Tariff rate, most favored nation, weighted mean, all products in Guyana
Guyana: Tariff rate, most favored nation, weighted mean, all products was 11.8% in 2022. ▼ Falling
Tariff rate, most favored nation, weighted mean, all products in Guyana, 1996–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, weighted mean, all products in Guyana stood at 11.8%.
That represents a change of up 86.7% on the previous year and up 10.2% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Guyana peaked at 18.7% in 1996 and was at its lowest, 6.2%, in 2018.
That places Guyana 39th out of 184 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Tariff rate, most favored nation, weighted mean, all products in Guyana, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 18.7% | — |
| 1999 | 15.2% | -18.8% |
| 2000 | 15.5% | +2.2% |
| 2001 | 11.6% | -25.3% |
| 2002 | 11.8% | +2.0% |
| 2003 | 11.5% | -2.9% |
| 2006 | 11.2% | -3.0% |
| 2007 | 11.1% | -0.6% |
| 2008 | 10.5% | -5.1% |
| 2009 | 11.6% | +10.2% |
| 2010 | 11.3% | -2.7% |
| 2011 | 11.1% | -1.2% |
| 2012 | 10.7% | -4.1% |
| 2013 | 11.9% | +11.7% |
| 2015 | 11.4% | -4.4% |
| 2016 | 11.3% | -0.6% |
| 2017 | 11.3% | -0.4% |
| 2018 | 6.2% | -44.8% |
| 2019 | 10.5% | +68.6% |
| 2020 | 9.4% | -10.7% |
| 2021 | 6.3% | -32.8% |
| 2022 | 11.8% | +86.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.0% | 15.2% | 18.7% | 2 |
| 2000s | 11.9% | 10.5% | 15.5% | 8 |
| 2010s | 10.6% | 6.2% | 11.9% | 9 |
| 2020s | 9.1% | 6.3% | 11.8% | 3 |
Countries ranked near Guyana
More private sector data for Guyana
- Merchandise trade 106.7% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 83.1% (2025)
- Merchandise imports 10.22 billion current US$ (2025)
- Food exports 1.5% (2025)
- Manufactures exports 0.5% (2025)
- Merchandise exports 18.69 billion current US$ (2025)
- Merchandise exports (current US$), per capita 22,360 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.6898 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -5.52 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Guyana?
- Tariff rate, most favored nation, weighted mean, all products in Guyana was 11.8% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Guyana?
- The highest recorded value was 18.7% in 1996.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Guyana?
- The lowest recorded value was 6.2% in 2018.
- How does Guyana rank for tariff rate, most favored nation, weighted mean, all products?
- Guyana ranks 39th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Guyana?
- Over the last ten years it is up 10.2%. The long-run trend across the full record is falling.
- Where does this Guyana 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 — 22 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.