Bound rate, simple mean, all products in Malaysia

Malaysia: Bound rate, simple mean, all products was 14.5% in 2021. ▲ Rising

Latest (2021)
14.5%
Change on year
unchanged
World rank
102nd
of 157 countries
All-time high
36.2%
in 2002
All-time low
14.5%
in 1996
Years of data
22
1996–2021

Bound rate, simple mean, all products in Malaysia, 1996–2021

0102030401996200820211996: 14.5 %1997: 14.5 %1998: 14.5 %1999: 14.5 %2000: 14.5 %2001: 14.5 %2002: 36.2 %2003: 35.8 %2004: 33.8 %2005: 33.2 %2006: 33 %2007: 32.9 %2008: 33.3 %2009: 32.9 %2010: 32.8 %2011: 32.8 %2012: 32.6 %2013: 34.4 %2014: 14.6 %2016: 14.6 %2020: 14.5 %2021: 14.5 %

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

Analysis

Malaysia recorded 14.5% for bound rate, simple mean, all products in 2021.

That represents a change of down 55.7% over ten years.

Over the whole period, bound rate, simple mean, all products in Malaysia peaked at 36.2% in 2002 and was at its lowest, 14.5%, in 1996.

That places Malaysia 102nd out of 157 countries with data for 2021, putting it in the middle of the range.

The long-run direction has been consistently rising across the 22 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 14.5% 14.5% 14.5% 4
2000s 30.0% 14.5% 36.2% 10
2010s 27.0% 14.6% 34.4% 6
2020s 14.5% 14.5% 14.5% 2

Countries ranked near Malaysia

  1. 99 Cape Verde 15.9% compare
  2. 100 Qatar 15.8% compare
  3. 101 United Arab Emirates 14.7% compare
  4. 103 Oman 14.1% compare
  5. 104 Iceland 13.8% compare
  6. 105 Vietnam 11.4% compare

See the full ranking of 158 places →

More private sector data for Malaysia

All data for Malaysia →

Frequently asked questions

What is bound rate, simple mean, all products in Malaysia?
Bound rate, simple mean, all products in Malaysia was 14.5% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Malaysia?
The highest recorded value was 36.2% in 2002.
What is the lowest bound rate, simple mean, all products recorded in Malaysia?
The lowest recorded value was 14.5% in 1996.
How does Malaysia rank for bound rate, simple mean, all products?
Malaysia ranks 102nd out of 157 countries with data for 2021.
Is bound rate, simple mean, all products rising or falling in Malaysia?
Over the last ten years it is down 55.7%. The long-run trend across the full record is rising.
Where does this Malaysia 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.