Iceland - Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Iceland was 13.84 as of 2019. Its highest value over the past 23 years was 25.82 in 2014, while its lowest value was 13.50 in 1996.

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.

See also:

Year Value
1996 13.50
1998 13.50
1999 13.50
2000 13.50
2001 13.50
2003 23.98
2004 23.98
2005 23.98
2006 23.98
2007 24.34
2008 24.34
2009 24.34
2010 24.34
2011 24.34
2012 25.82
2013 25.82
2014 25.82
2015 13.75
2016 13.75
2017 13.84
2019 13.84

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs