World - Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in World was 35.50 as of 2017. Its highest value over the past 22 years was 35.50 in 2017, while its lowest value was 29.58 in 1998.

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
1995 29.94
1996 34.44
1997 29.80
1998 29.58
1999 34.94
2000 34.55
2001 33.83
2002 35.02
2003 35.27
2004 30.83
2005 31.02
2006 35.17
2007 32.85
2008 32.33
2009 31.16
2010 34.44
2011 33.75
2012 32.79
2013 33.13
2014 30.19
2015 30.68
2016 31.12
2017 35.50

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs