Share of products from least-developed countries that have no tariff in British Virgin Islands
British Virgin Islands: Share of products from least-developed countries that have no tariff was 30.0% in 2024. ▼ Falling
Share of products from least-developed countries that have no tariff in British Virgin Islands, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
In 2024, share of products from least-developed countries that have no tariff in British Virgin Islands stood at 30.0%.
The figure is up 7.6% on the previous year and down 22.1% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in British Virgin Islands peaked at 45.6% in 2005 and was at its lowest, 27.9%, in 2023.
That places British Virgin Islands 224th out of 230 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Share of products from least-developed countries that have no tariff in British Virgin Islands, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 45.6% | — |
| 2010 | 37.9% | -16.8% |
| 2015 | 38.6% | +1.7% |
| 2016 | 44.8% | +16.1% |
| 2017 | 38.3% | -14.4% |
| 2018 | 43.6% | +14.0% |
| 2019 | 33.0% | -24.4% |
| 2020 | 29.0% | -12.1% |
| 2021 | 32.5% | +11.9% |
| 2022 | 31.2% | -3.8% |
| 2023 | 27.9% | -10.6% |
| 2024 | 30.0% | +7.6% |
British Virgin Islands compared with similar countries
- British Virgin Islands's 30.0% is below the median for high income countries, which is 64.9%, 46% of the median. (80 countries reporting)
- British Virgin Islands's 30.0% is below the median for Latin America & Caribbean, which is 68.3%, 44% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.6% | 45.6% | 45.6% | 1 |
| 2010s | 39.4% | 33.0% | 44.8% | 6 |
| 2020s | 30.1% | 27.9% | 32.5% | 5 |
Countries ranked near British Virgin Islands
- 221 American Samoa 31.0% compare
- 222 Anguilla 30.5% compare
- 222 North Korea 30.5% compare
- 225 Tokelau 24.8% compare
- 226 Turks and Caicos Islands 20.6% compare
- 227 United States Virgin Islands 16.7% compare
More economy & growth data for British Virgin Islands
- Foreign direct investment, net inflows (BoP, current US$), per capita 1.36 million BoP, current US$ per person (2024)
- Foreign direct investment, net outflows 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps 59.45 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 53.60 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.37 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1.51 million BoP, current US$ per person (2024)
- Foreign direct investment, net inflows 53.60 billion BoP, current US$ (2024)
- Gross Domestic Product — Value Standard Local Currency 1,565 million SLC (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 41,491 USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 3.57 % change on previous year (2024)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in British Virgin Islands?
- Share of products from least-developed countries that have no tariff in British Virgin Islands was 30.0% 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 British Virgin Islands?
- The highest recorded value was 45.6% in 2005.
- What is the lowest share of products from least-developed countries that have no tariff recorded in British Virgin Islands?
- The lowest recorded value was 27.9% in 2023.
- How does British Virgin Islands rank for share of products from least-developed countries that have no tariff?
- British Virgin Islands ranks 224th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in British Virgin Islands?
- Over the last ten years it is down 22.1%. The long-run trend across the full record is falling.
- Where does this British Virgin Islands 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 (%).