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

Guyana: Tariff rate, applied, weighted mean, primary products was 13.4% in 2022. ▼ Falling

Latest (2022)
13.4%
Change on year
up 28.4%
World rank
31st
of 184 countries
All-time high
19.2%
in 1996
All-time low
4.1%
in 2006
Years of data
22
1996–2022

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

51015201996200920221996: 19.2 %1999: 14.7 %2000: 15 %2001: 14.5 %2002: 14.6 %2003: 14.1 %2006: 4.1 %2007: 14.1 %2008: 5.3 %2009: 14.2 %2010: 5.1 %2011: 6.5 %2012: 7.3 %2013: 7.1 %2015: 5.5 %2016: 5.4 %2017: 5.5 %2018: 5.3 %2019: 15.8 %2020: 10.4 %2021: 10.4 %2022: 13.4 %

Source: Staff estimates. Measured in %.

Analysis

Guyana recorded 13.4% for tariff rate, applied, weighted mean, primary products in 2022.

That represents a change of up 28.4% on the previous year and up 82.3% over ten years.

Over the whole period, tariff rate, applied, weighted mean, primary products in Guyana peaked at 19.2% in 1996 and was at its lowest, 4.1%, in 2006.

Guyana ranks 31st of 184 countries on this measure, in the top quarter.

The long-run direction has been consistently falling across the 22 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 17.0% 14.7% 19.2% 2
2000s 12.0% 4.1% 15.0% 8
2010s 7.1% 5.1% 15.8% 9
2020s 11.4% 10.4% 13.4% 3

Countries ranked near Guyana

  1. 28 Djibouti 14.1% compare
  2. 29 Grenada 14.0% compare
  3. 30 Antigua and Barbuda 13.9% compare
  4. 32 Samoa 12.9% compare
  5. 33 Benin 12.3% compare
  6. 34 Ethiopia 12.1% compare

See the full ranking of 185 places →

More private sector data for Guyana

All data for Guyana →

Frequently asked questions

What is tariff rate, applied, weighted mean, primary products in Guyana?
Tariff rate, applied, weighted mean, primary products in Guyana was 13.4% in 2022, according to Staff estimates.
What is the highest tariff rate, applied, weighted mean, primary products recorded in Guyana?
The highest recorded value was 19.2% in 1996.
What is the lowest tariff rate, applied, weighted mean, primary products recorded in Guyana?
The lowest recorded value was 4.1% in 2006.
How does Guyana rank for tariff rate, applied, weighted mean, primary products?
Guyana ranks 31st out of 184 countries with data for 2022.
Is tariff rate, applied, weighted mean, primary products rising or falling in Guyana?
Over the last ten years it is up 82.3%. The long-run trend across the full record is falling.
Where does this Guyana 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).