Bound rate, simple mean, all products in Mexico

Mexico: Bound rate, simple mean, all products was 35.0% in 2022. ▬ Flat

Latest (2022)
35.0%
World rank
57th
of 157 countries
All-time high
35.0%
in 2022
All-time low
34.6%
in 2013
Years of data
25
1995–2022

Bound rate, simple mean, all products in Mexico, 1995–2022

01020301995200820221995: 34.9 %1996: 34.9 %1997: 34.9 %1998: 34.9 %1999: 34.9 %2000: 34.9 %2001: 34.9 %2002: 34.6 %2003: 34.7 %2004: 34.6 %2005: 34.6 %2006: 34.6 %2007: 34.6 %2008: 34.6 %2009: 34.6 %2010: 34.6 %2011: 34.6 %2012: 34.6 %2013: 34.6 %2014: 34.6 %2015: 35 %2016: 35 %2017: 35 %2018: 35 %2022: 35 %

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

Analysis

In 2022, bound rate, simple mean, all products in Mexico stood at 35.0%. That is the highest value across all 25 years on record.

Compared with earlier readings it is up 1.0% over ten years.

Over the whole period, bound rate, simple mean, all products in Mexico peaked at 35.0% in 2022 and was at its lowest, 34.6%, in 2013.

That places Mexico 57th out of 157 countries with data for 2022, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
1990s 34.9% 34.9% 34.9% 5
2000s 34.7% 34.6% 34.9% 10
2010s 34.8% 34.6% 35.0% 9
2020s 35.0% 35.0% 35.0% 1

Countries ranked near Mexico

  1. 54 Egypt 36.6% compare
  2. 55 Maldives 36.6% compare
  3. 56 Central African Republic 35.9% compare
  4. 58 Bahrain 34.7% compare
  5. 59 Dominican Republic 34.5% compare
  6. 60 Paraguay 33.5% compare

See the full ranking of 158 places →

More private sector data for Mexico

All data for Mexico →

Frequently asked questions

What is bound rate, simple mean, all products in Mexico?
Bound rate, simple mean, all products in Mexico was 35.0% in 2022, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Mexico?
The highest recorded value was 35.0% in 2022.
What is the lowest bound rate, simple mean, all products recorded in Mexico?
The lowest recorded value was 34.6% in 2013.
How does Mexico rank for bound rate, simple mean, all products?
Mexico ranks 57th out of 157 countries with data for 2022.
Is bound rate, simple mean, all products rising or falling in Mexico?
Over the last ten years it is up 1.0%. The long-run trend across the full record is flat.
Where does this Mexico 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.