Ghana: Tariff rate, most favored nation, simple mean, all products (%)

Key figures

Over five years it is up 0.07 percentage points from 12.05% in 2017. Since 1993 it is down 2.78 percentage points from 14.9% in 1993. The World Bank has no value for 12 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2022, Ghana's tariff rate, most favored nation, simple mean, all products (%) fell 0.05 percentage points on 2021 (from 12.17% to 12.12%).

Across the 12 yearly changes before that (2001 to 2021), the average change was −0.13 percentage points and a typical year strayed about 0.46 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above 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 0.12 percentage points in 2020 and the biggest yearly fall was 1.57 percentage points in 2001. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 0.07 percentage points a year. A straight line explains 45% of the movement over 8 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 2022, Ghana had the 27th highest value of the 140 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 Ghana in the 2022 ranking

• Benin — 27th of 140: 12.12%
• Burkina Faso — 28th of 140: 12.12%
• Gambia, The — 29th of 140: 12.12%
• Guinea — 31st of 140: 12.12%
• Guinea-Bissau — 32nd of 140: 12.12%
• Mali — 33rd of 140: 12.12%

What this measures

Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. 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.

All 18 values

Tariff rate, most favored nation, simple mean, all products (%) in nearby economies

• Angola — 10.89% (2022)
• Benin — 12.12% (2022)
• Botswana — 7.67% (2022)
• Burkina Faso — 12.12% (2022)
• Burundi — 13.55% (2022)
• Cabo Verde — 11.92% (2022)
• Cameroon — 18.03% (2022)
• Central African Republic — 18.03% (2022)
• Chad — 18.03% (2022)

More trade data for Ghana

• Import volume index (2015 = 100) — 90.5 (2024)
• Import value index (2015 = 100) — 113.3 (2024)
• Net barter terms of trade index (2015 = 100) — 148.8 (2024)
• Export volume index (2015 = 100) — 105.3 (2024)
• Export value index (2015 = 100) — 196 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
• Tariff rate, most favored nation, simple mean, primary products (%) — 13.29% (2022)
• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 12.44% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%)

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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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Ghana's tariff rate, most favored nation, simple mean, all products (%)?

12.12% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is down 2.78 percentage points from 14.9% in 1993. The highest value was 14.9% in 1993 and the lowest 12.05% in 2017.

How does Ghana rank?

27th highest of 140 economies with data for 2022.

Is the latest change in tariff rate, most favored nation, simple mean, all products (%) unusual for Ghana?

In 2022, Ghana's tariff rate, most favored nation, simple mean, all products (%) fell 0.05 percentage points on 2021 (from 12.17% to 12.12%). Across the 12 yearly changes before that (2001 to 2021), the average change was −0.13 percentage points and a typical year strayed about 0.46 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.TAX.MRCH.SM.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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