24Peaks / Africa / Nigeria / MFN Simple Average Tariff (%)

Nigeria - MFN Simple Average Tariff (%) 12.09

World Bank WITS · updated 2026-10-03 · 180 economies tracked

Latest value

12.09 (2023)

Global rank

##83 of 180 economies

vs global median

1.8×

Growth since 1996

0.5×

Ranking Race — MFN Simple Average Tariff (%)

1 = global #1 · lower value ranks higher

#1#18#35#52#69#8619881993199820032008201320182023#44#832022 overtook Maldives2023 overtook Niger
NigeriaMacao SAR, ChinaSingaporeMauritiusNew Zealand

Real annual global ranks, 1988 - 2023. Nigeria climbed from #44 to #83 (overtook Maldives). Gaps in a lane = missing data that year.

Key events for Nigeria ↓

Key Events — Nigeria

Auto-detected from rank data + curated milestones

2000
Fell 29 places in global rank auto
2001
Fell 15 places in global rank auto
2013
Fell 16 places in global rank auto
2016
Oil price recession curated

First recession in 25 years as crude prices collapse.

2020
COVID-19 oil shock curated

Dual pandemic and oil shock push GDP down.

2022
Overtook Maldives in global rank auto
2023
Overtook Niger in global rank auto
2023
Fuel subsidy removal curated

Petrol subsidy cut and currency reforms spark inflation.

MFN Simple Average Tariff (%), 1996-2023

World Bank WITS · % · linear scale · ranking in the race above
199620062016202311.1917.4723.7430.01
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