Faroe Islands vs Venezuela (Bolivarian Republic of): Average tariff applied by developed countries, most-favored nation
Faroe Islands
7.6%
in 2024
Venezuela (Bolivarian Republic of)
7.5%
in 2024
Faroe Islands rank
91st
Venezuela (Bolivarian Republic of) rank
92nd
Average tariff applied by developed countries, most-favored nation over time
- Faroe Islands
- Venezuela (Bolivarian Republic of)
How they compare
Faroe Islands currently reports 7.6% against 7.5% in Venezuela (Bolivarian Republic of), a difference of 0.1%.
The two have swapped places 3 times across 17 shared years of data; in 2000 it was Venezuela (Bolivarian Republic of) ahead.
Faroe Islands ranks 91st and Venezuela (Bolivarian Republic of) ranks 92nd of 235 countries.
Across the 3 decades both report, Faroe Islands averaged higher in 2 and Venezuela (Bolivarian Republic of) in 1.
Head to head by decade
| Decade | Faroe Islands | Venezuela (Bolivarian Republic of) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 8.3% | 8.8% | 0.5% | Venezuela (Bolivarian Republic of) |
| 2010s | 7.6% | 6.9% | 0.7% | Faroe Islands |
| 2020s | 7.7% | 7.4% | 0.2% | Faroe Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher average tariff applied by developed countries, most-favored nation, Faroe Islands or Venezuela (Bolivarian Republic of)?
- Faroe Islands, at 7.6% against 7.5% in Venezuela (Bolivarian Republic of) as of 2024.
- What is the difference in average tariff applied by developed countries, most-favored nation between Faroe Islands and Venezuela (Bolivarian Republic of)?
- 0.1%, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Venezuela (Bolivarian Republic of)?
- 17 years are reported by both, from 2000 to 2024.
- How do Faroe Islands and Venezuela (Bolivarian Republic of) rank globally for average tariff applied by developed countries, most-favored nation?
- Faroe Islands ranks 91st and Venezuela (Bolivarian Republic of) ranks 92nd of 235 countries.
- Where does this data come from?
- United Nations Statistics Division, SDG Global Database, published as Average tariff applied by developed countries, most-favored nation status, by type of product (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.