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

Palau: Tariff rate, applied, simple mean, primary products was 16.9% in 2021. ◆ Volatile

Latest (2021)
16.9%
Change on year
up 1.1%
World rank
40th
of 184 countries
All-time high
88.5%
in 2019
All-time low
1.3%
in 2005
Years of data
12
2005–2021

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

0204060802005201320212005: 1.3 %2006: 1.3 %2010: 7.5 %2011: 6.9 %2012: 6.5 %2015: 11.4 %2016: 11 %2017: 59.5 %2018: 65.5 %2019: 88.5 %2020: 16.7 %2021: 16.9 %

Source: Staff estimates. Measured in %.

Analysis

In 2021, tariff rate, applied, simple mean, primary products in Palau stood at 16.9%.

That represents a change of up 1.1% on the previous year and up 143.3% over ten years.

Over the whole period, tariff rate, applied, simple mean, primary products in Palau peaked at 88.5% in 2019 and was at its lowest, 1.3%, in 2005.

Palau ranks 40th of 184 countries on this measure, in the top quarter.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 1.3% 1.3% 1.3% 2
2010s 32.1% 6.5% 88.5% 8
2020s 16.8% 16.7% 16.9% 2

Countries ranked near Palau

  1. 37 Guinea-Bissau 17.2% compare
  2. 38 Papua New Guinea 17.1% compare
  3. 39 Norway 16.9% compare
  4. 41 Cape Verde 16.8% compare
  5. 42 Ghana 16.5% compare
  6. 43 Mauritania 16.4% 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, primary products in Palau?
Tariff rate, applied, simple mean, primary products in Palau was 16.9% in 2021, according to Staff estimates.
What is the highest tariff rate, applied, simple mean, primary products recorded in Palau?
The highest recorded value was 88.5% in 2019.
What is the lowest tariff rate, applied, simple mean, primary products recorded in Palau?
The lowest recorded value was 1.3% in 2005.
How does Palau rank for tariff rate, applied, simple mean, primary products?
Palau ranks 40th out of 184 countries with data for 2021.
Is tariff rate, applied, simple mean, primary products rising or falling in Palau?
Over the last ten years it is up 143.3%. 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, primary products (%). Statizoid updates them automatically from the source API.

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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Tariff rate, applied, simple mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).