St. Lucia: Tariff rate, applied, simple mean, all products (%)

Key figures

What the numbers say

In 2020, St. Lucia's tariff rate, applied, simple mean, all products (%) rose 0.22 percentage points on 2019 (from 8.71% to 8.93%).

Across the 12 yearly changes before that (2000 to 2019), the average change was −1.15 percentage points and a typical year strayed about 2.09 percentage points from that (the standard deviation). This year's change was 0.7 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 0.69 percentage points in 2013 and the biggest yearly fall was 6.26 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 2011 to 2020 the straight-line trend is downward, about 0.43 percentage points a year. A straight line explains 53% 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.

Closest to St. Lucia in the 2020 ranking

• Dominica — 1st of 5: 10.36%
• St. Kitts and Nevis — 2nd of 5: 10.03%
• Haiti — 4th of 5: 6.39%
• Lebanon — 5th of 5: 5.08%

What this measures

Simple mean applied tariff is the unweighted average of effectively applied 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. 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs.

All 18 values

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

• Antigua and Barbuda — 12.39% (2021)
• Argentina — 11.95% (2022)
• Bahamas, The — 26.31% (2022)
• Barbados — 11.87% (2022)
• Belize — 12.02% (2022)
• Bolivia — 9.83% (2022)
• Brazil — 13.29% (2022)
• Chile — 1.03% (2022)
• Colombia — 3.55% (2022)
• Costa Rica

More trade data for St. Lucia

• Import volume index (2015 = 100) — 130.8 (2024)
• Import value index (2015 = 100) — 174.8 (2024)
• Net barter terms of trade index (2015 = 100) — 96 (2024)
• Export volume index (2015 = 100) — 41.6 (2024)
• Export value index (2015 = 100) — 53.3 (2024)
• Binding coverage, manufactured products (%) — 100% (2020)
• Bound rate, simple mean, manufactured products (%) — 53.41% (2020)
• Tariff rate, applied, simple mean, manufactured products (%) — 7.85% (2020)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 6.88% (2020)

Reading data like this

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Questions people ask

What is St. Lucia's tariff rate, applied, simple mean, all products (%)?

8.93% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 13.02 percentage points from 21.95% in 1996. The highest value was 21.95% in 1996 and the lowest 8.16% in 2015.

Is the latest change in tariff rate, applied, simple mean, all products (%) unusual for St. Lucia?

In 2020, St. Lucia's tariff rate, applied, simple mean, all products (%) rose 0.22 percentage points on 2019 (from 8.71% to 8.93%). Across the 12 yearly changes before that (2000 to 2019), the average change was −1.15 percentage points and a typical year strayed about 2.09 percentage points from that (the standard deviation). This year's change was 0.7 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.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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