Share of products from least-developed countries that have no tariff in Barbados
Barbados: Share of products from least-developed countries that have no tariff was 86.5% in 2024. ▲ Rising
Share of products from least-developed countries that have no tariff in Barbados, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for share of products from least-developed countries that have no tariff in Barbados is 86.5%, measured in 2024.
That represents a change of up 0.5% on the previous year and up 9.9% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Barbados peaked at 87.1% in 2021 and was at its lowest, 65.1%, in 2010.
That places Barbados 12th out of 230 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 82.3% | — |
| 2010 | 65.1% | -20.9% |
| 2015 | 78.7% | +20.9% |
| 2016 | 86.7% | +10.1% |
| 2017 | 81.6% | -5.8% |
| 2018 | 82.7% | +1.3% |
| 2019 | 83.5% | +1.0% |
| 2020 | 81.5% | -2.4% |
| 2021 | 87.1% | +6.9% |
| 2022 | 86.0% | -1.3% |
| 2023 | 86.0% | +0.0% |
| 2024 | 86.5% | +0.5% |
Barbados compared with similar countries
- Barbados's 86.5% is above the median for high income countries, which is 64.9%, 1.3× the median. (80 countries reporting)
- Barbados's 86.5% is above the median for Latin America & Caribbean, which is 68.3%, 1.3× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 82.3% | 82.3% | 82.3% | 1 |
| 2010s | 79.7% | 65.1% | 86.7% | 6 |
| 2020s | 85.4% | 81.5% | 87.1% | 5 |
Countries ranked near Barbados
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Barbados?
- Share of products from least-developed countries that have no tariff in Barbados was 86.5% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Barbados?
- The highest recorded value was 87.1% in 2021.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Barbados?
- The lowest recorded value was 65.1% in 2010.
- How does Barbados rank for share of products from least-developed countries that have no tariff?
- Barbados ranks 12th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Barbados?
- Over the last ten years it is up 9.9%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).