Worldwide weighted tariff-average, most-favoured-nation status, by in Latin America and the Caribbean
Latin America and the Caribbean: Worldwide weighted tariff-average, most-favoured-nation status, by was 12.7% in 2024. ▼ Falling
Worldwide weighted tariff-average, most-favoured-nation status, by in Latin America and the Caribbean, 2005–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for worldwide weighted tariff-average, most-favoured-nation status, by in Latin America and the Caribbean is 12.7%, measured in 2024. That is the lowest value across all 12 years on record.
The figure is down 0.4% on the previous year and down 22.4% over ten years.
Over the whole period, worldwide weighted tariff-average, most-favoured-nation status, by in Latin America and the Caribbean peaked at 21.2% in 2010 and was at its lowest, 12.7%, in 2024.
That places Latin America and the Caribbean 20th out of 37 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 12 years of available data.
Worldwide weighted tariff-average, most-favoured-nation status, by in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 20.7% | — |
| 2010 | 21.2% | +2.2% |
| 2015 | 16.3% | -22.9% |
| 2016 | 16.0% | -2.2% |
| 2017 | 13.6% | -14.7% |
| 2018 | 14.1% | +3.7% |
| 2019 | 13.7% | -3.2% |
| 2020 | 13.7% | +0.6% |
| 2021 | 13.0% | -5.2% |
| 2022 | 13.0% | -0.3% |
| 2023 | 12.7% | -2.0% |
| 2024 | 12.7% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.7% | 20.7% | 20.7% | 1 |
| 2010s | 15.8% | 13.6% | 21.2% | 6 |
| 2020s | 13.0% | 12.7% | 13.7% | 5 |
Countries ranked near Latin America and the Caribbean
- 17 Uganda 26.4% compare
- 18 Iceland 26.3% compare
- 19 Venezuela (Bolivarian Republic of) 23.8% compare
- 20 Switzerland 23.3% compare
- 21 Maldives 23.2% compare
- 22 Central African Republic 22.4% compare
- 23 Guyana 22.4% compare
More development goals data for Latin America and the Caribbean
- Red List Index 0.7667 (2025)
- Number of refugees per 100,000 population, by country of origin 1,042 (2025)
- Manufacturing value added per capita 1,112 (2025)
- Number of transboundary breeds 348 (2025)
- Number of transboundary breeds (not extinct) 340 (2025)
- Number of transboundary breeds with unknown risk status 182 (2025)
- Number of local breeds with unknown risk status 452 (2025)
- Number of local breeds (not extinct) 569 (2025)
- Number of local breeds kept in the country 580 (2025)
- Infant deaths 123,123 (2024)
Frequently asked questions
- What is worldwide weighted tariff-average, most-favoured-nation status, by in Latin America and the Caribbean?
- Worldwide weighted tariff-average, most-favoured-nation status, by in Latin America and the Caribbean was 12.7% 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 Latin America and the Caribbean?
- The highest recorded value was 21.2% in 2010.
- What is the lowest worldwide weighted tariff-average, most-favoured-nation status, by recorded in Latin America and the Caribbean?
- The lowest recorded value was 12.7% in 2024.
- How does Latin America and the Caribbean rank for worldwide weighted tariff-average, most-favoured-nation status, by?
- Latin America and the Caribbean ranks 20th out of 37 groups with data for 2024.
- Is worldwide weighted tariff-average, most-favoured-nation status, by rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 22.4%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean 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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