Bound rate, simple mean, all products in European Union
European Union: Bound rate, simple mean, all products was 4.4% in 2021. ▼ Falling
Bound rate, simple mean, all products in European Union, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
European Union recorded 4.4% for bound rate, simple mean, all products in 2021.
The figure is down 24.7% over ten years.
Over the whole period, bound rate, simple mean, all products in European Union peaked at 6.3% in 2001 and was at its lowest, 4.1%, in 1995.
The long-run direction has been consistently falling across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.7% | 4.1% | 6.2% | 5 |
| 2000s | 6.1% | 5.9% | 6.3% | 10 |
| 2010s | 5.2% | 4.4% | 6.0% | 10 |
| 2020s | 4.4% | 4.4% | 4.4% | 2 |
More private sector data for European Union
- Merchandise exports 7.66 trillion current US$ (2025)
- Manufactures exports 76.6% (2024)
- Food exports 11.0% (2024)
- Merchandise imports 7.41 trillion current US$ (2025)
- Manufactures imports 70.7% (2024)
- Food imports 10.7% (2024)
- Merchandise trade 70.9% (2025)
- Commercial service exports 3.61 trillion current US$ (2025)
- Transport services 18.5% (2025)
- Computer, communications and other services 53.1% (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in European Union?
- Bound rate, simple mean, all products in European Union was 4.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in European Union?
- The highest recorded value was 6.3% in 2001.
- What is the lowest bound rate, simple mean, all products recorded in European Union?
- The lowest recorded value was 4.1% in 1995.
- Is bound rate, simple mean, all products rising or falling in European Union?
- Over the last ten years it is down 24.7%. The long-run trend across the full record is falling.
- Where does this European Union 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 — 27 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.