Tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago
Trinidad and Tobago: Tariff rate, most favored nation, simple mean, primary products was 15.1% in 2022. ▼ Falling
Tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago, 1991–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago stood at 15.1%.
Compared with earlier readings it is down 15.1% on the previous year and down 8.5% over ten years.
Over the whole period, tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago peaked at 26.9% in 1999 and was at its lowest, 12.4%, in 2002.
Trinidad and Tobago ranks 48th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 21.5% | — |
| 1992 | 22.0% | +2.7% |
| 1996 | 14.2% | -35.3% |
| 1999 | 26.9% | +88.6% |
| 2001 | 13.8% | -48.7% |
| 2002 | 12.4% | -10.0% |
| 2003 | 12.4% | +0.0% |
| 2004 | 14.3% | +15.2% |
| 2005 | 14.1% | -1.1% |
| 2006 | 13.9% | -1.3% |
| 2007 | 14.9% | +6.9% |
| 2008 | 14.7% | -1.4% |
| 2010 | 15.8% | +7.6% |
| 2011 | 15.8% | -0.1% |
| 2012 | 16.4% | +4.1% |
| 2013 | 16.4% | -0.6% |
| 2021 | 17.7% | +8.4% |
| 2022 | 15.1% | -15.1% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 15.1% is above the median for high income countries, which is 9.0%, 1.7× the median. (66 countries reporting)
- Trinidad and Tobago's 15.1% is above the median for Latin America & Caribbean, which is 10.3%, 1.5× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +88.6% | 14.2% | 26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.2% | 14.2% | 26.9% | 4 |
| 2000s | 13.8% | 12.4% | 14.9% | 8 |
| 2010s | 16.1% | 15.8% | 16.4% | 4 |
| 2020s | 16.4% | 15.1% | 17.7% | 2 |
Countries ranked near Trinidad and Tobago
- 45 Saint Lucia 15.4% compare
- 46 Grenada 15.3% compare
- 47 Jordan 15.2% compare
- 49 Malawi 14.9% compare
- 50 Saint Vincent and the Grenadines 14.4% compare
- 51 Madagascar 13.6% compare
- 51 Samoa 13.6% compare
More private sector data for Trinidad and Tobago
- Merchandise trade 48.6% (2025)
- Food imports 16.4% (2024)
- Manufactures imports 61.9% (2024)
- Merchandise imports 5.80 billion current US$ (2025)
- Food exports 8.2% (2024)
- Manufactures exports 59.1% (2024)
- Merchandise exports 6.82 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,983 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2627 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -13.71 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago?
- Tariff rate, most favored nation, simple mean, primary products in Trinidad and Tobago was 15.1% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, primary products recorded in Trinidad and Tobago?
- The highest recorded value was 26.9% in 1999.
- What is the lowest tariff rate, most favored nation, simple mean, primary products recorded in Trinidad and Tobago?
- The lowest recorded value was 12.4% in 2002.
- How does Trinidad and Tobago rank for tariff rate, most favored nation, simple mean, primary products?
- Trinidad and Tobago ranks 48th out of 186 countries with data for 2022.
- Is tariff rate, most favored nation, simple mean, primary products rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 8.5%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago 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.
Download this data
CSV · JSON — 18 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).