Barbados BB: Tariff Rate: Applied: Weighted Mean: Manufactured Products

1996 - 2020 | Yearly | % | World Bank

Barbados BB: Tariff Rate: Applied: Weighted Mean: Manufactured Products data was reported at 8.390 % in 2020. This records a decrease from the previous number of 12.480 % for 2013. Barbados BB: Tariff Rate: Applied: Weighted Mean: Manufactured Products data is updated yearly, averaging 14.035 % from Dec 1996 to 2020, with 14 observations. The data reached an all-time high of 25.580 % in 1996 and a record low of 8.390 % in 2020. Barbados BB: 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 Barbados – Table BB.World Bank.WDI: 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.;;

View Barbados's Barbados BB: Tariff Rate: Applied: Weighted Mean: Manufactured Products from 1996 to 2020 in the chart:

Barbados Barbados BB: Tariff Rate: Applied: Weighted Mean: Manufactured Products

What was Barbados's Barbados BB: Tariff Rate: Applied: Weighted Mean: Manufactured Products in 2020?

Last Previous Min Max Unit Frequency Range
8.390 2020 12.480 2013 8.390 2020 25.580 1996 % yearly 1996 - 2020

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Barbados Key Series

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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) 4.855 2029 yearly 1995 - 2029
Forecast: Government Net Debt (BBD bn) 14.084 2029 yearly 1995 - 2029
Forecast: Government Revenue (BBD bn) 4.871 2029 yearly 1995 - 2029
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 0.294 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 9.718 2028 yearly 1981 - 2028
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) -0.438 2028 yearly 1980 - 2028

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