Nigeria - Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Nigeria was 60.74 as of 2020. Its highest value over the past 25 years was 69.04 in 1995, while its lowest value was 60.44 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
1995 69.04
1996 68.41
1997 68.41
1998 68.41
1999 68.41
2000 68.41
2001 68.41
2002 68.41
2003 68.41
2005 65.78
2006 65.78
2008 65.78
2009 62.32
2010 62.32
2011 62.32
2013 62.32
2014 62.32
2015 60.44
2016 60.44
2020 60.74

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs