Saint Lucia Lowest Average Tariff Rate 2020: 9.08 %
Saint Lucia's lowest average tariff rate in 2020 is 9.08 %, down 45.6% from 2019. It ranks #33 of 156 countries.
Explore countries with the lowest average applied tariff rates, indicating open trade policies and fewer trade barriers.
Source (2020): Tariff rate, applied, weighted mean, all products (%) | Data
Lowest Average Tariff Rate over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2020 | 9.08 % | 7.62 % | -45.63% | |
| 2019 | 16.7 % | +7.45 % | +80.54% | |
| 2016 | 9.25 % | +1.41 % | +17.98% | |
| 2015 | 7.84 % | 0.27 % | -3.33% | |
| 2014 | 8.11 % | 2.44 % | -23.13% | |
| 2013 | 10.55 % | +3.8 % | +56.30% | |
| 2012 | 6.75 % | +0.95 % | +16.38% | |
| 2011 | 5.8 % | 0.12 % | -2.03% | |
| 2010 | 5.92 % | 3.08 % | -34.22% | |
| 2007 | 9 % | 0.43 % | -4.56% | |
| 2006 | 9.43 % | 4.33 % | -31.47% | |
| 2005 | 13.76 % | +0.98 % | +7.67% | |
| 2003 | 12.78 % | +0.09 % | +0.71% | |
| 2002 | 12.69 % | +0.47 % | +3.85% | |
| 2001 | 12.22 % | — | — |
Frequently Asked Questions About Saint Lucia Lowest Average Tariff Rate
What is Saint Lucia's lowest average tariff rate in 2020?▾
Saint Lucia's lowest average tariff rate is 9.08 % in 2020, according to Tariff rate, applied, weighted mean, all products (%) | Data.
Is Saint Lucia's lowest average tariff rate increasing or decreasing?▾
Saint Lucia's lowest average tariff rate fell by 45.6% from 2019 (16.70 %) to 2020 (9.08 %). Over the past decade (2010–2020) it rose by 53.4%.
How does Saint Lucia rank for lowest average tariff rate?▾
In 2020, Saint Lucia has the 33rd highest lowest average tariff rate out of 156 countries with data.
What was Saint Lucia's lowest average tariff rate in 2001?▾
In 2001, Saint Lucia's lowest average tariff rate was 12.22 %. By 2020 it fell by 25.7%.
Explore additional statistical insights
Agriculture Value Added as a Share of GDP by Country in Saint Lucia
Explore the agriculture value added as a share of GDP by country, measuring the economic impact of farming sectors. This statistic highlights the importance of agriculture in national economies and informs investment decisions.
Currently married (Percent) in Saint Lucia
The percentage of currently married individuals by country highlights societal trends in family structure and relationships. Understanding these statistics can provide insights into cultural norms and demographic shifts, influencing policies and social programs.
Gross Domestic Product (GDP) by Country in Current US Dollars in Saint Lucia
Discover the Gross Domestic Product (GDP) by country in current US dollars, a key indicator of economic performance. This statistic reveals the financial health and growth potential of nations, making it essential for investors and policymakers.
Human Capital Index in Saint Lucia
The Human Capital Index measures a country's investment in education and health, reflecting its potential for economic growth and productivity. This vital statistic highlights the importance of nurturing human resources for sustainable development.
Life expectancy at birth in Saint Lucia
Life expectancy at birth measures the average years a newborn is expected to live, reflecting a country's health standards and quality of life. This vital statistic highlights disparities in healthcare and living conditions across nations, making it essential for global health assessments.
Median age of population in Saint Lucia
The median age of a population is a key demographic indicator, reflecting the age distribution within a country. Understanding median age helps assess economic development, healthcare needs, and social dynamics. Countries with a higher median age may face challenges related to aging populations, while younger populations often indicate growth potential.