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

Bound rate, simple mean, primary products (%) in Barbados was 97.19 as of 2020. Its highest value over the past 24 years was 97.19 in 2020, while its lowest value was 95.25 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. 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
1996 95.25
1999 95.85
2000 95.85
2001 95.85
2002 95.85
2003 95.85
2004 95.85
2006 95.75
2007 95.75
2010 95.75
2011 95.75
2012 95.81
2013 95.81
2020 97.19

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs