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

Key figures

What the numbers say

In 2020, St. Lucia's tariff rate, applied, weighted mean, all products (%) fell 7.62 percentage points on 2019 (from 16.7% to 9.08%).

Across the 12 yearly changes before that (2000 to 2019), the average change was −0.41 percentage points and a typical year strayed about 2.29 percentage points from that (the standard deviation). This year's change was 3.2 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 3.8 percentage points in 2013 and the biggest yearly fall was 7.62 percentage points in 2020. 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 upward, about 0.68 percentage points a year. A straight line explains 42% 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

• St. Kitts and Nevis — 2nd of 5: 8.84%
• Dominica — 3rd of 5: 7.84%
• Haiti — 4th of 5: 6.76%

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 18 values

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

• Antigua and Barbuda — 13.07% (2021)
• Argentina — 6.45% (2022)
• Bahamas, The — 16.34% (2022)
• Barbados — 14.58% (2022)
• Belize — 18.05% (2022)
• Bolivia — 5.08% (2022)
• Brazil — 7.26% (2022)
• Chile — 0.46% (2022)
• Colombia — 2.83% (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, weighted mean, all products (%)?

9.08% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 9.44 percentage points from 18.52% in 1996. The highest value was 18.52% in 1996 and the lowest 5.8% in 2011.

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

In 2020, St. Lucia's tariff rate, applied, weighted mean, all products (%) fell 7.62 percentage points on 2019 (from 16.7% to 9.08%). Across the 12 yearly changes before that (2000 to 2019), the average change was −0.41 percentage points and a typical year strayed about 2.29 percentage points from that (the standard deviation). This year's change was 3.2 standard deviations below that average, so it was unusually large compared with the rest of the record.

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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