Statizoid

Ecuador vs Iceland: Bound rate, simple mean, primary products

Ecuador
23.6%
in 2022
Iceland
22.6%
in 2021
Ecuador rank
91st
Iceland rank
93rd

Bound rate, simple mean, primary products over time

  • Ecuador
  • Iceland
203040506070199620092022

How they compare

Ecuador currently reports 23.6% against 22.6% in Iceland, a difference of 1.1%.

The two have swapped places 1 time across 21 shared years of data; in 1996 it was Iceland ahead.

Globally, Ecuador ranks 91st and Iceland ranks 93rd 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

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).