Tariff rate, most favored nation, simple mean, all products (%) in Barbados
Barbados: Tariff rate, most favored nation, simple mean, all products (%) was 13.9% in 2022. ▼ Falling
Tariff rate, most favored nation, simple mean, all products in Barbados, 1996–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, simple mean, all products in Barbados is 13.9%, measured in 2022.
The figure is up 17.0% on the previous year and up 26.4% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, all products in Barbados peaked at 24.2% in 1996 and was at its lowest, 10.9%, in 2011.
Barbados ranks 28th of 186 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 16 years of available data.
Tariff rate, most favored nation, simple mean, all products (%) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 24.2% | — |
| 1999 | 21.7% | -10.5% |
| 2000 | 21.5% | -0.9% |
| 2001 | 13.8% | -36.0% |
| 2002 | 13.9% | +1.0% |
| 2003 | 13.9% | -0.2% |
| 2004 | 14.3% | +3.0% |
| 2006 | 13.2% | -7.3% |
| 2007 | 13.8% | +4.4% |
| 2010 | 10.9% | -20.9% |
| 2011 | 10.9% | -0.3% |
| 2012 | 11.0% | +1.2% |
| 2013 | 12.6% | +14.1% |
| 2020 | 11.9% | -5.3% |
| 2021 | 11.9% | -0.1% |
| 2022 | 13.9% | +17.0% |
Barbados compared with similar countries
- Barbados's 13.9% is above the median for high income countries, which is 5.2%, 2.7× the median. (66 countries reporting)
- Barbados's 13.9% is above the median for Latin America & Caribbean, which is 9.9%, 1.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.0% | 21.7% | 24.2% | 2 |
| 2000s | 14.9% | 13.2% | 21.5% | 7 |
| 2010s | 11.4% | 10.9% | 12.6% | 4 |
| 2020s | 12.6% | 11.9% | 13.9% | 3 |
Countries ranked near Barbados
- 25 Bangladesh 14.1% compare
- 26 Venezuela 14.0% compare
- 27 Solomon Islands 14.0% compare
- 29 Tanzania 13.8% compare
- 30 South Korea 13.6% compare
- 31 Burundi 13.6% compare
More private sector data for Barbados
- Merchandise trade 33.1% (2025)
- Food imports 22.4% (2025)
- Manufactures imports 58.9% (2025)
- Merchandise imports 2.23 billion current US$ (2025)
- Commercial service imports 670.92 million current US$ (2017)
- Food exports 43.7% (2025)
- Manufactures exports 41.2% (2025)
- Merchandise exports 428.00 million current US$ (2025)
- Commercial service exports 1.50 billion current US$ (2017)
- Merchandise exports (current US$), per capita 1,514 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, all products in Barbados?
- Tariff rate, most favored nation, simple mean, all products in Barbados was 13.9% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, all products recorded in Barbados?
- The highest recorded value was 24.2% in 1996.
- What is the lowest tariff rate, most favored nation, simple mean, all products recorded in Barbados?
- The lowest recorded value was 10.9% in 2011.
- How does Barbados rank for tariff rate, most favored nation, simple mean, all products?
- Barbados ranks 28th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, all products rising or falling in Barbados?
- Over the last ten years it is up 26.4%. The long-run trend across the full record is falling.
- Where does this Barbados 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.
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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.