Tariff rate, most favored nation, weighted mean, all products (%) in Barbados
Barbados: Tariff rate, most favored nation, weighted mean, all products (%) was 18.4% in 2022. ▼ Falling
Tariff rate, most favored nation, weighted mean, all products in Barbados, 1996–2022
Source: Staff estimates. Measured in %.
Analysis
Barbados recorded 18.4% for tariff rate, most favored nation, weighted mean, all products in 2022.
Compared with earlier readings it is up 17.5% on the previous year and up 111.3% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Barbados peaked at 23.6% in 1996 and was at its lowest, 8.7%, in 2012.
Barbados ranks 7th of 184 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 16 years of available data.
Tariff rate, most favored nation, weighted mean, all products (%) in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 23.6% | — |
| 1999 | 22.8% | -3.6% |
| 2000 | 21.0% | -7.8% |
| 2001 | 20.3% | -3.2% |
| 2002 | 20.8% | +2.2% |
| 2003 | 21.4% | +3.2% |
| 2004 | 20.2% | -5.8% |
| 2006 | 17.1% | -15.2% |
| 2007 | 19.2% | +12.3% |
| 2010 | 15.8% | -18.0% |
| 2011 | 13.2% | -16.6% |
| 2012 | 8.7% | -33.9% |
| 2013 | 15.4% | +77.1% |
| 2020 | 15.6% | +1.2% |
| 2021 | 15.6% | +0.3% |
| 2022 | 18.4% | +17.5% |
Barbados compared with similar countries
- Barbados's 18.4% is above the median for high income countries, which is 2.7%, 6.9× the median. (64 countries reporting)
- Barbados's 18.4% is above the median for Latin America & Caribbean, which is 9.2%, 2.0× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, weighted mean, all products (%) in Barbados 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 |
|---|---|---|---|
| 2013 | +77.1% | 8.7% | 15.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.2% | 22.8% | 23.6% | 2 |
| 2000s | 20.0% | 17.1% | 21.4% | 7 |
| 2010s | 13.2% | 8.7% | 15.8% | 4 |
| 2020s | 16.5% | 15.6% | 18.4% | 3 |
Countries ranked near Barbados
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, weighted mean, all products in Barbados?
- Tariff rate, most favored nation, weighted mean, all products in Barbados was 18.4% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Barbados?
- The highest recorded value was 23.6% in 1996.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Barbados?
- The lowest recorded value was 8.7% in 2012.
- How does Barbados rank for tariff rate, most favored nation, weighted mean, all products?
- Barbados ranks 7th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Barbados?
- Over the last ten years it is up 111.3%. 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, weighted mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Weighted mean most favored nations tariff is the average of most favored nation rates weighted by the product import shares corresponding to each partner country. 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 and import weights. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database.