My Data Jungle - Economic and Social Indicators

Indicator: Tariff rate, applied, weighted mean, all products (%) - Ranking   2022

Description The “Tariff rate, applied, simple mean, all products (%)” indicator, published by the World Bank, measures the unweighted average of effectively applied tariff rates across all traded products subject to tariffs. Tariff data are classified according to the Harmonized System (HS) at the six- or eight-digit product level and subsequently matched with Standard International Trade Classification (SITC) Revision 3 commodity groups. Effectively applied tariff rates are averaged within each commodity group. When an effectively applied rate is unavailable, the most-favored-nation (MFN) tariff rate is used instead. Where possible, specific tariffs are converted into their ad valorem equivalents and incorporated into the calculation. Because the average is unweighted, each tariff line receives equal weight regardless of the value or volume of trade associated with the product.
A cosa serve The indicator is used to analyze and compare national trade-policy regimes, particularly the degree of tariff protection applied to imported goods. It can support research into trade openness, protectionism, market access, and changes in customs policy over time. It is also useful for identifying differences in tariff structures between economies and for studying the relationship between tariffs and international trade. For a more precise assessment of the economic burden of tariffs on actual imports, the simple mean should be complemented by trade-weighted tariff measures, which give greater weight to products according to their import values.
Unit of measure %
Aggregation Operator Average

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