Panama - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Panama was 21.82 as of 2020. Its highest value over the past 23 years was 21.82 in 2020, while its lowest value was 21.62 in 2005.

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
1997 21.79
1998 21.68
1999 21.68
2000 21.68
2001 21.68
2002 21.68
2003 21.68
2004 21.63
2005 21.62
2006 21.63
2007 21.63
2008 21.75
2009 21.75
2010 21.75
2011 21.75
2012 21.76
2013 21.76
2015 21.76
2020 21.82

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Panama was 22.96 as of 2020. Its highest value over the past 23 years was 22.96 in 2020, while its lowest value was 22.78 in 2005.

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
1997 22.93
1998 22.83
1999 22.83
2000 22.83
2001 22.83
2002 22.83
2003 22.83
2004 22.80
2005 22.78
2006 22.80
2007 22.80
2008 22.90
2009 22.90
2010 22.90
2011 22.90
2012 22.91
2013 22.91
2015 22.91
2020 22.96

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Panama was 26.92 as of 2020. Its highest value over the past 23 years was 27.03 in 1997, while its lowest value was 26.92 in 2020.

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
1997 27.03
1998 27.02
1999 27.02
2000 27.02
2001 27.02
2002 27.02
2003 27.02
2004 26.96
2005 26.94
2006 26.96
2007 26.96
2008 26.95
2009 26.95
2010 26.95
2011 26.95
2012 26.93
2013 26.93
2015 26.93
2020 26.92

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs