Tariff rate, applied, simple mean, all products in Equatorial Guinea

Equatorial Guinea: Tariff rate, applied, simple mean, all products was 20.0% in 2022. ▬ Flat

Latest (2022)
20.0%
World rank
3rd
of 184 countries
All-time high
20.0%
in 2022
All-time low
18.6%
in 2007
Years of data
6
1998–2022

Tariff rate, applied, simple mean, all products in Equatorial Guinea, 1998–2022

051015201998201020221998: 19.4 %2001: 19.3 %2002: 19.3 %2005: 19.1 %2007: 18.6 %2022: 20 %

Source: Staff estimates. Measured in %.

Analysis

In 2022, tariff rate, applied, simple mean, all products in Equatorial Guinea stood at 20.0%. That is the highest value across all 6 years on record.

The figure is up 7.1% over ten years.

Over the whole period, tariff rate, applied, simple mean, all products in Equatorial Guinea peaked at 20.0% in 2022 and was at its lowest, 18.6%, in 2007.

That places Equatorial Guinea 3rd out of 184 countries with data for 2022, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
1990s 19.4% 19.4% 19.4% 1
2000s 19.1% 18.6% 19.3% 4
2020s 20.0% 20.0% 20.0% 1

Countries ranked near Equatorial Guinea

  1. 1 Bahamas 26.3% compare
  2. 2 Bermuda 22.3% compare
  3. 4 Central African Republic 19.3% compare
  4. 5 Congo 19.2% compare
  5. 6 Djibouti 18.9% compare

See the full ranking of 185 places →

More private sector data for Equatorial Guinea

All data for Equatorial Guinea →

Frequently asked questions

What is tariff rate, applied, simple mean, all products in Equatorial Guinea?
Tariff rate, applied, simple mean, all products in Equatorial Guinea was 20.0% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, simple mean, all products recorded in Equatorial Guinea?
The highest recorded value was 20.0% in 2022.
What is the lowest tariff rate, applied, simple mean, all products recorded in Equatorial Guinea?
The lowest recorded value was 18.6% in 2007.
How does Equatorial Guinea rank for tariff rate, applied, simple mean, all products?
Equatorial Guinea ranks 3rd out of 184 countries with data for 2022.
Is tariff rate, applied, simple mean, all products rising or falling in Equatorial Guinea?
Over the last ten years it is up 7.1%. The long-run trend across the full record is flat.
Where does this Equatorial Guinea 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.

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About this data

Indicator
Tariff rate, applied, simple mean, all products (%)
Unit
%
Source
Staff estimates
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
185 places, 3,798 data points, 1988–2022
Last refreshed

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.