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

Bound rate, simple mean, primary products (%) in Nigeria was 146.82 as of 2020. Its highest value over the past 25 years was 146.82 in 2020, while its lowest value was 145.72 in 1995.

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
1995 145.72
1996 145.80
1997 145.80
1998 145.80
1999 145.80
2000 145.80
2001 145.80
2002 145.80
2003 145.80
2005 145.84
2006 145.84
2008 145.84
2009 145.86
2010 145.86
2011 145.86
2013 145.86
2014 145.86
2015 146.82
2016 146.82
2020 146.82

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs