Antigua and Barbuda's tariff rate, most favored nation, weighted mean, primary products (%) was 17.92% in 2021, the latest year in the World Bank's World Development Indicators. That is up 8.64 percentage points from 9.28% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 17.92% | 2021 |
| Five years earlier | 12.26% | 2016 |
| Ten years earlier | 9.28% | 2011 |
| Highest | 19.16% | 2013 |
| Lowest | 9.02% | 2014 |
| Average since 2012 | 15.64% | 2012–2021 |
| First recorded | 19.15% | 1996 |
What the numbers say
In 2021, Antigua and Barbuda's tariff rate, most favored nation, weighted mean, primary products (%) did not change 0 percentage points on 2020 (from 17.92% to 17.92%).
Across the 21 yearly changes before that (2000 to 2020), the average change was +0.01 percentage points and a typical year strayed about 3.85 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 6.49 percentage points in 2013 and the biggest yearly fall was 10.14 percentage points in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 30% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Antigua and Barbuda had the 4th highest value of the 21 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Antigua and Barbuda in the 2021 ranking
What this measures
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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).
All 24 values
| Year | Tariff rate, most favored nation, weighted mean, primary products (%) |
|---|---|
| 2021 | 17.92 |
| 2020 | 17.92 |
| 2019 | 17.92 |
| 2018 | 18.72 |
| 2017 | 18.29 |
| 2016 | 12.26 |
| 2015 | 12.52 |
| 2014 | 9.02 |
| 2013 | 19.16 |
| 2012 | 12.67 |
| 2011 |
Tariff rate, most favored nation, weighted mean, primary products (%) in nearby economies
- Argentina — 4.72% (2022)
- Bahamas, The — 5.85% (2022)
- Barbados — 28.6% (2022)
- Belize — 44.87% (2022)
- Bolivia — 13.34% (2022)
- Brazil — 4.36% (2022)
- Chile — 6% (2022)
- Colombia — 13.32% (2022)
- Costa Rica
More trade data for Antigua and Barbuda
- Binding coverage, manufactured products (%) — 99.97% (2021)
- Bound rate, simple mean, manufactured products (%) — 52.08% (2021)
- Tariff rate, applied, simple mean, manufactured products (%) — 11.51% (2021)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.86% (2021)
- Tariff rate, applied, weighted mean, manufactured products (%) — 13.07% (2021)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 13.73% (2021)
- Binding coverage, all products (%) — 97.5% (2021)
- Bound rate, simple mean, all products (%) — 58.75% (2021)
Reading data like this
Questions people ask
- What is Antigua and Barbuda's tariff rate, most favored nation, weighted mean, primary products (%)?
- 17.92% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1996?
- It is down 1.23 percentage points from 19.15% in 1996. The highest value was 19.16% in 2013 and the lowest 9.02% in 2014.
- How does Antigua and Barbuda rank?
- 4th highest of 21 economies with data for 2021.
- Is the latest change in tariff rate, most favored nation, weighted mean, primary products (%) unusual for Antigua and Barbuda?
Source
World Bank, World Development Indicators, indicator TM.TAX.TCOM.WM.FN.ZS, licensed CC BY 4.0. Original source: Staff estimates; World Integrated Trade Solution system (WITS), World Bank (WB); Trade Analysis and Information System (TRAINS), UN Conference on Trade and Development (UNCTAD); Integrated Data Base (IDB), World Trade Organization (WTO); Consolidated Tariff Schedules (CTS), World Trade Organization… Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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