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% |
Bermuda compared with similar countries
- Bermuda's 29.5% is above the median for high income countries, which is 2.7%, 11.0× the median. (64 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, weighted mean, all products (%) in Bermuda 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 |
|---|---|---|---|
| 2019 | +273.9% | 27.6% | 103.2% |
| 2020 | -76.7% | 103.2% | 24.1% |
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 22.8% (2025)
- Manufactures imports 56.5% (2025)
- Merchandise imports 1.25 billion current US$ (2025)
- Commercial service imports 1.30 billion current US$ (2025)
- Food exports 1.1% (2025)
- Manufactures exports 98.2% (2025)
- Merchandise exports 43.00 million current US$ (2025)
- Commercial service exports 1.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 666.1 current US$ per person (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.