Tariff rates in Nicaragua
Nicaragua: Tariff rates was 2.04 in 2022. ◆ Volatile
Latest (2022)
2.04
Change on year
up 4.1%
World rank
129th
of 184 countries
All-time high
8.27
in 1999
All-time low
1.74
in 2013
Years of data
28
1995–2022
Tariff rates in Nicaragua, 1995–2022
Source: Our World in Data.
Analysis
The most recent figure for tariff rates in Nicaragua is 2.04, measured in 2022.
The figure is up 4.1% on the previous year and down 28.9% over ten years.
Over the whole period, tariff rates in Nicaragua peaked at 8.27 in 1999 and was at its lowest, 1.74, in 2013.
That places Nicaragua 129th out of 184 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tariff rates in Nicaragua, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 5.55 | — |
| 1996 | 8.26 | +48.8% |
| 1997 | 5.94 | -28.1% |
| 1998 | 4.53 | -23.7% |
| 1999 | 8.27 | +82.6% |
| 2000 | 2.87 | -65.3% |
| 2001 | 3.12 | +8.7% |
| 2002 | 2.89 | -7.4% |
| 2003 | 2.93 | +1.4% |
| 2004 | 3.76 | +28.3% |
| 2005 | 5.46 | +45.2% |
| 2006 | 4.13 | -24.4% |
| 2007 | 3.59 | -13.1% |
| 2008 | 4.4 | +22.6% |
| 2009 | 2.37 | -46.1% |
| 2010 | 2.1 | -11.4% |
| 2011 | 2.88 | +37.1% |
| 2012 | 2.87 | -0.3% |
| 2013 | 1.74 | -39.4% |
| 2014 | 1.95 | +12.1% |
| 2015 | 1.93 | -1.0% |
| 2016 | 2.17 | +12.4% |
| 2017 | 2.33 | +7.4% |
| 2018 | 1.95 | -16.3% |
| 2019 | 1.86 | -4.6% |
| 2020 | 1.84 | -1.1% |
| 2021 | 1.96 | +6.5% |
| 2022 | 2.04 | +4.1% |
Nicaragua compared with similar countries
- Nicaragua's 2.04 is below the median for lower middle income countries, which is 7.43, 27% of the median. (46 countries reporting)
- Nicaragua's 2.04 is below the median for Latin America & Caribbean, which is 7.01, 29% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.51 | 4.53 | 8.27 | 5 |
| 2000s | 3.55 | 2.37 | 5.46 | 10 |
| 2010s | 2.18 | 1.74 | 2.88 | 10 |
| 2020s | 1.95 | 1.84 | 2.04 | 3 |
Countries ranked near Nicaragua
More reference data data for Nicaragua
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.4575 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.72 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 2.76 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0819 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 2.76 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.53 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.4557 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 9.61 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 14.12 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.4457 (2050)
Frequently asked questions
- What is tariff rates in Nicaragua?
- Tariff rates in Nicaragua was 2.04 in 2022, according to Our World in Data.
- What is the highest tariff rates recorded in Nicaragua?
- The highest recorded value was 8.27 in 1999.
- What is the lowest tariff rates recorded in Nicaragua?
- The lowest recorded value was 1.74 in 2013.
- How does Nicaragua rank for tariff rates?
- Nicaragua ranks 129th out of 184 countries with data for 2022.
- Is tariff rates rising or falling in Nicaragua?
- Over the last ten years it is down 28.9%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from Our World in Data, published as part of Tariff rates. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (Our World in Data).