Bound rate, simple mean, all products in Oman

Oman: Bound rate, simple mean, all products was 14.1% in 2021. ▬ Flat

Latest (2021)
14.1%
Change on year
unchanged
World rank
103rd
of 157 countries
All-time high
14.1%
in 2017
All-time low
13.6%
in 2003
Years of data
19
2001–2021

Bound rate, simple mean, all products in Oman, 2001–2021

0510152001201120212001: 13.7 %2002: 13.7 %2003: 13.6 %2004: 13.6 %2005: 13.6 %2006: 13.6 %2007: 13.8 %2008: 13.8 %2009: 13.8 %2012: 14 %2013: 14 %2014: 14 %2015: 14 %2016: 14 %2017: 14.1 %2018: 14.1 %2019: 14.1 %2020: 14.1 %2021: 14.1 %

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

Analysis

In 2021, bound rate, simple mean, all products in Oman stood at 14.1%. That is the highest value across all 19 years on record.

Compared with earlier readings it is up 0.3% over ten years.

Over the whole period, bound rate, simple mean, all products in Oman peaked at 14.1% in 2017 and was at its lowest, 13.6%, in 2003.

Oman ranks 103rd of 157 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.7% 13.6% 13.8% 9
2010s 14.0% 14.0% 14.1% 8
2020s 14.1% 14.1% 14.1% 2

Countries ranked near Oman

  1. 100 Qatar 15.8% compare
  2. 101 United Arab Emirates 14.7% compare
  3. 102 Malaysia 14.5% compare
  4. 104 Iceland 13.8% compare
  5. 105 Vietnam 11.4% compare
  6. 106 Cote d'Ivoire 11.2% compare

See the full ranking of 158 places →

More private sector data for Oman

All data for Oman →

Frequently asked questions

What is bound rate, simple mean, all products in Oman?
Bound rate, simple mean, all products in Oman was 14.1% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Oman?
The highest recorded value was 14.1% in 2017.
What is the lowest bound rate, simple mean, all products recorded in Oman?
The lowest recorded value was 13.6% in 2003.
How does Oman rank for bound rate, simple mean, all products?
Oman ranks 103rd out of 157 countries with data for 2021.
Is bound rate, simple mean, all products rising or falling in Oman?
Over the last ten years it is up 0.3%. The long-run trend across the full record is flat.
Where does this Oman 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.