Average tariff applied by developed countries … preferential in Nicaragua
Nicaragua: Average tariff applied by developed countries … preferential was 10.3% in 2024. ▼ Falling
Average tariff applied by developed countries, preferential status in Nicaragua, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, average tariff applied by developed countries, preferential status in Nicaragua stood at 10.3%. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 0.4% on the previous year and down 13.0% over ten years.
Over the whole period, average tariff applied by developed countries, preferential status in Nicaragua peaked at 18.4% in 2000 and was at its lowest, 10.3%, in 2024.
That places Nicaragua 29th out of 236 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Average tariff applied by developed countries … preferential in Nicaragua, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 18.4% | — |
| 2005 | 17.7% | -4.0% |
| 2010 | 16.1% | -9.0% |
| 2011 | 16.0% | -0.4% |
| 2012 | 11.5% | -28.2% |
| 2013 | 12.1% | +4.6% |
| 2014 | 11.8% | -2.1% |
| 2015 | 11.7% | -0.5% |
| 2016 | 11.7% | -0.6% |
| 2017 | 11.9% | +2.3% |
| 2018 | 11.5% | -3.6% |
| 2019 | 10.4% | -9.3% |
| 2020 | 10.4% | -0.6% |
| 2021 | 10.4% | -0.1% |
| 2022 | 10.4% | -0.2% |
| 2023 | 10.3% | -0.4% |
| 2024 | 10.3% | -0.4% |
Nicaragua compared with similar countries
- Nicaragua's 10.3% is above the median for lower middle income countries, which is 1.3%, 8.1× the median. (43 countries reporting)
- Nicaragua's 10.3% is above the median for Latin America & Caribbean, which is 2.5%, 4.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Average tariff applied by developed countries … preferential in Nicaragua 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 | -28.2% | 16.0% | 11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.1% | 17.7% | 18.4% | 2 |
| 2010s | 12.5% | 10.4% | 16.1% | 10 |
| 2020s | 10.3% | 10.3% | 10.4% | 5 |
Countries ranked near Nicaragua
More development goals data for Nicaragua
- Red List Index 0.8326 (2025)
- Number of refugees per 100,000 population, by country of origin 445.91 (2025)
- Manufacturing value added per capita 327.14 (2025)
- Number of transboundary breeds 53 (2023)
- Number of transboundary breeds (not extinct) 53 (2023)
- Number of transboundary breeds with unknown risk status 53 (2023)
- Number of local breeds with unknown risk status 9 (2023)
- Number of local breeds (not extinct) 9 (2023)
- Number of local breeds kept in the country 9 (2023)
- Infant deaths 1,246 (2024)
Frequently asked questions
- What is average tariff applied by developed countries, preferential status in Nicaragua?
- Average tariff applied by developed countries, preferential status in Nicaragua was 10.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average tariff applied by developed countries, preferential status recorded in Nicaragua?
- The highest recorded value was 18.4% in 2000.
- What is the lowest average tariff applied by developed countries, preferential status recorded in Nicaragua?
- The lowest recorded value was 10.3% in 2024.
- How does Nicaragua rank for average tariff applied by developed countries, preferential status?
- Nicaragua ranks 29th out of 236 countries with data for 2024.
- Is average tariff applied by developed countries, preferential status rising or falling in Nicaragua?
- Over the last ten years it is down 13.0%. The long-run trend across the full record is falling.
- Where does this Nicaragua data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average tariff applied by developed countries, preferential 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).