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

Key figures

What the numbers say

On record, the biggest yearly rise was 6.42 percentage points in 2005 and the biggest yearly fall was 0.96 percentage points in 2018. 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, Guinea had the 14th 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 Guinea in the 2022 ranking

• Togo — 11th of 139: 13.56%
• Grenada — 12th of 139: 12.98%
• Venezuela, RB — 13th of 139: 12.84%
• Cabo Verde — 15th of 139: 12.56%
• Ghana — 16th of 139: 12.51%
• Guinea-Bissau — 17th of 139: 11.7%

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 13 values

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

• Angola — 8.85% (2022)
• Benin — 10.16% (2022)
• Botswana — 3.23% (2022)
• Burkina Faso — 7.25% (2022)
• Burundi — 8.96% (2022)
• Cabo Verde — 12.56% (2022)
• Cameroon — 18.08% (2022)
• Central African Republic — 14.48% (2022)
• Chad — 16.8% (2022)
• Comoros

More trade data for Guinea

• Import volume index (2015 = 100) — 212.8 (2024)
• Import value index (2015 = 100) — 269.3 (2024)
• Net barter terms of trade index (2015 = 100) — 132 (2024)
• Export volume index (2015 = 100) — 332.2 (2024)
• Export value index (2015 = 100) — 554.6 (2024)
• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 12.3% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 11.72% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

12.6% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1998?

It is up 6.63 percentage points from 5.97% in 1998. The highest value was 12.6% in 2022 and the lowest 5.97% in 1998.

How does Guinea rank?

14th 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.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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