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

Belize: Tariff rate, applied, weighted mean, primary products was 38.6% in 2022. ◆ Volatile

Latest (2022)
38.6%
Change on year
up 4.6%
World rank
3rd
of 184 countries
All-time high
38.6%
in 2022
All-time low
6.0%
in 2012
Years of data
22
1996–2022

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

102030401996200920221996: 10.5 %1999: 9.8 %2001: 9.9 %2002: 14.1 %2003: 13.2 %2006: 6.5 %2007: 6.5 %2008: 6.2 %2009: 8.9 %2010: 9 %2011: 6 %2012: 6 %2013: 7.4 %2014: 7.4 %2015: 7.4 %2016: 8.2 %2017: 8 %2018: 9.6 %2019: 10 %2020: 36.2 %2021: 36.9 %2022: 38.6 %

Source: Staff estimates. Measured in %.

Analysis

In 2022, tariff rate, applied, weighted mean, primary products in Belize stood at 38.6%. That is the highest value across all 22 years on record.

Compared with earlier readings it is up 4.6% on the previous year and up 543.9% over ten years.

Over the whole period, tariff rate, applied, weighted mean, primary products in Belize peaked at 38.6% in 2022 and was at its lowest, 6.0%, in 2012.

That places Belize 3rd out of 184 countries with data for 2022, putting it in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
1990s 10.2% 9.8% 10.5% 2
2000s 9.3% 6.2% 14.1% 7
2010s 7.9% 6.0% 10.0% 10
2020s 37.2% 36.2% 38.6% 3

Countries ranked near Belize

  1. 1 Solomon Islands 48.8% compare
  2. 2 Bermuda 45.1% compare
  3. 4 Rwanda 24.1% compare
  4. 5 Chad 23.8% compare
  5. 6 Equatorial Guinea 22.7% 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, primary products in Belize?
Tariff rate, applied, weighted mean, primary products in Belize was 38.6% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, primary products recorded in Belize?
The highest recorded value was 38.6% in 2022.
What is the lowest tariff rate, applied, weighted mean, primary products recorded in Belize?
The lowest recorded value was 6.0% in 2012.
How does Belize rank for tariff rate, applied, weighted mean, primary products?
Belize ranks 3rd out of 184 countries with data for 2022.
Is tariff rate, applied, weighted mean, primary products rising or falling in Belize?
Over the last ten years it is up 543.9%. The long-run trend across the full record is volatile.
Where does this Belize data come from?
The figures come from Staff estimates, published as part of Tariff rate, applied, weighted mean, primary products (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Tariff rate, applied, weighted 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

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).