Tariff rate; applied; weighted mean; manufactured products (%) in South Africa

The Tariff rate; applied; weighted mean; manufactured products (%) in South Africa was last reported at 5.66 in 2010, according to a World Bank report released in 2011. The Tariff rate; applied; weighted mean; manufactured products (%) in South Africa was 5.26 in 2009, according to a World Bank report, published in 2010. The Tariff rate; applied; weighted mean; manufactured products (%) in South Africa was reported at 6.13 in 2008, according to the World Bank. Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.This page includes a historical data chart, news and forecasts for Tariff rate; applied; weighted mean; manufactured products (%) in South Africa. South Africa has a two-tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. It is therefore a productive and industrialized economy that exhibits many characteristics associated with developing countries, including a division of labor between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed.

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