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

Key figures

Over five years it is up 1.6 percentage points from 11.1% in 2017. Since 1993 it is up 2.7 percentage points from 10% in 1993. The World Bank has no value for 13 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, weighted mean, all products (%) rose 1.68 percentage points on 2021 (from 11.02% to 12.7%).

Across the 11 yearly changes before that (2001 to 2021), the average change was −0.57 percentage points and a typical year strayed about 2.24 percentage points from that (the standard deviation). This year's change was 1.0 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 1.68 percentage points in 2022 and the biggest yearly fall was 7.15 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 upward, about 0.18 percentage points a year. A straight line explains 47% 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 22nd highest value of the 139 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

• Grenada — 19th of 139: 12.98%
• Uganda — 20th of 139: 12.81%
• Cabo Verde — 21st of 139: 12.71%
• St. Vincent and the Grenadines — 23rd of 139: 12.59%
• Nepal — 24th of 139: 12.44%
• Mali — 25th of 139: 11.95%

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.

All 17 values

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

• Angola — 8.85% (2022)
• Benin — 11.23% (2022)
• Botswana — 6.9% (2022)
• Burkina Faso — 9.55% (2022)
• Burundi — 16.36% (2022)
• Cabo Verde — 12.71% (2022)
• Cameroon — 18.08% (2022)
• Central African Republic — 14.48% (2022)
• Chad

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, all products (%) — 12.12% (2022)
• Tariff rate, most favored nation, simple mean, primary products (%) — 13.29% (2022)
• Binding coverage, manufactured products (%) — 0% (2022)

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

12.7% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 2.7 percentage points from 10% in 1993. The highest value was 16.2% in 2000 and the lowest 8.6% in 2008.

How does Ghana rank?

22nd highest of 139 economies with data for 2022.

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

In 2022, Ghana's tariff rate, most favored nation, weighted mean, all products (%) rose 1.68 percentage points on 2021 (from 11.02% to 12.7%). Across the 11 yearly changes before that (2001 to 2021), the average change was −0.57 percentage points and a typical year strayed about 2.24 percentage points from that (the standard deviation). This year's change was 1.0 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.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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