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Armenia Tariff Rate

Armenia's tariff rate rose to 5.7% in 2021, up from 4.81% in 2020, according to World Bank. This represents an increase of 0.89% from the previous year. Armenia has tariff rate lower than the global median (5.70% vs median 5.90%). Compared with the median in Asia, Armenia is higher (5.70% vs regional median 5.36%) and ranks 20th out of 45 countries in Asia.

Yearly Historical Data (2001-2021)

(in %)
Year Tariff Rate (%)
2021 5.7%
2020 4.81%
2019 6.3%
2017 4.6%
2016 4.92%
2015 6.36%
2014 4.6%
2013 4.63%
2012 4.69%
2011 4.27%
2010 4.21%
2009 4.17%
2008 3.69%
2007 3.92%
2006 3.59%
2005 3.85%
2004 3.85%
2003 3.65%
2001 3.26%
Armenia Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Armenia on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $13.07B $8.37B 2024
Annual Imports $16.8B $12.02B 2024
Exports (% GDP) 76.35% 59.45% 2024
FDI Inflows (% GDP) 0.54% 2.41% 2024
Imports (% GDP) 75.79% 60.26% 2024
Net Trade (Goods & Services, BoP) -$468.7M -$193.72M 2024
Trade (% GDP) 152.14% 119.71% 2024