Panama - Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Panama was 26.92 as of 2020. Its highest value over the past 23 years was 27.03 in 1997, while its lowest value was 26.92 in 2020.

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
1997 27.03
1998 27.02
1999 27.02
2000 27.02
2001 27.02
2002 27.02
2003 27.02
2004 26.96
2005 26.94
2006 26.96
2007 26.96
2008 26.95
2009 26.95
2010 26.95
2011 26.95
2012 26.93
2013 26.93
2015 26.93
2020 26.92

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs