Binding coverage, primary products in Barbados

Barbados: Binding coverage, primary products was 83.8% in 2022. ▼ Falling

Latest (2022)
83.8%
Change on year
unchanged
World rank
42nd
of 158 countries
All-time high
90.8%
in 1999
All-time low
83.8%
in 2021
Years of data
16
1996–2022

Binding coverage, primary products in Barbados, 1996–2022

0204060801001996200920221996: 90.3 %1999: 90.8 %2000: 90.8 %2001: 90.8 %2002: 90.8 %2003: 90.8 %2004: 90.8 %2006: 90.4 %2007: 90.4 %2010: 90.4 %2011: 90.4 %2012: 89.2 %2013: 89.2 %2020: 83.8 %2021: 83.8 %2022: 83.8 %

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

Analysis

Barbados recorded 83.8% for binding coverage, primary products in 2022. That is the lowest value across all 16 years on record.

Compared with earlier readings it is down 6.1% over ten years.

Over the whole period, binding coverage, primary products in Barbados peaked at 90.8% in 1999 and was at its lowest, 83.8%, in 2021.

That places Barbados 42nd 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 16 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 90.5% 90.3% 90.8% 2
2000s 90.7% 90.4% 90.8% 7
2010s 89.8% 89.2% 90.4% 4
2020s 83.8% 83.8% 83.8% 3

Countries ranked near Barbados

  1. 39 Antigua and Barbuda 89.2% compare
  2. 40 Israel 88.8% compare
  3. 41 Singapore 85.6% compare
  4. 42 Dominica 83.8% compare
  5. 42 Saint Kitts and Nevis 83.8% compare
  6. 45 Haiti 81.3% compare

See the full ranking of 159 places →

More private sector data for Barbados

All data for Barbados →

Frequently asked questions

What is binding coverage, primary products in Barbados?
Binding coverage, primary products in Barbados was 83.8% in 2022, according to Staff estimates, World Bank (WB).
What is the highest binding coverage, primary products recorded in Barbados?
The highest recorded value was 90.8% in 1999.
What is the lowest binding coverage, primary products recorded in Barbados?
The lowest recorded value was 83.8% in 2021.
How does Barbados rank for binding coverage, primary products?
Barbados ranks 42nd out of 158 countries with data for 2022.
Is binding coverage, primary products rising or falling in Barbados?
Over the last ten years it is down 6.1%. The long-run trend across the full record is falling.
Where does this Barbados data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Binding coverage, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).