Tariff rate, most favored nation, weighted mean, all products in Sri Lanka
Sri Lanka: Tariff rate, most favored nation, weighted mean, all products was 4.7% in 2021. ◆ Volatile
Tariff rate, most favored nation, weighted mean, all products in Sri Lanka, 1990–2021
Source: Staff estimates. Measured in %.
Analysis
Sri Lanka recorded 4.7% for tariff rate, most favored nation, weighted mean, all products in 2021. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 30.6% on the previous year and down 43.5% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Sri Lanka peaked at 31.3% in 1993 and was at its lowest, 4.7%, in 2021.
Sri Lanka ranks 129th of 184 countries on this measure, in the middle of the range.
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 Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 29.0% | — |
| 1993 | 31.3% | +8.0% |
| 1994 | 31.2% | -0.1% |
| 1997 | 26.0% | -16.9% |
| 1998 | 9.9% | -61.7% |
| 2000 | 7.0% | -30.1% |
| 2001 | 6.8% | -2.9% |
| 2003 | 6.5% | -4.0% |
| 2004 | 7.0% | +8.5% |
| 2005 | 7.9% | +12.2% |
| 2006 | 7.5% | -4.3% |
| 2007 | 7.7% | +1.3% |
| 2008 | 7.6% | -0.8% |
| 2009 | 7.9% | +4.1% |
| 2010 | 8.6% | +9.2% |
| 2011 | 8.3% | -3.9% |
| 2012 | 7.7% | -7.4% |
| 2014 | 7.7% | +0.5% |
| 2015 | 5.0% | -34.7% |
| 2017 | 9.2% | +81.7% |
| 2018 | 12.5% | +36.9% |
| 2019 | 14.0% | +11.6% |
| 2020 | 6.7% | -51.8% |
| 2021 | 4.7% | -30.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.5% | 9.9% | 31.3% | 5 |
| 2000s | 7.3% | 6.5% | 7.9% | 9 |
| 2010s | 9.1% | 5.0% | 14.0% | 8 |
| 2020s | 5.7% | 4.7% | 6.7% | 2 |
Countries ranked near Sri Lanka
More private sector data for Sri Lanka
- Merchandise trade 32.2% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 59.7% (2024)
- Merchandise imports 21.48 billion current US$ (2025)
- Food exports 27.3% (2024)
- Manufactures exports 66.0% (2024)
- Merchandise exports 13.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 624.24 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1248 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.33 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Sri Lanka?
- Tariff rate, most favored nation, weighted mean, all products in Sri Lanka was 4.7% in 2021, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Sri Lanka?
- The highest recorded value was 31.3% in 1993.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Sri Lanka?
- The lowest recorded value was 4.7% in 2021.
- How does Sri Lanka rank for tariff rate, most favored nation, weighted mean, all products?
- Sri Lanka ranks 129th out of 184 countries with data for 2021.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Sri Lanka?
- Over the last ten years it is down 43.5%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka 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 — 24 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.