Grenada: Tariff rate, applied, weighted mean, primary products (%)

Key figures

Since 1996 it is down 1.3 percentage points from 15.3% in 1996. The World Bank has no value for 10 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

On record, the biggest yearly rise was 4.55 percentage points in 2011 and the biggest yearly fall was 1.69 percentage points in 2000. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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, Grenada had the 20th 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 Grenada in the 2022 ranking

• Guinea-Bissau — 17th of 139: 15.02%
• Cabo Verde — 18th of 139: 14.73%
• Uganda — 19th of 139: 14.16%
• Guyana — 21st of 139: 13.38%
• Benin — 22nd of 139: 12.27%
• Panama — 23rd of 139: 11.19%

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

All 17 values

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

• Antigua and Barbuda — 13.9% (2021)
• Argentina — 1.08% (2022)
• Bahamas, The — 5.85% (2022)
• Barbados — 20.19% (2022)
• Belize — 38.57% (2022)
• Bolivia — 3.27% (2022)
• Brazil — 1.93% (2022)
• Chile — 0.38% (2022)
• Colombia — 2.26% (2022)
• Costa Rica

More trade data for Grenada

• Import volume index (2015 = 100) — 134.7 (2024)
• Import value index (2015 = 100) — 173.2 (2024)
• Net barter terms of trade index (2015 = 100) — 86.1 (2024)
• Export volume index (2015 = 100) — 92.4 (2024)
• Export value index (2015 = 100) — 102.3 (2024)
• Binding coverage, manufactured products (%) — 99.97% (2022)
• Bound rate, simple mean, manufactured products (%) — 50.58% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 11.75% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.87% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%)

Reading data like this

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Questions people ask

What is Grenada's tariff rate, applied, weighted mean, primary products (%)?

14% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 1.3 percentage points from 15.3% in 1996. The highest value was 15.43% in 2019 and the lowest 6.12% in 2010.

How does Grenada rank?

20th highest of 139 economies with data for 2022.

Where does this data come from?

The World Bank's World Development Indicators, 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….

Source

World Bank, World Development Indicators, indicator TM.TAX.TCOM.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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