Worldwide weighted tariff-average, preferential status, by type in Iceland

Iceland: Worldwide weighted tariff-average, preferential status, by type was 14.6% in 2024. ▲ Rising

Latest (2024)
14.6%
Change on year
down 0.2%
World rank
37th
of 162 countries
All-time high
14.6%
in 2023
All-time low
7.2%
in 2010
Years of data
12
2005–2024

Worldwide weighted tariff-average, preferential status, by type of in Iceland, 2005–2024

0510152005201420242005: 8.72010: 7.22015: 10.62016: 10.82017: 12.52018: 12.52019: 10.22020: 8.42021: 9.72022: 13.42023: 14.62024: 14.6

Source: United Nations Statistics Division, SDG Global Database.

Analysis

In 2024, worldwide weighted tariff-average, preferential status, by type of in Iceland stood at 14.6%.

The figure is down 0.2% on the previous year and up 38.3% over ten years.

Over the whole period, worldwide weighted tariff-average, preferential status, by type of in Iceland peaked at 14.6% in 2023 and was at its lowest, 7.2%, in 2010.

Iceland ranks 37th of 162 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, preferential status, by type in Iceland, year by year

Annual values for Worldwide weighted tariff-average, preferential status, by type of product (%) in Iceland, 2005 to 2024.
Year Value Change
2005 8.7% —
2010 7.2% -17.8%
2015 10.6% +47.0%
2016 10.8% +2.3%
2017 12.5% +15.7%
2018 12.5% +0.0%
2019 10.2% -18.6%
2020 8.4% -17.5%
2021 9.7% +15.7%
2022 13.4% +37.5%
2023 14.6% +9.6%
2024 14.6% -0.2%

Iceland compared with similar countries

  • Iceland's 14.6% is above the median for high income countries, which is 6.8%, 2.2× the median. (34 countries reporting)
  • Iceland's 14.6% is above the median for Europe & Central Asia, which is 3.8%, 3.9× the median. (20 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 8.7% 8.7% 8.7% 1
2010s 10.6% 7.2% 12.5% 6
2020s 12.1% 8.4% 14.6% 5

Countries ranked near Iceland

  1. 34 Ghana 14.9% compare
  2. 35 Burundi 14.8% compare
  3. 36 Antigua and Barbuda 14.7% compare
  4. 38 Grenada 13.9% compare
  5. 39 Chad 13.8% compare
  6. 40 Dominica 13.5% 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, preferential status, by type of in Iceland?
Worldwide weighted tariff-average, preferential status, by type of in Iceland was 14.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest worldwide weighted tariff-average, preferential status, by type of recorded in Iceland?
The highest recorded value was 14.6% in 2023.
What is the lowest worldwide weighted tariff-average, preferential status, by type of recorded in Iceland?
The lowest recorded value was 7.2% in 2010.
How does Iceland rank for worldwide weighted tariff-average, preferential status, by type of?
Iceland ranks 37th out of 162 countries with data for 2024.
Is worldwide weighted tariff-average, preferential status, by type of rising or falling in Iceland?
Over the last ten years it is up 38.3%. 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, preferential status, by type of product (%). Statizoid updates them automatically from the source API.

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Worldwide weighted tariff-average, preferential status, by type of in Iceland. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 15 October 2026, from https://development-goals.statizoid.com/stat/worldwide-weighted-tariff-average-preferential-status-by-type-of-product-percent/iceland/

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About this data

Indicator
Worldwide weighted tariff-average, preferential 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