Tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago
Trinidad and Tobago: Tariff rate, most favored nation, weighted mean, all products was 7.5% in 2022. ▼ Falling
Tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago, 1991–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago stood at 7.5%.
The figure is down 15.3% on the previous year and down 17.1% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago peaked at 17.9% in 1999 and was at its lowest, 4.9%, in 2002.
Trinidad and Tobago ranks 86th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 13.2% | — |
| 1992 | 15.1% | +14.8% |
| 1996 | 7.2% | -52.4% |
| 1999 | 17.9% | +148.6% |
| 2001 | 6.6% | -63.2% |
| 2002 | 4.9% | -25.0% |
| 2003 | 5.5% | +11.0% |
| 2004 | 6.2% | +14.1% |
| 2005 | 8.3% | +33.2% |
| 2006 | 12.5% | +50.5% |
| 2007 | 10.7% | -14.7% |
| 2008 | 14.3% | +34.2% |
| 2010 | 8.6% | -39.7% |
| 2011 | 8.6% | +0.1% |
| 2012 | 9.1% | +5.1% |
| 2013 | 9.0% | -0.3% |
| 2021 | 8.9% | -1.8% |
| 2022 | 7.5% | -15.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 7.5% is above the median for high income countries, which is 2.7%, 2.8× the median. (64 countries reporting)
- Trinidad and Tobago's 7.5% is below the median for Latin America & Caribbean, which is 9.2%, 82% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago 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 | +148.6% | 7.2% | 17.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.3% | 7.2% | 17.9% | 4 |
| 2000s | 8.6% | 4.9% | 14.3% | 8 |
| 2010s | 8.8% | 8.6% | 9.1% | 4 |
| 2020s | 8.2% | 7.5% | 8.9% | 2 |
Countries ranked near Trinidad and Tobago
- 83 Namibia 7.7% compare
- 84 Türkiye 7.6% compare
- 85 Côte d'Ivoire 7.6% compare
- 87 Nicaragua 7.2% compare
- 88 Mozambique 7.2% compare
- 89 Azerbaijan 7.2% compare
- 89 Jordan 7.2% compare
More private sector data for Trinidad and Tobago
- Merchandise trade 48.6% (2025)
- Food imports 16.4% (2024)
- Manufactures imports 61.9% (2024)
- Merchandise imports 5.80 billion current US$ (2025)
- Food exports 8.2% (2024)
- Manufactures exports 59.1% (2024)
- Merchandise exports 6.82 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,983 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2627 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -13.71 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago?
- Tariff rate, most favored nation, weighted mean, all products in Trinidad and Tobago was 7.5% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, all products recorded in Trinidad and Tobago?
- The highest recorded value was 17.9% in 1999.
- What is the lowest tariff rate, most favored nation, weighted mean, all products recorded in Trinidad and Tobago?
- The lowest recorded value was 4.9% in 2002.
- How does Trinidad and Tobago rank for tariff rate, most favored nation, weighted mean, all products?
- Trinidad and Tobago ranks 86th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, all products rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 17.1%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago 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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CSV · JSON — 18 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.