Statizoid

Binding coverage, all products in South Korea

South Korea: Binding coverage, all products was 0.0% in 2022. ▼ Falling

Latest (2022)
0.0%
Change on year
down 100.0%
World rank
60th
of 158 countries
All-time high
96.2%
in 1995
All-time low
0.0%
in 2022
Years of data
27
1995–2022

Binding coverage, all products in South Korea, 1995–2022

0204060801001995200820221995: 96.2 %1996: 95.9 %1997: 95.9 %1998: 95.9 %1999: 95.9 %2000: 95.9 %2001: 95.9 %2002: 94.6 %2003: 94.6 %2004: 94.6 %2005: 94.6 %2006: 94.6 %2007: 94.7 %2008: 94.7 %2009: 94.7 %2010: 94.7 %2011: 94.7 %2012: 94.1 %2013: 94.1 %2014: 94.1 %2015: 94.4 %2016: 94.4 %2017: 94.5 %2018: 94.5 %2020: 94.5 %2021: 94.5 %2022: 0 %

Source: Staff estimates, World Bank (WB). Measured in %.

Analysis

In 2022, binding coverage, all products in South Korea stood at 0.0%. That is the lowest value across all 27 years on record.

The figure is down 100.0% on the previous year and down 100.0% over ten years.

Over the whole period, binding coverage, all products in South Korea peaked at 96.2% in 1995 and was at its lowest, 0.0%, in 2022.

That places South Korea 60th out of 158 countries with data for 2022, putting it in the middle of the range.

The long-run direction has been consistently falling across the 27 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 95.9% 95.9% 96.2% 5
2000s 94.9% 94.6% 95.9% 10
2010s 94.4% 94.1% 94.7% 9
2020s 63.0% 0.0% 94.5% 3

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See the full ranking of 159 places →

More private sector data for South Korea

All data for South Korea →

Frequently asked questions

What is binding coverage, all products in South Korea?
Binding coverage, all products in South Korea was 0.0% in 2022, according to Staff estimates, World Bank (WB).
What is the highest binding coverage, all products recorded in South Korea?
The highest recorded value was 96.2% in 1995.
What is the lowest binding coverage, all products recorded in South Korea?
The lowest recorded value was 0.0% in 2022.
How does South Korea rank for binding coverage, all products?
South Korea ranks 60th out of 158 countries with data for 2022.
Is binding coverage, all products rising or falling in South Korea?
Over the last ten years it is down 100.0%. The long-run trend across the full record is falling.
Where does this South Korea data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, all products (%). Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Binding coverage, all products (%)
Unit
%
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
159 places, 3,312 data points, 1995–2022
Last refreshed

Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.