Tariff rate, most favored nation, weighted mean, all products in Bermuda
Bermuda: Tariff rate, most favored nation, weighted mean, all products was 29.5% in 2022. ◆ Volatile
Tariff rate, most favored nation, weighted mean, all products in Bermuda, 2007–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, weighted mean, all products in Bermuda stood at 29.5%.
That represents a change of up 23.8% on the previous year and up 69.3% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Bermuda peaked at 103.2% in 2019 and was at its lowest, 15.3%, in 2014.
That places Bermuda 1st out of 184 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Tariff rate, most favored nation, weighted mean, all products in Bermuda, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 18.8% | — |
| 2008 | 19.0% | +1.2% |
| 2009 | 18.7% | -1.6% |
| 2010 | 18.6% | -0.4% |
| 2011 | 17.1% | -8.3% |
| 2012 | 17.4% | +2.2% |
| 2013 | 17.2% | -1.2% |
| 2014 | 15.3% | -11.4% |
| 2015 | 18.7% | +22.3% |
| 2016 | 18.7% | +0.3% |
| 2017 | 20.9% | +11.3% |
| 2018 | 27.6% | +32.3% |
| 2019 | 103.2% | +273.9% |
| 2020 | 24.1% | -76.7% |
| 2021 | 23.8% | -1.0% |
| 2022 | 29.5% | +23.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.8% | 18.7% | 19.0% | 3 |
| 2010s | 27.5% | 15.3% | 103.2% | 10 |
| 2020s | 25.8% | 23.8% | 29.5% | 3 |
Countries ranked near Bermuda
More private sector data for Bermuda
- Merchandise trade 14.6% (2024)
- Food imports 21.5% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 1.25 billion current US$ (2025)
- Food exports 1.8% (2024)
- Manufactures exports 59.9% (2024)
- Merchandise exports 43.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 666.1 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0074 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate -36.76 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Bermuda?
- Tariff rate, most favored nation, weighted mean, all products in Bermuda was 29.5% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Bermuda?
- The highest recorded value was 103.2% in 2019.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Bermuda?
- The lowest recorded value was 15.3% in 2014.
- How does Bermuda rank for tariff rate, most favored nation, weighted mean, all products?
- Bermuda ranks 1st out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Bermuda?
- Over the last ten years it is up 69.3%. The long-run trend across the full record is volatile.
- Where does this Bermuda 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.