Worldwide weighted tariff-average, most-favoured-nation status, by in Iceland

Iceland: Worldwide weighted tariff-average, most-favoured-nation status, by was 26.3% in 2024. ▲ Rising

Latest (2024)
26.3%
Change on year
down 6.9%
World rank
18th
of 161 countries
All-time high
28.3%
in 2023
All-time low
11.6%
in 2005
Years of data
12
2005–2024

Worldwide weighted tariff-average, most-favoured-nation status, by in Iceland, 2005–2024

01020302005201420242005: 11.62010: 11.62015: 15.42016: 15.72017: 19.22018: 19.22019: 212020: 21.32021: 21.82022: 26.32023: 28.32024: 26.3

Source: United Nations Statistics Division, SDG Global Database.

Analysis

In 2024, worldwide weighted tariff-average, most-favoured-nation status, by in Iceland stood at 26.3%.

That represents a change of down 6.9% on the previous year and up 70.5% over ten years.

Over the whole period, worldwide weighted tariff-average, most-favoured-nation status, by in Iceland peaked at 28.3% in 2023 and was at its lowest, 11.6%, in 2005.

Iceland ranks 18th of 161 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 12 years of available data.

Worldwide weighted tariff-average, most-favoured-nation status, by in Iceland, year by year

Annual values for Worldwide weighted tariff-average, most-favoured-nation status, by type of product (%) in Iceland, 2005 to 2024.
Year Value Change
2005 11.6%
2010 11.6% +0.8%
2015 15.4% +32.6%
2016 15.7% +2.0%
2017 19.2% +22.2%
2018 19.2% +0.0%
2019 21.0% +9.1%
2020 21.3% +1.3%
2021 21.8% +2.6%
2022 26.3% +20.8%
2023 28.3% +7.4%
2024 26.3% -6.9%

Averages by decade

DecadeAverage LowestHighest Years
2000s 11.6% 11.6% 11.6% 1
2010s 17.1% 11.6% 21.0% 6
2020s 24.8% 21.3% 28.3% 5

Countries ranked near Iceland

  1. 15 India 27.6% compare
  2. 16 Trinidad and Tobago 27.3% compare
  3. 17 Uganda 26.4% compare
  4. 19 Venezuela (Bolivarian Republic of) 23.8% compare
  5. 20 Switzerland 23.3% compare
  6. 21 Maldives 23.2% compare

See the full ranking of 198 places →

More development goals data for Iceland

All data for Iceland →

Frequently asked questions

What is worldwide weighted tariff-average, most-favoured-nation status, by in Iceland?
Worldwide weighted tariff-average, most-favoured-nation status, by in Iceland was 26.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest worldwide weighted tariff-average, most-favoured-nation status, by recorded in Iceland?
The highest recorded value was 28.3% in 2023.
What is the lowest worldwide weighted tariff-average, most-favoured-nation status, by recorded in Iceland?
The lowest recorded value was 11.6% in 2005.
How does Iceland rank for worldwide weighted tariff-average, most-favoured-nation status, by?
Iceland ranks 18th out of 161 countries with data for 2024.
Is worldwide weighted tariff-average, most-favoured-nation status, by rising or falling in Iceland?
Over the last ten years it is up 70.5%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from United Nations Statistics Division, SDG Global Database, published as part of Worldwide weighted tariff-average, most-favoured-nation status, by type of product (%). Statizoid updates them automatically from the source API.

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Worldwide weighted tariff-average, most-favoured-nation status, by in Iceland. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 11 September 2026, from https://development-goals.statizoid.com/stat/worldwide-weighted-tariff-average-most-favoured-nation-status-by-type-of-product-percent/iceland/

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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