Tariff rate, applied, weighted mean, primary products in Equatorial Guinea

Equatorial Guinea: Tariff rate, applied, weighted mean, primary products was 22.7% in 2022. ▬ Flat

Latest (2022)
22.7%
World rank
6th
of 184 countries
All-time high
24.5%
in 2002
All-time low
18.4%
in 2005
Years of data
6
1998–2022

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

05101520251998201020221998: 23.6 %2001: 18.7 %2002: 24.5 %2005: 18.4 %2007: 21.4 %2022: 22.7 %

Source: Staff estimates. Measured in %.

Analysis

Equatorial Guinea recorded 22.7% for tariff rate, applied, weighted mean, primary products in 2022.

Compared with earlier readings it is up 6.1% over ten years.

Over the whole period, tariff rate, applied, weighted mean, primary products in Equatorial Guinea peaked at 24.5% in 2002 and was at its lowest, 18.4%, in 2005.

Equatorial Guinea ranks 6th of 184 countries on this measure, in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
1990s 23.6% 23.6% 23.6% 1
2000s 20.8% 18.4% 24.5% 4
2020s 22.7% 22.7% 22.7% 1

Countries ranked near Equatorial Guinea

  1. 3 Belize 38.6% compare
  2. 4 Rwanda 24.1% compare
  3. 5 Chad 23.8% compare
  4. 7 Tanzania 22.4% compare
  5. 8 Palau 20.3% compare
  6. 9 Barbados 20.2% compare

See the full ranking of 185 places →

More private sector data for Equatorial Guinea

All data for Equatorial Guinea →

Frequently asked questions

What is tariff rate, applied, weighted mean, primary products in Equatorial Guinea?
Tariff rate, applied, weighted mean, primary products in Equatorial Guinea was 22.7% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, primary products recorded in Equatorial Guinea?
The highest recorded value was 24.5% in 2002.
What is the lowest tariff rate, applied, weighted mean, primary products recorded in Equatorial Guinea?
The lowest recorded value was 18.4% in 2005.
How does Equatorial Guinea rank for tariff rate, applied, weighted mean, primary products?
Equatorial Guinea ranks 6th out of 184 countries with data for 2022.
Is tariff rate, applied, weighted mean, primary products rising or falling in Equatorial Guinea?
Over the last ten years it is up 6.1%. The long-run trend across the full record is flat.
Where does this Equatorial Guinea 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).