Tariff rate, applied, weighted mean, all products in Belize

Belize: Tariff rate, applied, weighted mean, all products was 18.1% in 2022. ▲ Rising

Latest (2022)
18.1%
Change on year
up 1.5%
World rank
6th
of 184 countries
All-time high
18.7%
in 2020
All-time low
8.2%
in 2012
Years of data
22
1996–2022

Tariff rate, applied, weighted mean, all products in Belize, 1996–2022

051015201996200920221996: 15.6 %1999: 11.2 %2001: 10.7 %2002: 11.7 %2003: 11.3 %2006: 9.6 %2007: 9.3 %2008: 9 %2009: 11.7 %2010: 11.7 %2011: 8.5 %2012: 8.2 %2013: 10.1 %2014: 10.1 %2015: 10 %2016: 10.5 %2017: 10.4 %2018: 11.1 %2019: 11.2 %2020: 18.7 %2021: 17.8 %2022: 18.1 %

Source: Staff estimates. Measured in %.

Analysis

Belize recorded 18.1% for tariff rate, applied, weighted mean, all products in 2022.

That represents a change of up 1.5% on the previous year and up 121.2% over ten years.

Over the whole period, tariff rate, applied, weighted mean, all products in Belize peaked at 18.7% in 2020 and was at its lowest, 8.2%, in 2012.

That places Belize 6th out of 184 countries with data for 2022, putting it in the top 10%.

The long-run direction has been consistently rising across the 22 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 13.4% 11.2% 15.6% 2
2000s 10.5% 9.0% 11.7% 7
2010s 10.2% 8.2% 11.7% 10
2020s 18.2% 17.8% 18.7% 3

Countries ranked near Belize

  1. 3 Congo 18.2% compare
  2. 3 Equatorial Guinea 18.2% compare
  3. 5 Cameroon 18.1% compare
  4. 7 Djibouti 17.6% compare
  5. 8 Chad 16.8% compare
  6. 9 Gabon 16.6% compare

See the full ranking of 185 places →

More private sector data for Belize

All data for Belize →

Frequently asked questions

What is tariff rate, applied, weighted mean, all products in Belize?
Tariff rate, applied, weighted mean, all products in Belize was 18.1% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, all products recorded in Belize?
The highest recorded value was 18.7% in 2020.
What is the lowest tariff rate, applied, weighted mean, all products recorded in Belize?
The lowest recorded value was 8.2% in 2012.
How does Belize rank for tariff rate, applied, weighted mean, all products?
Belize ranks 6th out of 184 countries with data for 2022.
Is tariff rate, applied, weighted mean, all products rising or falling in Belize?
Over the last ten years it is up 121.2%. The long-run trend across the full record is rising.
Where does this Belize data come from?
The figures come from Staff estimates, published as part of Tariff rate, applied, weighted mean, all products (%). Statizoid updates them automatically from the source API.

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CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Tariff rate, applied, weighted 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

Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. 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 and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. 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.