Nicaragua - Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Nicaragua was 40.80 as of 2020. Its highest value over the past 25 years was 40.80 in 2020, while its lowest value was 40.52 in 1997.

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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

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

See also:

Year Value
1995 40.64
1996 40.64
1997 40.52
1998 40.52
1999 40.52
2000 40.52
2001 40.52
2002 40.52
2003 40.52
2004 40.52
2005 40.52
2006 40.52
2007 40.75
2008 40.75
2009 40.75
2010 40.75
2011 40.75
2012 40.75
2013 40.75
2014 40.75
2015 40.75
2016 40.75
2017 40.80
2018 40.80
2019 40.80
2020 40.80

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs