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

Guinea: Tariff rate, applied, weighted mean, all products was 12.6% in 2022. ▲ Rising

Latest (2022)
12.6%
Change on year
up 2.8%
World rank
21st
of 184 countries
All-time high
12.6%
in 2022
All-time low
6.0%
in 1998
Years of data
13
1998–2022

Tariff rate, applied, weighted mean, all products in Guinea, 1998–2022

0510151998201020221998: 6 %2004: 6.1 %2005: 12.5 %2008: 11.9 %2009: 11.8 %2010: 11.9 %2012: 11.9 %2017: 12.2 %2018: 11.3 %2019: 10.9 %2020: 12.2 %2021: 12.3 %2022: 12.6 %

Source: Staff estimates. Measured in %.

Analysis

In 2022, tariff rate, applied, weighted mean, all products in Guinea stood at 12.6%. That is the highest value across all 13 years on record.

That represents a change of up 2.8% on the previous year and up 5.8% over ten years.

Over the whole period, tariff rate, applied, weighted mean, all products in Guinea peaked at 12.6% in 2022 and was at its lowest, 6.0%, in 1998.

Guinea ranks 21st of 184 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 13 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 6.0% 6.0% 6.0% 1
2000s 10.6% 6.1% 12.5% 4
2010s 11.7% 10.9% 12.2% 5
2020s 12.4% 12.2% 12.6% 3

Countries ranked near Guinea

  1. 18 Grenada 13.0% compare
  2. 19 Venezuela 12.8% compare
  3. 20 Ethiopia 12.7% compare
  4. 22 Cape Verde 12.6% compare
  5. 23 Ghana 12.5% compare
  6. 24 Iran 12.1% compare

See the full ranking of 185 places →

More private sector data for Guinea

All data for Guinea →

Frequently asked questions

What is tariff rate, applied, weighted mean, all products in Guinea?
Tariff rate, applied, weighted mean, all products in Guinea was 12.6% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, all products recorded in Guinea?
The highest recorded value was 12.6% in 2022.
What is the lowest tariff rate, applied, weighted mean, all products recorded in Guinea?
The lowest recorded value was 6.0% in 1998.
How does Guinea rank for tariff rate, applied, weighted mean, all products?
Guinea ranks 21st out of 184 countries with data for 2022.
Is tariff rate, applied, weighted mean, all products rising or falling in Guinea?
Over the last ten years it is up 5.8%. The long-run trend across the full record is rising.
Where does this Guinea 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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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.