Armenia: Tariff rate, applied, weighted mean, all products (%)

Key figures

What the numbers say

In 2021, Armenia's tariff rate, applied, weighted mean, all products (%) rose 0.5 percentage points on 2020 (from 3.11% to 3.61%).

Across the 15 yearly changes before that (2004 to 2020), the average change was −0.07 percentage points and a typical year strayed about 0.46 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 0.54 percentage points in 2015 and the biggest yearly fall was 0.98 percentage points in 2020. 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 the straight-line trend is upward, about 0.16 percentage points a year. A straight line explains 51% of the movement over 9 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Armenia had the 13th 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 Armenia in the 2021 ranking

• Morocco — 10th of 21: 4.23%
• Mozambique — 11th of 21: 4.19%
• Russian Federation — 12th of 21: 4.17%
• Papua New Guinea — 14th of 21: 3.58%
• Kyrgyz Republic — 15th of 21: 3.01%
• United Arab Emirates — 16th of 21: 2.63%

What this measures

Weighted mean applied tariff is the average of effectively applied 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.

All 19 values

Tariff rate, applied, weighted mean, all products (%) in nearby economies

• Albania — 0.26% (2022)
• Austria — 1.33% (2022)
• Azerbaijan — 5.45% (2022)
• Belarus — 2.27% (2021)
• Belgium — 1.33% (2022)
• Bosnia and Herzegovina — 4.04% (2022)
• Bulgaria — 1.33% (2022)
• Croatia — 1.33% (2022)
• Cyprus — 1.33% (2022)
• Czechia

More trade data for Armenia

• Import volume index (2015 = 100) — 372 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 6.43% (2021)
• Tariff rate, most favored nation, simple mean, all products (%) — 6.81% (2021)
• Tariff rate, most favored nation, simple mean, primary products (%) — 7.87% (2021)
• Import value index (2015 = 100) — 528.8 (2024)
• Net barter terms of trade index (2015 = 100) — 108.3 (2024)
• Export volume index (2015 = 100) — 574.4 (2024)
• Export value index (2015 = 100) — 884 (2024)
• Binding coverage, manufactured products (%) — 100% (2021)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Armenia's tariff rate, applied, weighted mean, all products (%)?

3.61% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is up 1.18 percentage points from 2.43% in 2001. The highest value was 4.09% in 2019 and the lowest 1.94% in 2006.

How does Armenia rank?

13th highest of 21 economies with data for 2021.

Is the latest change in tariff rate, applied, weighted mean, all products (%) unusual for Armenia?

In 2021, Armenia's tariff rate, applied, weighted mean, all products (%) rose 0.5 percentage points on 2020 (from 3.11% to 3.61%). Across the 15 yearly changes before that (2004 to 2020), the average change was −0.07 percentage points and a typical year strayed about 0.46 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator TM.TAX.MRCH.WM.AR.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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