Tariff rate, most favored nation, simple mean, all products in Bahamas
Bahamas: Tariff rate, most favored nation, simple mean, all products was 31.5% in 2022. ▲ Rising
Tariff rate, most favored nation, simple mean, all products in Bahamas, 1999–2022
Source: Staff estimates. Measured in %.
Analysis
Bahamas recorded 31.5% for tariff rate, most favored nation, simple mean, all products in 2022.
Compared with earlier readings it is down 12.2% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, all products in Bahamas peaked at 35.9% in 2010 and was at its lowest, 30.2%, in 2006.
Bahamas ranks 1st of 186 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 11 years of available data.
Tariff rate, most favored nation, simple mean, all products in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 31.2% | — |
| 2002 | 30.6% | -1.7% |
| 2006 | 30.2% | -1.3% |
| 2010 | 35.9% | +18.8% |
| 2011 | 35.9% | +0.0% |
| 2013 | 35.1% | -2.2% |
| 2014 | 35.1% | -0.1% |
| 2015 | 33.9% | -3.5% |
| 2016 | 33.2% | -2.0% |
| 2018 | 32.4% | -2.3% |
| 2022 | 31.5% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.2% | 31.2% | 31.2% | 1 |
| 2000s | 30.4% | 30.2% | 30.6% | 2 |
| 2010s | 34.5% | 32.4% | 35.9% | 7 |
| 2020s | 31.5% | 31.5% | 31.5% | 1 |
Countries ranked near Bahamas
More private sector data for Bahamas
- Merchandise trade 35.6% (2024)
- Food imports 20.0% (2024)
- Manufactures imports 61.1% (2024)
- Merchandise imports 5.52 billion current US$ (2025)
- Food exports 52.2% (2024)
- Manufactures exports 31.2% (2024)
- Merchandise exports 711.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,764 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0435 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate 3.19 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, all products in Bahamas?
- Tariff rate, most favored nation, simple mean, all products in Bahamas was 31.5% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, all products recorded in Bahamas?
- The highest recorded value was 35.9% in 2010.
- What is the lowest tariff rate, most favored nation, simple mean, all products recorded in Bahamas?
- The lowest recorded value was 30.2% in 2006.
- How does Bahamas rank for tariff rate, most favored nation, simple mean, all products?
- Bahamas ranks 1st out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, all products rising or falling in Bahamas?
- Over the last ten years it is down 12.2%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, simple mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean most favored nation tariff rate is the unweighted average of most favored nation 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.