Binding coverage, primary products in Cuba

Cuba: Binding coverage, primary products was 58.4% in 2022. ▼ Falling

Latest (2022)
58.4%
Change on year
up 0.1%
World rank
54th
of 158 countries
All-time high
61.8%
in 1997
All-time low
57.8%
in 2015
Years of data
25
1996–2022

Binding coverage, primary products in Cuba, 1996–2022

02040601996200920221996: 61.7 %1997: 61.8 %1998: 61.8 %1999: 61.8 %2000: 61.8 %2001: 61.8 %2002: 61.7 %2003: 60.8 %2004: 60.8 %2005: 60.8 %2006: 60.8 %2007: 60.8 %2008: 60.8 %2009: 59.5 %2010: 59.5 %2011: 59.5 %2012: 59.5 %2013: 59.5 %2015: 57.8 %2016: 57.8 %2017: 57.8 %2019: 58.3 %2020: 58.3 %2021: 58.3 %2022: 58.4 %

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

Analysis

In 2022, binding coverage, primary products in Cuba stood at 58.4%.

Compared with earlier readings it is up 0.1% on the previous year and down 1.8% over ten years.

Over the whole period, binding coverage, primary products in Cuba peaked at 61.8% in 1997 and was at its lowest, 57.8%, in 2015.

Cuba ranks 54th of 158 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 25 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 61.8% 61.7% 61.8% 4
2000s 60.9% 59.5% 61.8% 10
2010s 58.7% 57.8% 59.5% 8
2020s 58.4% 58.3% 58.4% 3

Countries ranked near Cuba

  1. 51 Tunisia 63.1% compare
  2. 52 Mauritania 58.6% compare
  3. 53 Myanmar 58.5% compare
  4. 55 Suriname 55.7% compare
  5. 56 Fiji 55.7% compare
  6. 57 Cote d'Ivoire 55.1% compare

See the full ranking of 159 places →

More private sector data for Cuba

All data for Cuba →

Frequently asked questions

What is binding coverage, primary products in Cuba?
Binding coverage, primary products in Cuba was 58.4% in 2022, according to Staff estimates, World Bank (WB).
What is the highest binding coverage, primary products recorded in Cuba?
The highest recorded value was 61.8% in 1997.
What is the lowest binding coverage, primary products recorded in Cuba?
The lowest recorded value was 57.8% in 2015.
How does Cuba rank for binding coverage, primary products?
Cuba ranks 54th out of 158 countries with data for 2022.
Is binding coverage, primary products rising or falling in Cuba?
Over the last ten years it is down 1.8%. The long-run trend across the full record is falling.
Where does this Cuba 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.

Download this data

CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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).