Sri Lanka Lowest Average Tariff Rate 2021: 4.36 %
Sri Lanka's lowest average tariff rate in 2021 is 4.36 %, down 30.6% from 2020. It ranks #66 of 156 countries.
Explore countries with the lowest average applied tariff rates, indicating open trade policies and fewer trade barriers.
Source (2021): Tariff rate, applied, weighted mean, all products (%) | Data
Lowest Average Tariff Rate over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2021 | 4.36 % | 1.92 % | -30.57% | |
| 2020 | 6.28 % | 7.02 % | -52.78% | |
| 2019 | 13.3 % | +1.22 % | +10.10% | |
| 2018 | 12.08 % | +3.36 % | +38.53% | |
| 2017 | 8.72 % | +4.29 % | +96.84% | |
| 2015 | 4.43 % | 2.66 % | -37.52% | |
| 2014 | 7.09 % | +0.04 % | +0.57% | |
| 2012 | 7.05 % | 0.63 % | -8.20% | |
| 2011 | 7.68 % | 0.36 % | -4.48% | |
| 2010 | 8.04 % | +0.83 % | +11.51% | |
| 2009 | 7.21 % | +0.09 % | +1.26% | |
| 2008 | 7.12 % | 0.07 % | -0.97% | |
| 2007 | 7.19 % | 0.04 % | -0.55% | |
| 2006 | 7.23 % | 0.33 % | -4.37% | |
| 2005 | 7.56 % | +0.83 % | +12.33% | |
| 2004 | 6.73 % | +0.46 % | +7.34% | |
| 2003 | 6.27 % | 0.28 % | -4.27% | |
| 2001 | 6.55 % | — | — |
Frequently Asked Questions About Sri Lanka Lowest Average Tariff Rate
What is Sri Lanka's lowest average tariff rate in 2021?▾
Sri Lanka's lowest average tariff rate is 4.36 % in 2021, according to Tariff rate, applied, weighted mean, all products (%) | Data.
Is Sri Lanka's lowest average tariff rate increasing or decreasing?▾
Sri Lanka's lowest average tariff rate fell by 30.6% from 2020 (6.28 %) to 2021 (4.36 %). Over the past decade (2011–2021) it fell by 43.2%.
How does Sri Lanka rank for lowest average tariff rate?▾
In 2021, Sri Lanka has the 66th highest lowest average tariff rate out of 156 countries with data.
What was Sri Lanka's lowest average tariff rate in 2001?▾
In 2001, Sri Lanka's lowest average tariff rate was 6.55 %. By 2021 it fell by 33.4%.
Explore additional statistical insights
Agriculture Value Added as a Share of GDP by Country in Sri Lanka
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 Sri Lanka
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 Sri Lanka
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 Sri Lanka
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 Sri Lanka
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 Sri Lanka
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.