Solomon Islands - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Solomon Islands was 79.80 as of 2020. Its highest value over the past 14 years was 80.03 in 2013, while its lowest value was 79.45 in 2006.

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
2006 79.45
2007 79.66
2008 79.61
2010 79.76
2011 79.91
2013 80.03
2015 79.73
2016 79.73
2017 79.73
2018 79.73
2019 79.80
2020 79.80

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Solomon Islands was 79.08 as of 2020. Its highest value over the past 14 years was 79.08 in 2020, while its lowest value was 78.55 in 2006.

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
2006 78.55
2007 78.70
2008 78.63
2010 78.83
2011 78.94
2013 78.99
2015 79.08
2016 79.08
2017 79.08
2018 79.08
2019 79.08
2020 79.08

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Solomon Islands was 76.93 as of 2020. Its highest value over the past 14 years was 77.12 in 2018, while its lowest value was 75.23 in 2008.

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
2006 75.41
2007 75.40
2008 75.23
2010 75.55
2011 75.55
2013 75.34
2015 77.12
2016 77.12
2017 77.12
2018 77.12
2019 76.93
2020 76.93

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs