1% |
| 2012 | 2.2% | -5.9% |
| 2013 | 1.5% | -32.0% |
| 2014 | 1.9% | +22.5% |
| 2015 | 1.9% | +1.6% |
| 2016 | 2.1% | +11.7% |
| 2017 | 2.1% | -1.4% |
| 2018 | 2.0% | -1.4% |
| 2019 | 1.9% | -8.3% |
| 2020 | 1.9% | -0.5% |
| 2021 | 2.1% | +12.4% |
| 2022 | 2.3% | +12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.6% | 4.0% | 7.4% | 5 |
| 2000s | 3.2% | 2.0% | 5.5% | 10 |
| 2010s | 2.0% | 1.5% | 2.4% | 10 |
| 2020s | 2.1% | 1.9% | 2.3% | 3 |
Countries ranked near Nicaragua
- 111 Lebanon 2.7% compare
- 112 Timor-Leste 2.5% compare
- 113 China 2.5% compare
- 115 El Salvador 2.3% compare
- 116 Bosnia and Herzegovina 2.3% compare
- 117 Papua New Guinea 2.2% 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, weighted mean, manufactured products in Nicaragua?
- Tariff rate, applied, weighted mean, manufactured products in Nicaragua was 2.3% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, weighted mean, manufactured products recorded in Nicaragua?
- The highest recorded value was 7.4% in 1999.
- What is the lowest tariff rate, applied, weighted mean, manufactured products recorded in Nicaragua?
- The lowest recorded value was 1.5% in 2013.
- How does Nicaragua rank for tariff rate, applied, weighted mean, manufactured products?
- Nicaragua ranks 114th out of 184 countries with data for 2022.
- Is tariff rate, applied, weighted mean, manufactured products rising or falling in Nicaragua?
- Over the last ten years it is up 5.4%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, weighted 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
Weighted mean applied tariff is the average of effectively applied 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.