Low income - Tariff rate, most favored nation, weighted mean, all products (%)

Tariff rate, most favored nation, weighted mean, all products (%) in Low income was 10.50 as of 2017. Its highest value over the past 24 years was 33.57 in 2008, while its lowest value was 9.12 in 2004.

Definition: 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.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate

See also:

Year Value
1993 14.89
1994 19.00
1995 11.35
1996 25.64
1997 15.75
1998 16.57
1999 14.47
2000 11.46
2001 9.76
2002 12.82
2003 10.98
2004 9.12
2005 10.99
2006 10.37
2007 10.53
2008 33.57
2009 9.12
2010 10.45
2011 9.57
2012 9.76
2013 10.33
2014 9.52
2015 10.48
2016 9.51
2017 10.50

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs