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Guinea Tariff Rate

Guinea's tariff rate fell to 12.9% in 2022, down from 13.14% in 2021, according to World Bank. This represents a decrease of 0.24% from the previous year. Guinea has tariff rate higher than the global median (12.90% vs median 5.90%). Compared with the median in Africa, Guinea is higher (12.90% vs regional median 12.49%) and ranks 19th out of 49 countries in Africa.

Yearly Historical Data (1998-2022)

(in %)
Year Tariff Rate (%)
2022 12.9%
2021 13.14%
2020 13.15%
2019 12.67%
2018 13.08%
2017 13.26%
2012 13.52%
2010 13.5%
2009 13.32%
2008 13.52%
2005 14.07%
2004 6.26%
1998 6.24%
Guinea Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Guinea on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $2.39B $1.57B 2016
Annual Imports $3.46B $2.14B 2016
Exports (% GDP) 44.04% 44.13% 2024
FDI Inflows (% GDP) 5.84% 3.31% 2023
Imports (% GDP) 56.06% 51.7% 2024
Net Trade (Goods & Services, BoP) $3.64B $3.15B 2023
Trade (% GDP) 100.09% 95.83% 2024