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

Grenada: Tariff rate, applied, weighted mean, all products was 13.0% in 2022. ▼ Falling

Latest (2022)
13.0%
Change on year
up 20.3%
World rank
18th
of 184 countries
All-time high
18.6%
in 1996
All-time low
7.8%
in 2010
Years of data
17
1996–2022

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

051015201996200920221996: 18.6 %1999: 16.2 %2000: 11.3 %2001: 15.8 %2002: 12 %2003: 11.4 %2006: 8.8 %2007: 9.5 %2008: 9.4 %2010: 7.8 %2011: 11.2 %2012: 12.1 %2013: 11.2 %2015: 11.9 %2016: 12.4 %2019: 10.8 %2022: 13 %

Source: Staff estimates. Measured in %.

Analysis

The most recent figure for tariff rate, applied, weighted mean, all products in Grenada is 13.0%, measured in 2022.

That represents a change of up 20.3% on the previous year and up 7.7% over ten years.

Over the whole period, tariff rate, applied, weighted mean, all products in Grenada peaked at 18.6% in 1996 and was at its lowest, 7.8%, in 2010.

That places Grenada 18th out of 184 countries with data for 2022, putting it in the top 10%.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 17.4% 16.2% 18.6% 2
2000s 11.2% 8.8% 15.8% 7
2010s 11.1% 7.8% 12.4% 7
2020s 13.0% 13.0% 13.0% 1

Countries ranked near Grenada

  1. 15 Sierra Leone 13.7% compare
  2. 16 Togo 13.6% compare
  3. 17 Antigua and Barbuda 13.1% compare
  4. 19 Venezuela 12.8% compare
  5. 20 Ethiopia 12.7% compare
  6. 21 Guinea 12.6% compare

See the full ranking of 185 places →

More private sector data for Grenada

All data for Grenada →

Frequently asked questions

What is tariff rate, applied, weighted mean, all products in Grenada?
Tariff rate, applied, weighted mean, all products in Grenada was 13.0% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, all products recorded in Grenada?
The highest recorded value was 18.6% in 1996.
What is the lowest tariff rate, applied, weighted mean, all products recorded in Grenada?
The lowest recorded value was 7.8% in 2010.
How does Grenada rank for tariff rate, applied, weighted mean, all products?
Grenada ranks 18th out of 184 countries with data for 2022.
Is tariff rate, applied, weighted mean, all products rising or falling in Grenada?
Over the last ten years it is up 7.7%. The long-run trend across the full record is falling.
Where does this Grenada 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 — 17 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.