Tariff rate, most favored nation, weighted mean, all products (%) in Nicaragua
Nicaragua: Tariff rate, most favored nation, weighted mean, all products (%) was 7.2% in 2022. ▬ Flat
Tariff rate, most favored nation, weighted mean, all products in Nicaragua, 1995–2022
Source: Staff estimates. Measured in %.
Analysis
The most recent figure for tariff rate, most favored nation, weighted mean, all products in Nicaragua is 7.2%, measured in 2022.
That represents a change of up 2.4% on the previous year and up 35.8% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Nicaragua peaked at 11.0% in 1999 and was at its lowest, 4.7%, in 2000.
That places Nicaragua 87th out of 184 countries with data for 2022, putting it in the middle of the range.
Tariff rate, most favored nation, weighted mean, all products (%) in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 8.4% | — |
| 1996 | 8.3% | -1.9% |
| 1997 | 5.9% | -28.1% |
| 1998 | 5.9% | +0.0% |
| 1999 | 11.0% | +85.2% |
| 2000 | 4.7% | -57.4% |
| 2001 | 5.6% | +19.4% |
| 2002 | 5.2% | -6.8% |
| 2003 | 5.1% | -2.5% |
| 2004 | 5.8% | +14.1% |
| 2005 | 5.5% | -6.0% |
| 2006 | 4.8% | -11.7% |
| 2007 | 5.8% | +19.7% |
| 2008 | 5.3% | -7.5% |
| 2009 | 5.7% | +5.8% |
| 2010 | 5.3% | -6.7% |
| 2011 | 5.4% | +2.1% |
| 2012 | 5.3% | -0.7% |
| 2013 | 5.7% | +6.0% |
| 2014 | 5.7% | +0.2% |
| 2015 | 5.9% | +4.4% |
| 2016 | 6.7% | +13.0% |
| 2017 | 6.9% | +3.1% |
| 2018 | 6.7% | -2.6% |
| 2019 | 7.0% | +4.3% |
| 2020 | 7.5% | +6.8% |
| 2021 | 7.1% | -5.5% |
| 2022 | 7.2% | +2.4% |
Nicaragua compared with similar countries
- Nicaragua's 7.2% is below the median for lower middle income countries, which is 9.2%, 79% of the median. (46 countries reporting)
- Nicaragua's 7.2% is below the median for Latin America & Caribbean, which is 9.2%, 79% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, weighted mean, all products (%) in Nicaragua 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 |
|---|---|---|---|
| 1999 | +85.2% | 5.9% | 11.0% |
| 2000 | -57.4% | 11.0% | 4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.9% | 5.9% | 11.0% | 5 |
| 2000s | 5.3% | 4.7% | 5.8% | 10 |
| 2010s | 6.1% | 5.3% | 7.0% | 10 |
| 2020s | 7.3% | 7.1% | 7.5% | 3 |
Countries ranked near Nicaragua
- 84 Turkey 7.6% compare
- 85 Cote d'Ivoire 7.6% compare
- 86 Trinidad and Tobago 7.5% compare
- 88 Mozambique 7.2% compare
- 89 Azerbaijan 7.2% compare
- 89 Jordan 7.2% compare
More private sector data for Nicaragua
- Merchandise trade 95.9% (2025)
- Food imports 16.6% (2024)
- Manufactures imports 68.6% (2024)
- Merchandise imports 12.43 billion current US$ (2025)
- Commercial service imports 1.28 billion current US$ (2024)
- Food exports 42.6% (2024)
- Manufactures exports 37.0% (2024)
- Merchandise exports 8.89 billion current US$ (2025)
- Commercial service exports 1.19 billion current US$ (2024)
- Merchandise exports (current US$), per capita 1,269 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Nicaragua?
- Tariff rate, most favored nation, weighted mean, all products in Nicaragua was 7.2% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Nicaragua?
- The highest recorded value was 11.0% in 1999.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Nicaragua?
- The lowest recorded value was 4.7% in 2000.
- How does Nicaragua rank for tariff rate, most favored nation, weighted mean, all products?
- Nicaragua ranks 87th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Nicaragua?
- Over the last ten years it is up 35.8%. The long-run trend across the full record is flat.
- Where does this Nicaragua 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.
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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.