Bound rate, simple mean, all products in Colombia
Colombia: Bound rate, simple mean, all products was 42.8% in 2022. ▬ Flat
Bound rate, simple mean, all products in Colombia, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Colombia is 42.8%, measured in 2022. That is the highest value across all 28 years on record.
That represents a change of up 2.0% over ten years.
Over the whole period, bound rate, simple mean, all products in Colombia peaked at 42.8% in 2017 and was at its lowest, 41.9%, in 2002.
That places Colombia 43rd out of 157 countries with data for 2022, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 41.9% | 41.9% | 41.9% | 5 |
| 2000s | 41.9% | 41.9% | 42.0% | 10 |
| 2010s | 42.5% | 42.0% | 42.8% | 10 |
| 2020s | 42.8% | 42.8% | 42.8% | 3 |
Countries ranked near Colombia
More private sector data for Colombia
- Merchandise exports 50.09 billion current US$ (2025)
- Manufactures exports 21.4% (2024)
- Food exports 18.1% (2024)
- Merchandise imports 70.50 billion current US$ (2025)
- Manufactures imports 72.9% (2024)
- Food imports 13.7% (2024)
- Merchandise trade 26.4% (2025)
- Commercial service exports 19.37 billion current US$ (2025)
- Transport services 24.5% (2025)
- Computer, communications and other services 32.5% (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Colombia?
- Bound rate, simple mean, all products in Colombia was 42.8% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Colombia?
- The highest recorded value was 42.8% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Colombia?
- The lowest recorded value was 41.9% in 2002.
- How does Colombia rank for bound rate, simple mean, all products?
- Colombia ranks 43rd out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Colombia?
- Over the last ten years it is up 2.0%. The long-run trend across the full record is flat.
- Where does this Colombia 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 — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.