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

Bound rate, simple mean, all products (%) in Nicaragua was 41.15 as of 2020. Its highest value over the past 25 years was 41.15 in 2020, while its lowest value was 40.88 in 2003.

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 40.94
1996 40.94
1997 40.89
1998 40.89
1999 40.89
2000 40.89
2001 40.89
2002 40.89
2003 40.88
2004 40.88
2005 40.88
2006 40.88
2007 41.07
2008 41.07
2009 41.07
2010 41.07
2011 41.07
2012 41.11
2013 41.11
2014 41.11
2015 41.11
2016 41.11
2017 41.15
2018 41.15
2019 41.15
2020 41.15

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs