Tariff rate, applied, simple mean, all products in Bermuda
Bermuda: Tariff rate, applied, simple mean, all products was 22.3% in 2022. ▲ Rising
Tariff rate, applied, simple mean, all products in Bermuda, 2007–2022
Source: Staff estimates. Measured in %.
Analysis
Bermuda recorded 22.3% for tariff rate, applied, simple mean, all products in 2022.
That represents a change of up 0.2% on the previous year and up 21.1% over ten years.
Over the whole period, tariff rate, applied, simple mean, all products in Bermuda peaked at 40.0% in 2019 and was at its lowest, 18.1%, in 2014.
Bermuda ranks 2nd of 184 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.2% | 19.1% | 19.3% | 3 |
| 2010s | 21.4% | 18.1% | 40.0% | 10 |
| 2020s | 22.3% | 22.2% | 22.3% | 3 |
Countries ranked near Bermuda
- 1 Bahamas 26.3% compare
- 3 Equatorial Guinea 20.0% compare
- 4 Central African Republic 19.3% compare
- 5 Congo 19.2% compare
More private sector data for Bermuda
- Food imports 21.5% (2024)
- Merchandise exports 43.00 million current US$ (2025)
- Manufactures exports 59.9% (2024)
- Food exports 1.8% (2024)
- Merchandise trade 14.6% (2024)
- Manufactures imports 54.6% (2024)
- Merchandise imports 1.25 billion current US$ (2025)
- Commercial service exports 1.53 billion current US$ (2023)
- Transport services 24.6% (2023)
- Computer, communications and other services 32.8% (2023)
Frequently asked questions
- What is tariff rate, applied, simple mean, all products in Bermuda?
- Tariff rate, applied, simple mean, all products in Bermuda was 22.3% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, all products recorded in Bermuda?
- The highest recorded value was 40.0% in 2019.
- What is the lowest tariff rate, applied, simple mean, all products recorded in Bermuda?
- The lowest recorded value was 18.1% in 2014.
- How does Bermuda rank for tariff rate, applied, simple mean, all products?
- Bermuda ranks 2nd out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, all products rising or falling in Bermuda?
- Over the last ten years it is up 21.1%. The long-run trend across the full record is rising.
- Where does this Bermuda data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, simple mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.