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

Bound rate, simple mean, primary products (%) in Nicaragua was 42.20 as of 2020. Its highest value over the past 25 years was 42.20 in 2020, while its lowest value was 41.95 in 1995.

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

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

See also:

Year Value
1995 41.95
1996 41.95
1997 42.19
1998 42.19
1999 42.19
2000 42.19
2001 42.19
2002 42.19
2003 42.12
2004 42.12
2005 42.12
2006 42.12
2007 42.16
2008 42.16
2009 42.16
2010 42.16
2011 42.16
2012 42.17
2013 42.17
2014 42.17
2015 42.17
2016 42.17
2017 42.20
2018 42.20
2019 42.20
2020 42.20

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs