Saudi Arabia - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Saudi Arabia was 10.27 as of 2020. Its highest value over the past 15 years was 10.27 in 2020, while its lowest value was 10.19 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
2005 10.19
2006 10.19
2007 10.27
2008 10.27
2009 10.27
2011 10.27
2012 10.24
2013 10.24
2014 10.24
2015 10.24
2017 10.27
2020 10.27

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Saudi Arabia was 10.66 as of 2020. Its highest value over the past 15 years was 11.32 in 2007, while its lowest value was 10.63 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.

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.

See also:

Year Value
2005 10.64
2006 10.64
2007 11.32
2008 11.29
2009 11.26
2011 11.22
2012 11.18
2013 11.18
2014 11.18
2015 10.63
2017 10.66
2020 10.66

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Saudi Arabia was 11.82 as of 2020. Its highest value over the past 15 years was 14.91 in 2007, while its lowest value was 11.77 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
2005 12.23
2006 12.23
2007 14.91
2008 14.78
2009 14.64
2011 14.48
2012 13.95
2013 13.95
2014 13.95
2015 11.77
2017 11.82
2020 11.82

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs