Nigeria - 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 |
Periodicity: Annual
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Tariffs
