Bound rate, simple mean, all products in Brunei

Brunei: Bound rate, simple mean, all products was 24.3% in 2022. ▬ Flat

Latest (2022)
24.3%
Change on year
unchanged
World rank
78th
of 157 countries
All-time high
26.5%
in 2008
All-time low
24.3%
in 2017
Years of data
24
1996–2022

Bound rate, simple mean, all products in Brunei, 1996–2022

01020301996200920221996: 24.4 %1997: 24.4 %1998: 24.4 %1999: 24.4 %2000: 24.4 %2001: 24.4 %2002: 24.4 %2003: 24.4 %2004: 24.4 %2005: 24.4 %2006: 24.4 %2007: 26.5 %2008: 26.5 %2009: 26.5 %2010: 26.4 %2011: 26.4 %2014: 26.5 %2016: 24.3 %2017: 24.3 %2018: 24.3 %2019: 24.3 %2020: 24.3 %2021: 24.3 %2022: 24.3 %

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

Analysis

In 2022, bound rate, simple mean, all products in Brunei stood at 24.3%. That is the lowest value across all 24 years on record.

That represents a change of down 8.1% over ten years.

Over the whole period, bound rate, simple mean, all products in Brunei peaked at 26.5% in 2008 and was at its lowest, 24.3%, in 2017.

That places Brunei 78th out of 157 countries with data for 2022, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
1990s 24.4% 24.4% 24.4% 4
2000s 25.0% 24.4% 26.5% 10
2010s 25.2% 24.3% 26.5% 7
2020s 24.3% 24.3% 24.3% 3

Countries ranked near Brunei

  1. 75 Philippines 25.8% compare
  2. 76 Thailand 25.4% compare
  3. 77 Chile 25.1% compare
  4. 79 Israel 23.2% compare
  5. 80 Panama 23.0% compare
  6. 81 Gabon 22.8% compare

See the full ranking of 158 places →

More private sector data for Brunei

All data for Brunei →

Frequently asked questions

What is bound rate, simple mean, all products in Brunei?
Bound rate, simple mean, all products in Brunei was 24.3% in 2022, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Brunei?
The highest recorded value was 26.5% in 2008.
What is the lowest bound rate, simple mean, all products recorded in Brunei?
The lowest recorded value was 24.3% in 2017.
How does Brunei rank for bound rate, simple mean, all products?
Brunei ranks 78th out of 157 countries with data for 2022.
Is bound rate, simple mean, all products rising or falling in Brunei?
Over the last ten years it is down 8.1%. The long-run trend across the full record is flat.
Where does this Brunei 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.

Download this data

CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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.