Tariff rate, most favored nation, simple mean, primary products in Barbados
Barbados: Tariff rate, most favored nation, simple mean, primary products was 23.6% in 2022. ▼ Falling
Tariff rate, most favored nation, simple mean, primary products in Barbados, 1996–2022
Source: Staff estimates. Measured in %.
Analysis
Barbados recorded 23.6% for tariff rate, most favored nation, simple mean, primary products in 2022.
The figure is up 9.0% on the previous year and up 48.1% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, primary products in Barbados peaked at 26.9% in 2001 and was at its lowest, 15.4%, in 2011.
That places Barbados 12th out of 186 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently falling across the 16 years of available data.
Tariff rate, most favored nation, simple mean, primary products in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 26.4% | — |
| 1999 | 26.1% | -1.1% |
| 2000 | 26.0% | -0.2% |
| 2001 | 26.9% | +3.5% |
| 2002 | 26.6% | -1.2% |
| 2003 | 26.5% | -0.5% |
| 2004 | 23.6% | -10.7% |
| 2006 | 21.2% | -10.2% |
| 2007 | 22.6% | +6.5% |
| 2010 | 15.4% | -31.8% |
| 2011 | 15.4% | -0.2% |
| 2012 | 16.0% | +3.8% |
| 2013 | 22.8% | +43.0% |
| 2020 | 21.7% | -4.9% |
| 2021 | 21.7% | -0.1% |
| 2022 | 23.6% | +9.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.2% | 26.1% | 26.4% | 2 |
| 2000s | 24.8% | 21.2% | 26.9% | 7 |
| 2010s | 17.4% | 15.4% | 22.8% | 4 |
| 2020s | 22.3% | 21.7% | 23.6% | 3 |
Countries ranked near Barbados
- 9 Liechtenstein 25.4% compare
- 10 Bahamas 25.0% compare
- 11 India 24.8% compare
- 13 Tunisia 22.8% compare
- 14 Iran, Islamic Republic of 22.2% compare
- 15 Switzerland 21.6% compare
More private sector data for Barbados
- Merchandise trade 33.1% (2025)
- Food imports 22.7% (2024)
- Manufactures imports 52.6% (2024)
- Merchandise imports 2.23 billion current US$ (2025)
- Food exports 43.5% (2024)
- Manufactures exports 39.9% (2024)
- Merchandise exports 428.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,514 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0534 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.16 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, primary products in Barbados?
- Tariff rate, most favored nation, simple mean, primary products in Barbados was 23.6% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, primary products recorded in Barbados?
- The highest recorded value was 26.9% in 2001.
- What is the lowest tariff rate, most favored nation, simple mean, primary products recorded in Barbados?
- The lowest recorded value was 15.4% in 2011.
- How does Barbados rank for tariff rate, most favored nation, simple mean, primary products?
- Barbados ranks 12th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, primary products rising or falling in Barbados?
- Over the last ten years it is up 48.1%. 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, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).