Iceland - 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

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs