High income - Bound rate

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in High income was 37.86 as of 2017. Its highest value over the past 22 years was 37.86 in 2017, while its lowest value was 13.85 in 1998.

Definition: Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.

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Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs