Upper middle income - Bound rate

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Upper middle income was 40.49 as of 2017. Its highest value over the past 22 years was 41.73 in 1996, while its lowest value was 27.64 in 2009.

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 34.93
1996 41.73
1997 34.20
1998 34.32
1999 40.50
2000 36.35
2001 35.13
2002 35.91
2003 35.59
2004 27.69
2005 27.88
2006 34.26
2007 32.86
2008 29.43
2009 27.64
2010 32.58
2011 32.22
2012 33.15
2013 33.41
2014 27.67
2015 31.39
2016 31.02
2017 40.49

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs