St. Vincent and the Grenadines: Tariff rate, most favored nation, simple mean, primary products (%)

Key figures

What the numbers say

In 2022, St. Vincent and the Grenadines' tariff rate, most favored nation, simple mean, primary products (%) did not change 0 percentage points on 2021 (from 14.44% to 14.44%).

Across the 14 yearly changes before that (2000 to 2021), the average change was −0.4 percentage points and a typical year strayed about 2.26 percentage points from that (the standard deviation). This year's change was 0.2 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 1.46 percentage points in 2007 and the biggest yearly fall was 8.13 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 there is no clear straight-line trend: a straight line explains 8% of the movement over 9 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, St. Vincent and the Grenadines had the 34th highest value of the 140 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 St. Vincent and the Grenadines in the 2022 ranking

• Grenada — 31st of 140: 15.29%
• Jordan — 32nd of 140: 15.22%
• Trinidad and Tobago — 33rd of 140: 15.05%
• Madagascar — 35th of 140: 13.6%
• Benin — 36th of 140: 13.29%
• Burkina Faso — 37th of 140: 13.29%

What this measures

Simple mean most favored nation tariff rate is the unweighted average of most favored nation 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

All 20 values

Tariff rate, most favored nation, simple mean, primary products (%) in nearby economies

• Antigua and Barbuda — 12.88% (2021)
• Argentina — 8.86% (2022)
• Bahamas, The — 24.96% (2022)
• Barbados — 23.65% (2022)
• Belize — 20.03% (2022)
• Bolivia — 11.93% (2022)
• Brazil — 8.86% (2022)
• Chile — 6% (2022)
• Colombia

More trade data for St. Vincent and the Grenadines

• Import volume index (2015 = 100) — 132 (2024)
• Binding coverage, manufactured products (%) — 99.97% (2022)
• Bound rate, simple mean, manufactured products (%) — 53.9% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 7.71% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.61% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 9.46% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 11.52% (2022)
• Binding coverage, all products (%)

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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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is St. Vincent and the Grenadines's tariff rate, most favored nation, simple mean, primary products (%)?

14.44% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 7.6 percentage points from 22.04% in 1996. The highest value was 22.04% in 1996 and the lowest 11.98% in 2006.

How does St. Vincent and the Grenadines rank?

34th highest of 140 economies with data for 2022.

Source

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