The Bahamas has a GDP of $18.90 billion and trade represented 80% of the country’s GDP in 2022. The Bahamas had a tariff rate of 17.10% in 2018 and is one of the countries that has the highest tariff rates in the world.
4. DjiboutiTariff Rate (2014): 17.60%
Trade % of GDP (2022): 340%
Djibouti ranks fourth among the countries with the highest tariffs. Djibouti had a tariff rate of 17.60% in 2014 and has a GDP of $7.80 billion, as of 2024.
3. Gambia
Tariff Rate (2020): 17.80%
Trade % of GDP (2022): 35%
Gambia has a GDP of $8.15 billion and the country boasted a 35% trade-to-GDP ratio in 2022. Gambia had a tariff rate of 17.80% in 2020 and ranks third among the countries with the highest tariffs.
2. Belize
Tariff Rate (2020): 18.70%
Trade % of GDP (2022): 108%
Belize is located on the eastern coast of Central America and has a GDP of $5.30 billion. With an 18.70% tariff rate in 2020, Belize ranks second among the countries with the highest tariffs.
1. Bermuda
Tariff Rate (2020): 24.10%
Trade % of GDP (2022): 78%
Bermuda has the highest tariff rate in the world, reported at around 24.10% in 2020. Bermuda’s trade accounted for 78% of its GDP in 2022. …"
5. Bahamas
Tariff Rate (2018): 17.10%
Trade % of GDP (2022): 80%
The Bahamas has a GDP of $18.90 billion and trade represented 80% of the country’s GDP in 2022. The Bahamas had a tariff rate of 17.10% in 2018 and is one of the countries that has the highest tariff rates in the world.
4. DjiboutiTariff Rate (2014): 17.60%
Trade % of GDP (2022): 340%
Djibouti ranks fourth among the countries with the highest tariffs. Djibouti had a tariff rate of 17.60% in 2014 and has a GDP of $7.80 billion, as of 2024.
3. Gambia
Tariff Rate (2020): 17.80%
Trade % of GDP (2022): 35%
Gambia has a GDP of $8.15 billion and the country boasted a 35% trade-to-GDP ratio in 2022. Gambia had a tariff rate of 17.80% in 2020 and ranks third among the countries with the highest tariffs.
2. Belize
Tariff Rate (2020): 18.70%
Trade % of GDP (2022): 108%
Belize is located on the eastern coast of Central America and has a GDP of $5.30 billion. With an 18.70% tariff rate in 2020, Belize ranks second among the countries with the highest tariffs.
1. Bermuda
Tariff Rate (2020): 24.10%
Trade % of GDP (2022): 78%
Bermuda has the highest tariff rate in the world, reported at around 24.10% in 2020. Bermuda’s trade accounted for 78% of its GDP in 2022. …"
— insidermonkey .com/blog/5-countries-with-the-highest-tariffs-1276518/?singlepage=1