Tariff rate, applied, simple mean, all products in Honduras

Honduras: Tariff rate, applied, simple mean, all products was 1.6% in 2022. ▼ Falling

Latest (2022)
1.6%
Change on year
down 51.5%
World rank
172nd
of 184 countries
All-time high
9.6%
in 1995
All-time low
1.6%
in 2022
Years of data
24
1995–2022

Tariff rate, applied, simple mean, all products in Honduras, 1995–2022

2468101995200820221995: 9.6 %1996: 7.2 %1997: 9.2 %1998: 8 %1999: 8 %2000: 8.1 %2001: 7.8 %2002: 6.7 %2003: 6.7 %2004: 5.5 %2005: 6.7 %2006: 6.6 %2007: 5.4 %2008: 4.7 %2009: 6.5 %2010: 6.5 %2011: 6.5 %2012: 6.4 %2013: 6.4 %2015: 4.3 %2018: 4 %2020: 3.9 %2021: 3.4 %2022: 1.6 %

Source: Staff estimates. Measured in %.

Analysis

Honduras recorded 1.6% for tariff rate, applied, simple mean, all products in 2022. That is the lowest value across all 24 years on record.

Compared with earlier readings it is down 51.5% on the previous year and down 74.5% over ten years.

Over the whole period, tariff rate, applied, simple mean, all products in Honduras peaked at 9.6% in 1995 and was at its lowest, 1.6%, in 2022.

That places Honduras 172nd out of 184 countries with data for 2022, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 24 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 8.4% 7.2% 9.6% 5
2000s 6.5% 4.7% 8.1% 10
2010s 5.7% 4.0% 6.5% 6
2020s 3.0% 1.6% 3.9% 3

Countries ranked near Honduras

  1. 169 Montenegro 1.9% compare
  2. 170 Palestine 1.9% compare
  3. 171 Canada 1.8% compare
  4. 173 Iceland 1.3% compare
  5. 174 United Kingdom 1.1% compare
  6. 175 Peru 1.1% compare

See the full ranking of 185 places →

More private sector data for Honduras

All data for Honduras →

Frequently asked questions

What is tariff rate, applied, simple mean, all products in Honduras?
Tariff rate, applied, simple mean, all products in Honduras was 1.6% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, simple mean, all products recorded in Honduras?
The highest recorded value was 9.6% in 1995.
What is the lowest tariff rate, applied, simple mean, all products recorded in Honduras?
The lowest recorded value was 1.6% in 2022.
How does Honduras rank for tariff rate, applied, simple mean, all products?
Honduras ranks 172nd out of 184 countries with data for 2022.
Is tariff rate, applied, simple mean, all products rising or falling in Honduras?
Over the last ten years it is down 74.5%. The long-run trend across the full record is falling.
Where does this Honduras 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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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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.