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Bahamas Tariff Rate

Bahamas' tariff rate rose to 26.31% in 2022, up from 23.66% in 2018, according to World Bank. This represents an increase of 2.65% from the previous year. The Bahamas has the highest tariff rate, followed by Cayman Islands and Bermuda.

Yearly Historical Data (1999-2022)

(in %)
Year Tariff Rate (%)
2022 26.31%
2018 23.66%
2016 26.78%
2015 28.08%
2014 30.36%
2013 30.43%
2011 33.17%
2010 33.36%
2006 28.51%
2002 28.99%
1999 29.91%
Bahamas Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Bahamas on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $700.6M $574.24M 2023
Annual Imports $4.19B $3.76B 2023
Exports (% GDP) 37.78% 37.81% 2024
FDI Inflows (% GDP) 1.52% 2.11% 2024
Imports (% GDP) 41.46% 38.74% 2024
Net Trade (Goods & Services, BoP) -$297.87M -$262.19M 2024
Trade (% GDP) 79.24% 76.55% 2024