Bound rate, simple mean, all products in Kuwait

Kuwait: Bound rate, simple mean, all products was 98.2% in 2022. ▬ Flat

Latest (2022)
98.2%
Change on year
down 0.1%
World rank
6th
of 157 countries
All-time high
98.3%
in 2017
All-time low
97.8%
in 2003
Years of data
21
2002–2022

Bound rate, simple mean, all products in Kuwait, 2002–2022

0204060801002002201220222002: 98 %2003: 97.8 %2004: 97.8 %2005: 97.8 %2006: 97.8 %2007: 98.2 %2008: 98.2 %2009: 98.2 %2010: 98.2 %2011: 98.2 %2012: 98.3 %2013: 98.3 %2014: 98.3 %2015: 98.3 %2016: 98.3 %2017: 98.3 %2018: 98.3 %2019: 98.3 %2020: 98.3 %2021: 98.3 %2022: 98.2 %

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

Analysis

In 2022, bound rate, simple mean, all products in Kuwait stood at 98.2%.

The figure is down 0.1% on the previous year and down 0.0% over ten years.

Over the whole period, bound rate, simple mean, all products in Kuwait peaked at 98.3% in 2017 and was at its lowest, 97.8%, in 2003.

Kuwait ranks 6th of 157 countries on this measure, in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2000s 98.0% 97.8% 98.2% 8
2010s 98.3% 98.2% 98.3% 10
2020s 98.3% 98.2% 98.3% 3

Countries ranked near Kuwait

  1. 3 Tanzania 120.0% compare
  2. 4 Zambia 107.6% compare
  3. 5 Gambia 103.5% compare
  4. 7 Mozambique 97.7% compare
  5. 8 Democratic Republic of Congo 96.1% compare
  6. 9 Kenya 94.7% compare

See the full ranking of 158 places →

More private sector data for Kuwait

All data for Kuwait →

Frequently asked questions

What is bound rate, simple mean, all products in Kuwait?
Bound rate, simple mean, all products in Kuwait was 98.2% in 2022, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Kuwait?
The highest recorded value was 98.3% in 2017.
What is the lowest bound rate, simple mean, all products recorded in Kuwait?
The lowest recorded value was 97.8% in 2003.
How does Kuwait rank for bound rate, simple mean, all products?
Kuwait ranks 6th out of 157 countries with data for 2022.
Is bound rate, simple mean, all products rising or falling in Kuwait?
Over the last ten years it is down 0.0%. The long-run trend across the full record is flat.
Where does this Kuwait 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.