Nicaragua NI: Tariff Rate: Applied: Weighted Mean: Manufactured Products

Nicaragua NI: Tariff Rate: Applied: Weighted Mean: Manufactured Products data was reported at 1.840 % in 2016. This records an increase from the previous number of 1.820 % for 2015. Nicaragua NI: Tariff Rate: Applied: Weighted Mean: Manufactured Products data is updated yearly, averaging 2.550 % from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 7.370 % in 1999 and a record low of 1.530 % in 2013. Nicaragua NI: Tariff Rate: Applied: Weighted Mean: Manufactured Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nicaragua – Table NI.World Bank: Trade Tariffs. 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.; ; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrated Data Base (IDB) and Consolidated Tariff Schedules (CTS) database.; ;

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