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

Bound rate, simple mean, manufactured products (%) in Iceland was 10.35 as of 2019. Its highest value over the past 23 years was 10.77 in 2001, while its lowest value was 10.34 in 2015.

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
1996 10.77
1998 10.77
1999 10.77
2000 10.77
2001 10.77
2003 10.65
2004 10.65
2005 10.65
2006 10.65
2007 10.50
2008 10.50
2009 10.50
2010 10.50
2011 10.50
2012 10.43
2013 10.43
2014 10.43
2015 10.34
2016 10.34
2017 10.35
2019 10.35

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs