Barbados BB: Tariff Rate: Applied: Simple Mean: All Products

1996 - 2021 | Yearly | % | World Bank

Barbados BB: Tariff Rate: Applied: Simple Mean: All Products data was reported at 9.530 % in 2021. This records a decrease from the previous number of 10.180 % for 2020. Barbados BB: Tariff Rate: Applied: Simple Mean: All Products data is updated yearly, averaging 15.130 % from Dec 1996 (Median) to 2021, with 15 observations. The data reached an all-time high of 24.210 % in 1996 and a record low of 9.530 % in 2021. Barbados BB: Tariff Rate: Applied: Simple Mean: All Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Tariffs. Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. 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. 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. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs.;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.;;

View Barbados's Barbados BB: Tariff Rate: Applied: Simple Mean: All Products from 1996 to 2021 in the chart:

Get this data
Barbados Barbados BB: Tariff Rate: Applied: Simple Mean: All Products
Get this data
Barbados Barbados BB: Tariff Rate: Applied: Simple Mean: All Products

What was Barbados's Barbados BB: Tariff Rate: Applied: Simple Mean: All Products in 2021?

Last Previous Min Max Unit Frequency Range
9.530 2021 10.180 2020 9.530 2021 24.210 1996 % yearly 1996 - 2021

Related Indicators for Barbados BB: Tariff Rate: Applied: Simple Mean: All Products

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Barbados Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 22,233.861 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 26,056.630 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 1.840 2027 yearly 1980 - 2027
Government and Public Finance Last Frequency Range
Forecast: Government Expenditure (BBD bn) 4.732 2030 yearly 1995 - 2030
Forecast: Government Net Debt (BBD bn) 14.552 2030 yearly 1995 - 2030
Forecast: Government Revenue (BBD bn) 4.848 2030 yearly 1995 - 2030
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 0.294 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 7.677 2029 yearly 1981 - 2029
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 2.427 2028 yearly 1980 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) -0.445 2029 yearly 1980 - 2029

More Indicators for Barbados

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.

Try Now

Explore our Data

Unlimited access tailored to your data needs
Request a Demo
Flexible monthly access to CEIC data
Try Now