5 Countries With the Highest Tariffs

In this article, we will look at the 5 countries with the highest tariffs. If you want to read the detailed analysis head straight to the 20 Countries With the Highest Tariffs.

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. Djibouti

Tariff 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. 

You can also take a look at the 25 Countries with the Lowest Per-Capita Carbon Emissions and the 30 Best Countries to Live in the World.