Bound rate, simple mean, all products in North Macedonia

North Macedonia: Bound rate, simple mean, all products was 6.9% in 2021. ▬ Flat

Latest (2021)
6.9%
Change on year
unchanged
World rank
118th
of 157 countries
All-time high
7.0%
in 2007
All-time low
6.8%
in 2004
Years of data
18
2004–2021

Bound rate, simple mean, all products in North Macedonia, 2004–2021

024682004201220212004: 6.8 %2005: 6.8 %2006: 6.8 %2007: 7 %2008: 7 %2009: 7 %2010: 7 %2011: 7 %2012: 7 %2013: 7 %2014: 7 %2015: 6.8 %2016: 6.8 %2017: 6.9 %2018: 6.9 %2019: 6.9 %2020: 6.9 %2021: 6.9 %

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

Analysis

The most recent figure for bound rate, simple mean, all products in North Macedonia is 6.9%, measured in 2021.

Compared with earlier readings it is down 1.9% over ten years.

Over the whole period, bound rate, simple mean, all products in North Macedonia peaked at 7.0% in 2007 and was at its lowest, 6.8%, in 2004.

North Macedonia ranks 118th of 157 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 6.9% 6.8% 7.0% 6
2010s 6.9% 6.8% 7.0% 10
2020s 6.9% 6.9% 6.9% 2

Countries ranked near North Macedonia

  1. 115 Russia 7.4% compare
  2. 116 Georgia 7.1% compare
  3. 117 Singapore 6.9% compare
  4. 119 Albania 6.8% compare
  5. 120 Moldova 6.8% compare
  6. 121 Kazakhstan 6.0% compare

See the full ranking of 158 places →

More private sector data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is bound rate, simple mean, all products in North Macedonia?
Bound rate, simple mean, all products in North Macedonia was 6.9% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in North Macedonia?
The highest recorded value was 7.0% in 2007.
What is the lowest bound rate, simple mean, all products recorded in North Macedonia?
The lowest recorded value was 6.8% in 2004.
How does North Macedonia rank for bound rate, simple mean, all products?
North Macedonia ranks 118th out of 157 countries with data for 2021.
Is bound rate, simple mean, all products rising or falling in North Macedonia?
Over the last ten years it is down 1.9%. The long-run trend across the full record is flat.
Where does this North Macedonia 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.