Nigeria - Bound rate
Bound rate, simple mean, manufactured products (%)
Bound rate, simple mean, manufactured products (%) in Nigeria was 60.74 as of 2020. Its highest value over the past 25 years was 69.04 in 1995, while its lowest value was 60.44 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 |
|---|---|
| 1995 | 69.04 |
| 1996 | 68.41 |
| 1997 | 68.41 |
| 1998 | 68.41 |
| 1999 | 68.41 |
| 2000 | 68.41 |
| 2001 | 68.41 |
| 2002 | 68.41 |
| 2003 | 68.41 |
| 2005 | 65.78 |
| 2006 | 65.78 |
| 2008 | 65.78 |
| 2009 | 62.32 |
| 2010 | 62.32 |
| 2011 | 62.32 |
| 2013 | 62.32 |
| 2014 | 62.32 |
| 2015 | 60.44 |
| 2016 | 60.44 |
| 2020 | 60.74 |
Bound rate, simple mean, all products (%)
Bound rate, simple mean, all products (%) in Nigeria was 121.32 as of 2020. Its highest value over the past 25 years was 121.32 in 2020, while its lowest value was 114.78 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.
Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.
See also:
| Year | Value |
|---|---|
| 1995 | 114.98 |
| 1996 | 114.78 |
| 1997 | 114.78 |
| 1998 | 114.78 |
| 1999 | 114.78 |
| 2000 | 114.78 |
| 2001 | 114.78 |
| 2002 | 114.78 |
| 2003 | 114.78 |
| 2005 | 115.14 |
| 2006 | 115.14 |
| 2008 | 115.14 |
| 2009 | 118.11 |
| 2010 | 118.11 |
| 2011 | 118.11 |
| 2013 | 118.11 |
| 2014 | 118.11 |
| 2015 | 120.91 |
| 2016 | 120.91 |
| 2020 | 121.32 |
Bound rate, simple mean, primary products (%)
Bound rate, simple mean, primary products (%) in Nigeria was 146.82 as of 2020. Its highest value over the past 25 years was 146.82 in 2020, while its lowest value was 145.72 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 | 145.72 |
| 1996 | 145.80 |
| 1997 | 145.80 |
| 1998 | 145.80 |
| 1999 | 145.80 |
| 2000 | 145.80 |
| 2001 | 145.80 |
| 2002 | 145.80 |
| 2003 | 145.80 |
| 2005 | 145.84 |
| 2006 | 145.84 |
| 2008 | 145.84 |
| 2009 | 145.86 |
| 2010 | 145.86 |
| 2011 | 145.86 |
| 2013 | 145.86 |
| 2014 | 145.86 |
| 2015 | 146.82 |
| 2016 | 146.82 |
| 2020 | 146.82 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Tariffs
