Binding coverage, primary products in Laos

Laos: Binding coverage, primary products was 99.9% in 2022. ▬ Flat

Latest (2022)
99.9%
Change on year
unchanged
World rank
6th
of 158 countries
All-time high
100.0%
in 2014
All-time low
99.9%
in 2019
Years of data
9
2014–2022

Binding coverage, primary products in Laos, 2014–2022

0204060801002014201820222014: 100 %2015: 100 %2016: 100 %2017: 100 %2018: 100 %2019: 99.9 %2020: 99.9 %2021: 99.9 %2022: 99.9 %

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

Analysis

The most recent figure for binding coverage, primary products in Laos is 99.9%, measured in 2022. That is the lowest value across all 9 years on record.

That represents a change of down 0.1% over ten years.

Over the whole period, binding coverage, primary products in Laos peaked at 100.0% in 2014 and was at its lowest, 99.9%, in 2019.

That places Laos 6th out of 158 countries with data for 2022, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2010s 100.0% 99.9% 100.0% 6
2020s 99.9% 99.9% 99.9% 3

Countries ranked near Laos

  1. 6 Angola 99.9% compare
  2. 6 Argentina 99.9% compare
  3. 6 Armenia 99.9% compare
  4. 6 Bolivia 99.9% compare
  5. 6 Brazil 99.9% compare
  6. 6 Chile 99.9% compare
  7. 6 Colombia 99.9% compare
  8. 6 Georgia 99.9% compare
  9. 6 Guyana 99.9% compare
  10. 6 Mexico 99.9% compare
  11. 6 Moldova 99.9% compare
  12. 6 Morocco 99.9% compare
  13. 6 Papua New Guinea 99.9% compare
  14. 6 Paraguay 99.9% compare
  15. 6 Peru 99.9% compare
  16. 6 Russia 99.9% compare
  17. 6 Seychelles 99.9% compare
  18. 6 Tonga 99.9% compare
  19. 6 Ukraine 99.9% compare
  20. 6 United Arab Emirates 99.9% compare
  21. 6 Uruguay 99.9% compare

See the full ranking of 159 places →

More private sector data for Laos

All data for Laos →

Frequently asked questions

What is binding coverage, primary products in Laos?
Binding coverage, primary products in Laos was 99.9% in 2022, according to Staff estimates, World Bank (WB).
What is the highest binding coverage, primary products recorded in Laos?
The highest recorded value was 100.0% in 2014.
What is the lowest binding coverage, primary products recorded in Laos?
The lowest recorded value was 99.9% in 2019.
How does Laos rank for binding coverage, primary products?
Laos ranks 6th out of 158 countries with data for 2022.
Is binding coverage, primary products rising or falling in Laos?
Over the last ten years it is down 0.1%. The long-run trend across the full record is flat.
Where does this Laos 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 — 9 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).