Tariff rate, applied, weighted mean, all products in Cape Verde

Cape Verde: Tariff rate, applied, weighted mean, all products was 12.6% in 2022. ▼ Falling

Latest (2022)
12.6%
Change on year
up 26.1%
World rank
22nd
of 184 countries
All-time high
13.8%
in 2005
All-time low
10.0%
in 2021
Years of data
14
2005–2022

Tariff rate, applied, weighted mean, all products in Cape Verde, 2005–2022

0510152005201320222005: 13.8 %2006: 13.2 %2007: 12.2 %2008: 12.2 %2009: 11.9 %2010: 11.1 %2011: 10.3 %2012: 10.6 %2013: 10.9 %2015: 10.9 %2019: 11.6 %2020: 12.2 %2021: 10 %2022: 12.6 %

Source: Staff estimates. Measured in %.

Analysis

In 2022, tariff rate, applied, weighted mean, all products in Cape Verde stood at 12.6%.

The figure is up 26.1% on the previous year and up 18.5% over ten years.

Over the whole period, tariff rate, applied, weighted mean, all products in Cape Verde peaked at 13.8% in 2005 and was at its lowest, 10.0%, in 2021.

Cape Verde ranks 22nd of 184 countries on this measure, in the top quarter.

The long-run direction has been consistently falling across the 14 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 12.7% 11.9% 13.8% 5
2010s 10.9% 10.3% 11.6% 6
2020s 11.6% 10.0% 12.6% 3

Countries ranked near Cape Verde

  1. 19 Venezuela 12.8% compare
  2. 20 Ethiopia 12.7% compare
  3. 21 Guinea 12.6% compare
  4. 23 Ghana 12.5% compare
  5. 24 Iran 12.1% compare
  6. 25 Guinea-Bissau 11.7% compare
  7. 25 Kenya 11.7% compare

See the full ranking of 185 places →

More private sector data for Cape Verde

All data for Cape Verde →

Frequently asked questions

What is tariff rate, applied, weighted mean, all products in Cape Verde?
Tariff rate, applied, weighted mean, all products in Cape Verde was 12.6% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, all products recorded in Cape Verde?
The highest recorded value was 13.8% in 2005.
What is the lowest tariff rate, applied, weighted mean, all products recorded in Cape Verde?
The lowest recorded value was 10.0% in 2021.
How does Cape Verde rank for tariff rate, applied, weighted mean, all products?
Cape Verde ranks 22nd out of 184 countries with data for 2022.
Is tariff rate, applied, weighted mean, all products rising or falling in Cape Verde?
Over the last ten years it is up 18.5%. The long-run trend across the full record is falling.
Where does this Cape Verde 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.

Download this data

CSV · JSON — 14 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.