{"entity":{"iso2":"AU","iso3":"AUS","name":"Australia","slug":"australia"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"tariff-rate-most-favored-nation-weighted-mean-all-products-percent","source":"Staff estimates","source_url":"https://data.worldbank.org/indicator/TM.TAX.MRCH.WM.FN.ZS","title":"Tariff rate, most favored nation, weighted mean, all products (%)","unit":"%"},"observations":[{"date":"1991-01-01","value":19.87},{"date":"1993-01-01","value":11.01},{"date":"1996-01-01","value":6.91},{"date":"1997-01-01","value":6.93},{"date":"1998-01-01","value":6.6},{"date":"1999-01-01","value":6.21},{"date":"2000-01-01","value":5.95},{"date":"2001-01-01","value":4.91},{"date":"2002-01-01","value":3.99},{"date":"2003-01-01","value":4.05},{"date":"2004-01-01","value":4.0},{"date":"2005-01-01","value":3.3},{"date":"2006-01-01","value":4.09},{"date":"2007-01-01","value":4.26},{"date":"2008-01-01","value":3.88},{"date":"2009-01-01","value":3.96},{"date":"2010-01-01","value":3.61},{"date":"2011-01-01","value":2.47},{"date":"2012-01-01","value":2.58},{"date":"2013-01-01","value":2.63},{"date":"2014-01-01","value":2.69},{"date":"2015-01-01","value":2.72},{"date":"2016-01-01","value":2.71},{"date":"2017-01-01","value":2.9},{"date":"2018-01-01","value":2.86},{"date":"2019-01-01","value":2.72},{"date":"2020-01-01","value":2.73},{"date":"2021-01-01","value":2.86},{"date":"2022-01-01","value":2.84}],"summary":{"latest_period":"2022-01-01","latest_value":2.84,"max":19.87,"mean":4.69793,"min":2.47,"of":184,"rank":145,"trend":"volatile"}}