Chile vs Panama: Bound rate, simple mean, primary products

Chile

25.6%

in 2022

Panama

26.9%

in 2021

Chile rank

87th

Panama rank

85th

Bound rate, simple mean, primary products over time

Chile
Panama

How they compare

Panama currently reports 26.9% against 25.6% in Chile, a difference of 1.3%.

That makes Panama's figure about 1.1 times Chile's.

Across all 20 years both countries report, Panama has been ahead every year.

Globally, Chile ranks 87th and Panama ranks 85th of 157 countries.

Individual pages

About this data

Indicator: Bound rate, simple mean, primary products (%)
Unit: %
Source: Staff estimates, World Bank (WB)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 158 places, 3,133 data points, 1995–2022
Last refreshed: 06 August 2026

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).