Tariff rate, most favored nation, weighted mean, manufactured products in Bahamas
Bahamas: Tariff rate, most favored nation, weighted mean, manufactured products was 18.6% in 2022. ▼ Falling
Tariff rate, most favored nation, weighted mean, manufactured products in Bahamas, 1999–2022
Source: Staff estimates. Measured in %.
Analysis
Bahamas recorded 18.6% for tariff rate, most favored nation, weighted mean, manufactured products in 2022. That is the lowest value across all 11 years on record.
That represents a change of down 41.0% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, manufactured products in Bahamas peaked at 32.1% in 1999 and was at its lowest, 18.6%, in 2022.
That places Bahamas 4th out of 184 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently falling across the 11 years of available data.
Tariff rate, most favored nation, weighted mean, manufactured products in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 1999 | 32.1% | — |
| 2002 | 29.5% | -8.2% |
| 2006 | 29.7% | +0.7% |
| 2010 | 31.3% | +5.6% |
| 2011 | 31.6% | +0.7% |
| 2013 | 28.6% | -9.5% |
| 2014 | 28.5% | -0.3% |
| 2015 | 28.2% | -1.1% |
| 2016 | 26.2% | -6.8% |
| 2018 | 25.5% | -2.7% |
| 2022 | 18.6% | -27.1% |
Bahamas compared with similar countries
- Bahamas's 18.6% is above the median for high income countries, which is 3.2%, 5.7× the median. (64 countries reporting)
- Bahamas's 18.6% is above the median for Latin America & Caribbean, which is 9.3%, 2.0× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32.1% | 32.1% | 32.1% | 1 |
| 2000s | 29.6% | 29.5% | 29.7% | 2 |
| 2010s | 28.6% | 25.5% | 31.6% | 7 |
| 2020s | 18.6% | 18.6% | 18.6% | 1 |
Countries ranked near Bahamas
More private sector data for Bahamas
- Merchandise trade 35.6% (2024)
- Food imports 20.0% (2024)
- Manufactures imports 61.1% (2024)
- Merchandise imports 5.52 billion current US$ (2025)
- Food exports 52.2% (2024)
- Manufactures exports 31.2% (2024)
- Merchandise exports 711.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,764 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0435 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate 3.19 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, manufactured products in Bahamas?
- Tariff rate, most favored nation, weighted mean, manufactured products in Bahamas was 18.6% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, manufactured products recorded in Bahamas?
- The highest recorded value was 32.1% in 1999.
- What is the lowest tariff rate, most favored nation, weighted mean, manufactured products recorded in Bahamas?
- The lowest recorded value was 18.6% in 2022.
- How does Bahamas rank for tariff rate, most favored nation, weighted mean, manufactured products?
- Bahamas ranks 4th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, manufactured products rising or falling in Bahamas?
- Over the last ten years it is down 41.0%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted mean, manufactured products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.