Tariff rate, most favored nation, simple mean … manufactured simple in Venezuela
Venezuela: Tariff rate, most favored nation, simple mean … manufactured simple was 15.2% in 2022. ▲ Rising
Tariff rate, most favored nation, simple mean, manufactured products in Venezuela, 1992–2022
Source: Staff estimates. Measured in %.
Analysis
Venezuela recorded 15.2% for tariff rate, most favored nation, simple mean, manufactured products in 2022.
That represents a change of up 15.4% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, manufactured products in Venezuela peaked at 17.0% in 1992 and was at its lowest, 12.3%, in 1997.
That places Venezuela 17th out of 186 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 28 years of available data.
Tariff rate, most favored nation, simple mean … manufactured simple in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 17.0% | — |
| 1995 | 13.9% | -18.1% |
| 1997 | 12.3% | -11.8% |
| 1998 | 12.3% | +0.2% |
| 1999 | 12.4% | +0.5% |
| 2000 | 12.3% | -0.4% |
| 2001 | 12.4% | +0.2% |
| 2002 | 12.7% | +2.8% |
| 2003 | 12.7% | -0.2% |
| 2004 | 12.4% | -2.5% |
| 2005 | 12.4% | -0.1% |
| 2006 | 13.1% | +5.8% |
| 2007 | 13.1% | +0.0% |
| 2008 | 13.2% | +0.9% |
| 2009 | 13.2% | +0.0% |
| 2010 | 13.2% | +0.0% |
| 2011 | 13.2% | +0.0% |
| 2012 | 13.2% | +0.0% |
| 2013 | 13.2% | -0.1% |
| 2014 | 12.9% | -2.3% |
| 2015 | 13.3% | +3.4% |
| 2016 | 13.1% | -2.0% |
| 2017 | 15.2% | +16.7% |
| 2018 | 15.2% | +0.0% |
| 2019 | 15.2% | +0.0% |
| 2020 | 15.2% | +0.0% |
| 2021 | 15.2% | +0.0% |
| 2022 | 15.2% | +0.0% |
Venezuela compared with similar countries
- Venezuela's 15.2% is above the median for lower middle income countries, which is 11.0%, 1.4× the median. (46 countries reporting)
- Venezuela's 15.2% is above the median for Latin America & Caribbean, which is 8.7%, 1.8× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.6% | 12.3% | 17.0% | 5 |
| 2000s | 12.7% | 12.3% | 13.2% | 10 |
| 2010s | 13.8% | 12.9% | 15.2% | 10 |
| 2020s | 15.2% | 15.2% | 15.2% | 3 |
Countries ranked near Venezuela
More private sector data for Venezuela
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Commercial service imports 5.95 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Commercial service exports 1.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, manufactured products in Venezuela?
- Tariff rate, most favored nation, simple mean, manufactured products in Venezuela was 15.2% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, manufactured products recorded in Venezuela?
- The highest recorded value was 17.0% in 1992.
- What is the lowest tariff rate, most favored nation, simple mean, manufactured products recorded in Venezuela?
- The lowest recorded value was 12.3% in 1997.
- How does Venezuela rank for tariff rate, most favored nation, simple mean, manufactured products?
- Venezuela ranks 17th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, manufactured products rising or falling in Venezuela?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, 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 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.