Iceland - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Iceland was 10.35 as of 2019. Its highest value over the past 23 years was 10.77 in 2001, while its lowest value was 10.34 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
1996 10.77
1998 10.77
1999 10.77
2000 10.77
2001 10.77
2003 10.65
2004 10.65
2005 10.65
2006 10.65
2007 10.50
2008 10.50
2009 10.50
2010 10.50
2011 10.50
2012 10.43
2013 10.43
2014 10.43
2015 10.34
2016 10.34
2017 10.35
2019 10.35

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Iceland was 13.84 as of 2019. Its highest value over the past 23 years was 25.82 in 2014, while its lowest value was 13.50 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 13.50
1998 13.50
1999 13.50
2000 13.50
2001 13.50
2003 23.98
2004 23.98
2005 23.98
2006 23.98
2007 24.34
2008 24.34
2009 24.34
2010 24.34
2011 24.34
2012 25.82
2013 25.82
2014 25.82
2015 13.75
2016 13.75
2017 13.84
2019 13.84

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Iceland was 22.59 as of 2019. Its highest value over the past 23 years was 68.10 in 2009, while its lowest value was 22.29 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. 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 23.89
1998 23.89
1999 23.89
2000 23.89
2001 23.89
2003 67.15
2004 67.15
2005 67.15
2006 67.15
2007 68.10
2008 68.10
2009 68.10
2010 68.08
2011 68.08
2012 67.12
2013 67.12
2014 67.12
2015 22.29
2016 22.29
2017 22.59
2019 22.59

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs