Average tariff applied by developed countries … most-favored in Cayman Islands
Cayman Islands: Average tariff applied by developed countries … most-favored was 16.1% in 2024. ▲ Rising
Average tariff applied by developed countries, most-favored nation in Cayman Islands, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, average tariff applied by developed countries, most-favored nation in Cayman Islands stood at 16.1%.
That represents a change of down 0.8% on the previous year and up 22.1% over ten years.
Over the whole period, average tariff applied by developed countries, most-favored nation in Cayman Islands peaked at 16.4% in 2022 and was at its lowest, 6.6%, in 2000.
That places Cayman Islands 18th out of 236 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Average tariff applied by developed countries … most-favored in Cayman Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.6% | — |
| 2005 | 11.1% | +67.9% |
| 2010 | 11.4% | +2.6% |
| 2011 | 11.5% | +0.6% |
| 2012 | 11.5% | +0.6% |
| 2013 | 11.5% | -0.3% |
| 2014 | 13.2% | +14.5% |
| 2015 | 13.2% | +0.5% |
| 2016 | 15.0% | +13.1% |
| 2017 | 14.9% | -0.1% |
| 2018 | 15.1% | +1.4% |
| 2019 | 14.6% | -3.8% |
| 2020 | 14.7% | +0.8% |
| 2021 | 14.7% | +0.1% |
| 2022 | 16.4% | +11.4% |
| 2023 | 16.2% | -1.2% |
| 2024 | 16.1% | -0.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 16.1% is above the median for high income countries, which is 9.1%, 1.8× the median. (75 countries reporting)
- Cayman Islands's 16.1% is above the median for Latin America & Caribbean, which is 6.5%, 2.5× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Average tariff applied by developed countries … most-favored in Cayman Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +67.9% | 6.6% | 11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.9% | 6.6% | 11.1% | 2 |
| 2010s | 13.2% | 11.4% | 15.1% | 10 |
| 2020s | 15.6% | 14.7% | 16.4% | 5 |
Countries ranked near Cayman Islands
More development goals data for Cayman Islands
- Red List Index 0.795 (2025)
- Number of refugees per 100,000 population, by country of origin 0 (2025)
- Manufacturing value added per capita 747.97 (2025)
- Alcohol consumption per capita (aged 15 years and older) within a 11.7 (2024)
- DEC alternative conversion factor 0.8333 (2024)
- Annual inflation, consumer prices -0.6% (2016)
- Number of victims of intentional homicide, by sex 3 (2020)
- Change in maximum river flow -20.8% (2024)
- Change in minimum river flow -46.1% (2024)
- River flow maximum 1.17 (2024)
Frequently asked questions
- What is average tariff applied by developed countries, most-favored nation in Cayman Islands?
- Average tariff applied by developed countries, most-favored nation in Cayman Islands was 16.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average tariff applied by developed countries, most-favored nation recorded in Cayman Islands?
- The highest recorded value was 16.4% in 2022.
- What is the lowest average tariff applied by developed countries, most-favored nation recorded in Cayman Islands?
- The lowest recorded value was 6.6% in 2000.
- How does Cayman Islands rank for average tariff applied by developed countries, most-favored nation?
- Cayman Islands ranks 18th out of 236 countries with data for 2024.
- Is average tariff applied by developed countries, most-favored nation rising or falling in Cayman Islands?
- Over the last ten years it is up 22.1%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average tariff applied by developed countries, most-favored nation status, by type of product (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under UN SDG Global Database (open, attribution requested).