Average tariff applied by developed countries … most-favored in Iceland
Iceland: Average tariff applied by developed countries … most-favored was 6.4% in 2024. ▼ Falling
Average tariff applied by developed countries, most-favored nation in Iceland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for average tariff applied by developed countries, most-favored nation in Iceland is 6.4%, measured in 2024.
That represents a change of up 0.4% on the previous year and down 0.3% over ten years.
Over the whole period, average tariff applied by developed countries, most-favored nation in Iceland peaked at 9.1% in 2010 and was at its lowest, 6.3%, in 2012.
That places Iceland 117th out of 236 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Average tariff applied by developed countries … most-favored in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 8.4% | — |
| 2005 | 8.9% | +6.3% |
| 2010 | 9.1% | +2.2% |
| 2011 | 9.1% | -0.9% |
| 2012 | 6.3% | -30.6% |
| 2013 | 6.4% | +1.8% |
| 2014 | 6.4% | +0.1% |
| 2015 | 6.4% | -0.5% |
| 2016 | 6.4% | +0.4% |
| 2017 | 6.4% | +0.7% |
| 2018 | 6.5% | +0.6% |
| 2019 | 6.5% | -0.1% |
| 2020 | 6.5% | +0.0% |
| 2021 | 6.5% | +0.0% |
| 2022 | 6.5% | +0.3% |
| 2023 | 6.4% | -2.1% |
| 2024 | 6.4% | +0.4% |
Iceland compared with similar countries
- Iceland's 6.4% is below the median for high income countries, which is 9.1%, 70% of the median. (75 countries reporting)
- Iceland's 6.4% is below the median for Europe & Central Asia, which is 9.0%, 71% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Average tariff applied by developed countries … most-favored in Iceland 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 |
|---|---|---|---|
| 2012 | -30.6% | 9.1% | 6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.7% | 8.4% | 8.9% | 2 |
| 2010s | 6.9% | 6.3% | 9.1% | 10 |
| 2020s | 6.4% | 6.4% | 6.5% | 5 |
Countries ranked near Iceland
More development goals data for Iceland
- Red List Index 0.8515 (2025)
- Number of refugees per 100,000 population, by country of origin 4.27 (2025)
- Manufacturing value added per capita 5,542 (2025)
- Number of transboundary breeds 6 (2025)
- Number of transboundary breeds (not extinct) 6 (2025)
- Number of transboundary breeds with unknown risk status 1 (2025)
- Number of local breeds with unknown risk status 4 (2025)
- Number of local breeds (not extinct) 10 (2025)
- Number of local breeds kept in the country 10 (2025)
- Infant deaths 9 (2024)
Frequently asked questions
- What is average tariff applied by developed countries, most-favored nation in Iceland?
- Average tariff applied by developed countries, most-favored nation in Iceland was 6.4% 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 Iceland?
- The highest recorded value was 9.1% in 2010.
- What is the lowest average tariff applied by developed countries, most-favored nation recorded in Iceland?
- The lowest recorded value was 6.3% in 2012.
- How does Iceland rank for average tariff applied by developed countries, most-favored nation?
- Iceland ranks 117th out of 236 countries with data for 2024.
- Is average tariff applied by developed countries, most-favored nation rising or falling in Iceland?
- Over the last ten years it is down 0.3%. The long-run trend across the full record is falling.
- Where does this Iceland 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).