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

Palau: Tariff rate, applied, simple mean, all products was 6.8% in 2021. ◆ Volatile

Latest (2021)
6.8%
Change on year
up 0.3%
World rank
87th
of 184 countries
All-time high
21.4%
in 2019
All-time low
2.8%
in 2005
Years of data
12
2005–2021

Tariff rate, applied, simple mean, all products in Palau, 2005–2021

51015202005201320212005: 2.8 %2006: 2.8 %2010: 5 %2011: 4.8 %2012: 4.8 %2015: 5.1 %2016: 5.5 %2017: 14.1 %2018: 15.6 %2019: 21.4 %2020: 6.8 %2021: 6.8 %

Source: Staff estimates. Measured in %.

Analysis

Palau recorded 6.8% for tariff rate, applied, simple mean, all products in 2021.

The figure is up 0.3% on the previous year and up 40.8% over ten years.

Over the whole period, tariff rate, applied, simple mean, all products in Palau peaked at 21.4% in 2019 and was at its lowest, 2.8%, in 2005.

Palau ranks 87th of 184 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 2.8% 2.8% 2.8% 2
2010s 9.5% 4.8% 21.4% 8
2020s 6.8% 6.8% 6.8% 2

Countries ranked near Palau

  1. 84 Turkey 7.5% compare
  2. 85 South Africa 7.3% compare
  3. 86 Namibia 7.1% compare
  4. 88 Bhutan 6.8% compare
  5. 89 Uzbekistan 6.7% compare
  6. 90 Haiti 6.4% compare

See the full ranking of 185 places →

More private sector data for Palau

All data for Palau →

Frequently asked questions

What is tariff rate, applied, simple mean, all products in Palau?
Tariff rate, applied, simple mean, all products in Palau was 6.8% in 2021, according to Staff estimates.
What is the highest tariff rate, applied, simple mean, all products recorded in Palau?
The highest recorded value was 21.4% in 2019.
What is the lowest tariff rate, applied, simple mean, all products recorded in Palau?
The lowest recorded value was 2.8% in 2005.
How does Palau rank for tariff rate, applied, simple mean, all products?
Palau ranks 87th out of 184 countries with data for 2021.
Is tariff rate, applied, simple mean, all products rising or falling in Palau?
Over the last ten years it is up 40.8%. The long-run trend across the full record is volatile.
Where does this Palau 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.