Worldwide weighted tariff-average, preferential status, by type of in Latin America and the Caribbean

Latin America and the Caribbean: Worldwide weighted tariff-average, preferential status, by type of was 3.4% in 2024. ▼ Falling

Latest (2024)
3.4%
Change on year
down 1.6%
Rank
24th
of 37 groups
All-time high
6.1%
in 2005
All-time low
3.4%
in 2021
Years of data
12
2005–2024

Worldwide weighted tariff-average, preferential status, by type of in Latin America and the Caribbean, 2005–2024

02462005201420242005: 6.12010: 5.72015: 5.72016: 5.22017: 4.22018: 4.32019: 3.82020: 3.42021: 3.42022: 3.62023: 3.52024: 3.4

Source: United Nations Statistics Division, SDG Global Database.

Analysis

The most recent figure for worldwide weighted tariff-average, preferential status, by type of in Latin America and the Caribbean is 3.4%, measured in 2024.

Compared with earlier readings it is down 1.6% on the previous year and down 39.7% over ten years.

Over the whole period, worldwide weighted tariff-average, preferential status, by type of in Latin America and the Caribbean peaked at 6.1% in 2005 and was at its lowest, 3.4%, in 2021.

Latin America and the Caribbean ranks 24th of 37 groups on this measure, 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, preferential status, by type of in Latin America and the Caribbean, year by year

Annual values for Worldwide weighted tariff-average, preferential status, by type of product (%) in Latin America and the Caribbean, 2005 to 2024.
Year Value Change
2005 6.1%
2010 5.7% -7.6%
2015 5.7% +0.9%
2016 5.2% -9.2%
2017 4.2% -19.7%
2018 4.3% +3.1%
2019 3.8% -11.1%
2020 3.4% -9.7%
2021 3.4% -1.7%
2022 3.6% +5.0%
2023 3.5% -1.5%
2024 3.4% -1.6%

Averages by decade

DecadeAverage LowestHighest Years
2000s 6.1% 6.1% 6.1% 1
2010s 4.8% 3.8% 5.7% 6
2020s 3.5% 3.4% 3.6% 5

Countries ranked near Latin America and the Caribbean

  1. 21 Liberia 18.1% compare
  2. 22 Cameroon 17.1% compare
  3. 23 Guinea 17.1% compare
  4. 24 Angola 16.9% compare
  5. 25 Cabo Verde 16.7% compare
  6. 26 Suriname 16.4% compare
  7. 27 Gambia 16.4% compare

See the full ranking of 198 places →

More development goals data for Latin America and the Caribbean

All data for Latin America and the Caribbean →

Frequently asked questions

What is worldwide weighted tariff-average, preferential status, by type of in Latin America and the Caribbean?
Worldwide weighted tariff-average, preferential status, by type of in Latin America and the Caribbean was 3.4% 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 Latin America and the Caribbean?
The highest recorded value was 6.1% in 2005.
What is the lowest worldwide weighted tariff-average, preferential status, by type of recorded in Latin America and the Caribbean?
The lowest recorded value was 3.4% in 2021.
How does Latin America and the Caribbean rank for worldwide weighted tariff-average, preferential status, by type of?
Latin America and the Caribbean ranks 24th out of 37 groups with data for 2024.
Is worldwide weighted tariff-average, preferential status, by type of rising or falling in Latin America and the Caribbean?
Over the last ten years it is down 39.7%. 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, 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 Latin America and the Caribbean. 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-preferential-status-by-type-of-product-percent/latin-america-and-the-caribbean/

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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