Tariff rate across all products in Bermuda

Bermuda: Tariff rate across all products was 29.5% in 2022. ◆ Volatile

Latest (2022)
29.5%
Change on year
up 23.8%
World rank
1st
of 184 countries
All-time high
103.2%
in 2019
All-time low
15.3%
in 2014
Years of data
16
2007–2022

Tariff rate across all products in Bermuda, 2007–2022

204060801002007201420222007: 18.8 %2008: 19 %2009: 18.7 %2010: 18.6 %2011: 17.1 %2012: 17.4 %2013: 17.2 %2014: 15.3 %2015: 18.7 %2016: 18.7 %2017: 20.9 %2018: 27.6 %2019: 103.2 %2020: 24.1 %2021: 23.8 %2022: 29.5 %

Source: World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data. Measured in %.

Analysis

Bermuda recorded 29.5% for tariff rate across all products in 2022.

The figure is up 23.8% on the previous year and up 69.3% over ten years.

Over the whole period, tariff rate across all products in Bermuda peaked at 103.2% in 2019 and was at its lowest, 15.3%, in 2014.

Bermuda ranks 1st of 184 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Tariff rate across all products in Bermuda, year by year

Annual values for Tariff rate across all products in Bermuda, 2007 to 2022.
Year % Change
2007 18.8%
2008 19.0% +1.2%
2009 18.7% -1.6%
2010 18.6% -0.4%
2011 17.1% -8.3%
2012 17.4% +2.2%
2013 17.2% -1.2%
2014 15.3% -11.4%
2015 18.7% +22.3%
2016 18.7% +0.3%
2017 20.9% +11.3%
2018 27.6% +32.3%
2019 103.2% +273.9%
2020 24.1% -76.7%
2021 23.8% -1.0%
2022 29.5% +23.8%

Bermuda compared with similar countries

  • Bermuda's 29.5% is above the median for high income countries, which is 1.3%, 22.2× the median. (64 countries reporting)

Biggest year-on-year movements

Years where Tariff rate across all products in Bermuda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2019 +273.9% 27.6% 103.2%
2020 -76.7% 103.2% 24.1%

Averages by decade

DecadeAverage LowestHighest Years
2000s 18.8% 18.7% 19.0% 3
2010s 27.5% 15.3% 103.2% 10
2020s 25.8% 23.8% 29.5% 3

Countries ranked near Bermuda

  1. 2 Solomon Islands 20.7% compare
  2. 3 Congo 18.2% compare
  3. 3 Equatorial Guinea 18.2% compare

See the full ranking of 184 places →

More reference data data for Bermuda

All data for Bermuda →

Frequently asked questions

What is tariff rate across all products in Bermuda?
Tariff rate across all products in Bermuda was 29.5% in 2022, according to World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data.
What is the highest tariff rate across all products recorded in Bermuda?
The highest recorded value was 103.2% in 2019.
What is the lowest tariff rate across all products recorded in Bermuda?
The lowest recorded value was 15.3% in 2014.
How does Bermuda rank for tariff rate across all products?
Bermuda ranks 1st out of 184 countries with data for 2022.
Is tariff rate across all products rising or falling in Bermuda?
Over the last ten years it is up 69.3%. The long-run trend across the full record is volatile.
Where does this Bermuda data come from?
The figures come from World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data, published as part of Tariff rate across all products. Statizoid updates them automatically from the source API.

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Tariff rate across all products in Bermuda. Statizoid, drawing on World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/tariff-rate-applied-weighted-mean-all-products/bermuda/

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About this data

Indicator
Tariff rate across all products
Unit
%
Source
World Bank (WITS), UNCTAD (TRAINS), and World Trade Organization (WTO) (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
184 places, 3,763 data points, 1988–2022
Last refreshed

Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country.