Bound rate, simple mean, all products in Singapore
Singapore: Bound rate, simple mean, all products was 6.9% in 2022. ▲ Rising
Bound rate, simple mean, all products in Singapore, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Singapore is 6.9%, measured in 2022.
That represents a change of down 45.3% over ten years.
Over the whole period, bound rate, simple mean, all products in Singapore peaked at 12.6% in 2011 and was at its lowest, 6.6%, in 1996.
That places Singapore 117th out of 157 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.6% | 6.6% | 6.6% | 5 |
| 2000s | 8.4% | 6.6% | 12.5% | 10 |
| 2010s | 9.7% | 6.9% | 12.6% | 10 |
| 2020s | 6.9% | 6.9% | 6.9% | 3 |
Countries ranked near Singapore
More private sector data for Singapore
- Merchandise exports 566.87 billion current US$ (2025)
- Manufactures exports 74.5% (2024)
- Food exports 2.8% (2024)
- Merchandise imports 505.84 billion current US$ (2025)
- Manufactures imports 70.9% (2024)
- Food imports 3.7% (2024)
- Merchandise trade 177.6% (2025)
- Commercial service exports 421.98 billion current US$ (2025)
- Transport services 31.3% (2025)
- Computer, communications and other services 53.4% (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Singapore?
- Bound rate, simple mean, all products in Singapore was 6.9% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Singapore?
- The highest recorded value was 12.6% in 2011.
- What is the lowest bound rate, simple mean, all products recorded in Singapore?
- The lowest recorded value was 6.6% in 1996.
- How does Singapore rank for bound rate, simple mean, all products?
- Singapore ranks 117th out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Singapore?
- Over the last ten years it is down 45.3%. The long-run trend across the full record is rising.
- Where does this Singapore 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.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.