Bound rate, simple mean, all products in Benin

Benin: Bound rate, simple mean, all products was 29.5% in 2021. ▬ Flat

Latest (2021)
29.5%
Change on year
unchanged
World rank
70th
of 157 countries
All-time high
29.5%
in 2017
All-time low
28.3%
in 2001
Years of data
21
2001–2021

Bound rate, simple mean, all products in Benin, 2001–2021

01020302001201120212001: 28.3 %2002: 28.3 %2003: 28.6 %2004: 28.6 %2005: 28.6 %2006: 28.6 %2007: 28.4 %2008: 28.4 %2009: 28.4 %2010: 28.4 %2011: 28.4 %2012: 28.4 %2013: 28.4 %2014: 28.4 %2015: 29.4 %2016: 29.4 %2017: 29.5 %2018: 29.5 %2019: 29.5 %2020: 29.5 %2021: 29.5 %

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

Analysis

In 2021, bound rate, simple mean, all products in Benin stood at 29.5%. That is the highest value across all 21 years on record.

Compared with earlier readings it is up 4.0% over ten years.

Over the whole period, bound rate, simple mean, all products in Benin peaked at 29.5% in 2017 and was at its lowest, 28.3%, in 2001.

That places Benin 70th out of 157 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 28.5% 28.3% 28.6% 9
2010s 28.9% 28.4% 29.5% 10
2020s 29.5% 29.5% 29.5% 2

Countries ranked near Benin

  1. 67 Turkey 30.1% compare
  2. 68 Senegal 30.0% compare
  3. 69 Mali 29.6% compare
  4. 71 Peru 29.5% compare
  5. 72 Madagascar 27.5% compare
  6. 73 Congo 27.4% compare

See the full ranking of 158 places →

More private sector data for Benin

All data for Benin →

Frequently asked questions

What is bound rate, simple mean, all products in Benin?
Bound rate, simple mean, all products in Benin was 29.5% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Benin?
The highest recorded value was 29.5% in 2017.
What is the lowest bound rate, simple mean, all products recorded in Benin?
The lowest recorded value was 28.3% in 2001.
How does Benin rank for bound rate, simple mean, all products?
Benin ranks 70th out of 157 countries with data for 2021.
Is bound rate, simple mean, all products rising or falling in Benin?
Over the last ten years it is up 4.0%. The long-run trend across the full record is flat.
Where does this Benin data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, all products (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Bound rate, simple mean, all 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.