Tariff rate applied weighted mean all products in Iceland

Iceland: Tariff rate applied weighted mean all products was 1.63 in 2022. ▼ Falling

Latest (2022)
1.63
Change on year
up 7.9%
World rank
136th
of 184 countries
All-time high
4.72
in 2000
All-time low
1.42
in 2015
Years of data
24
1993–2022

Tariff rate applied weighted mean all products in Iceland, 1993–2022

123451993200720221993: 3.41996: 3.61998: 4.51999: 3.62000: 4.72001: 3.72003: 4.32004: 4.52005: 4.22006: 1.82007: 1.92008: 1.92009: 1.62010: 1.52011: 1.62012: 1.52013: 1.72014: 1.62015: 1.42016: 1.52017: 1.62019: 1.52021: 1.52022: 1.6

Source: Our World in Data.

Analysis

The most recent figure for tariff rate applied weighted mean all products in Iceland is 1.63, measured in 2022.

Compared with earlier readings it is up 7.9% on the previous year and up 10.9% over ten years.

Over the whole period, tariff rate applied weighted mean all products in Iceland peaked at 4.72 in 2000 and was at its lowest, 1.42, in 2015.

Iceland ranks 136th of 184 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 24 years of available data.

Tariff rate applied weighted mean all products in Iceland, year by year

Annual values for Tariff rate applied weighted mean all products in Iceland, 1993 to 2022.
Year Value Change
1993 3.41 —
1996 3.64 +6.7%
1998 4.51 +23.9%
1999 3.65 -19.1%
2000 4.72 +29.3%
2001 3.68 -22.0%
2003 4.31 +17.1%
2004 4.52 +4.9%
2005 4.24 -6.2%
2006 1.83 -56.8%
2007 1.9 +3.8%
2008 1.85 -2.6%
2009 1.65 -10.8%
2010 1.5 -9.1%
2011 1.58 +5.3%
2012 1.47 -7.0%
2013 1.66 +12.9%
2014 1.6 -3.6%
2015 1.42 -11.3%
2016 1.47 +3.5%
2017 1.57 +6.8%
2019 1.53 -2.5%
2021 1.51 -1.3%
2022 1.63 +7.9%

Iceland compared with similar countries

  • Iceland's 1.63 is above the median for high income countries, which is 1.33, 1.2× the median. (64 countries reporting)
  • Iceland's 1.63 is above the median for Europe & Central Asia, which is 1.33, 1.2× the median. (46 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 3.8 3.41 4.51 4
2000s 3.19 1.65 4.72 9
2010s 1.53 1.42 1.66 9
2020s 1.57 1.51 1.63 2

Countries ranked near Iceland

  1. 133 Serbia 1.72 compare
  2. 134 New Zealand 1.7 compare
  3. 135 Japan 1.64 compare
  4. 137 Mexico 1.62 compare
  5. 138 United States 1.49 compare
  6. 139 Laos 1.41 compare

See the full ranking of 184 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is tariff rate applied weighted mean all products in Iceland?
Tariff rate applied weighted mean all products in Iceland was 1.63 in 2022, according to Our World in Data.
What is the highest tariff rate applied weighted mean all products recorded in Iceland?
The highest recorded value was 4.72 in 2000.
What is the lowest tariff rate applied weighted mean all products recorded in Iceland?
The lowest recorded value was 1.42 in 2015.
How does Iceland rank for tariff rate applied weighted mean all products?
Iceland ranks 136th out of 184 countries with data for 2022.
Is tariff rate applied weighted mean all products rising or falling in Iceland?
Over the last ten years it is up 10.9%. The long-run trend across the full record is falling.
Where does this Iceland data come from?
The figures come from Our World in Data, published as part of Tariff rate applied weighted mean all products. Statizoid updates them automatically from the source API.

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Tariff rate applied weighted mean all products in Iceland. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/tariff-rate-applied-weighted-mean-all-products/iceland/

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About this data

Indicator
Tariff rate applied weighted mean all products
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
184 places, 3,763 data points, 1988–2022
Last refreshed