Iceland vs Latin America and the Caribbean: Worldwide weighted tariff-average, most-favoured-nation status, by

Iceland
26.3%
in 2024
Latin America and the Caribbean
12.7%
in 2024
Iceland rank
18th
Latin America and the Caribbean rank
20th

Worldwide weighted tariff-average, most-favoured-nation status, by over time

  • Iceland
  • Latin America and the Caribbean
0102030200520142024

How they compare

Iceland currently reports 26.3% against 12.7% in Latin America and the Caribbean, a difference of 13.6%.

That makes Iceland's figure about 2.1 times Latin America and the Caribbean's.

The two have swapped places 1 time across 12 shared years of data; in 2005 it was Latin America and the Caribbean ahead.

Iceland ranks 18th and Latin America and the Caribbean ranks 20th of 161 countries.

Across the 3 decades both report, Iceland averaged higher in 2 and Latin America and the Caribbean in 1.

Head to head by decade

Decade Iceland Latin America and the Caribbean Difference Ahead
2000s 11.6% 20.7% 9.2% Latin America and the Caribbean
2010s 17.1% 15.8% 1.2% Iceland
2020s 24.8% 13.0% 11.8% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher worldwide weighted tariff-average, most-favoured-nation status, by, Iceland or Latin America and the Caribbean?
Iceland, at 26.3% against 12.7% in Latin America and the Caribbean as of 2024.
What is the difference in worldwide weighted tariff-average, most-favoured-nation status, by between Iceland and Latin America and the Caribbean?
13.6%, with Iceland ahead.
How many years of comparable data are there for Iceland and Latin America and the Caribbean?
12 years are reported by both, from 2005 to 2024.
How do Iceland and Latin America and the Caribbean rank globally for worldwide weighted tariff-average, most-favoured-nation status, by?
Iceland ranks 18th and Latin America and the Caribbean ranks 20th of 161 countries.
Where does this data come from?
United Nations Statistics Division, SDG Global Database, published as Worldwide weighted tariff-average, most-favoured-nation status, by type of product (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Latin America and the Caribbean: Worldwide weighted tariff-average, most-favoured-nation status, by. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 17 September 2026, from https://development-goals.statizoid.com/compare/worldwide-weighted-tariff-average-most-favoured-nation-status-by-type-of-product-percent/iceland/latin-america-and-the-caribbean/

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About this data

Indicator
Worldwide weighted tariff-average, most-favoured-nation status, by type of product (%)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
198 places, 2,227 data points, 2005–2024
Last refreshed