Low income - Bound rate

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Low income was 18.81 as of 2017. Its highest value over the past 22 years was 78.56 in 2000, while its lowest value was 18.81 in 2017.

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
1995 31.66
1996 53.09
1997 56.85
1998 49.04
1999 55.13
2000 78.56
2001 48.17
2002 47.66
2003 54.08
2004 38.79
2005 46.87
2006 49.00
2007 42.02
2008 45.78
2009 45.78
2010 43.47
2011 47.88
2012 43.48
2013 42.81
2014 42.71
2015 40.89
2016 41.57
2017 18.81

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs