Barbados - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Barbados was 73.47 as of 2020. Its highest value over the past 24 years was 73.47 in 2020, while its lowest value was 73.33 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. 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
1996 73.33
1999 73.43
2000 73.43
2001 73.43
2002 73.43
2003 73.43
2004 73.43
2006 73.37
2007 73.37
2010 73.37
2011 73.37
2012 73.39
2013 73.39
2020 73.47

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Barbados was 78.93 as of 2020. Its highest value over the past 24 years was 78.93 in 2020, while its lowest value was 78.01 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
1996 78.01
1999 78.18
2000 78.18
2001 78.18
2002 78.18
2003 78.18
2004 78.18
2006 78.18
2007 78.18
2010 78.18
2011 78.18
2012 78.24
2013 78.24
2020 78.93

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Barbados was 97.19 as of 2020. Its highest value over the past 24 years was 97.19 in 2020, while its lowest value was 95.25 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. 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
1996 95.25
1999 95.85
2000 95.85
2001 95.85
2002 95.85
2003 95.85
2004 95.85
2006 95.75
2007 95.75
2010 95.75
2011 95.75
2012 95.81
2013 95.81
2020 97.19

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs