Bound rate, simple mean, all products in Turkey

Turkey: Bound rate, simple mean, all products was 30.1% in 2021. ▲ Rising

Latest (2021)
30.1%
Change on year
unchanged
World rank
67th
of 157 countries
All-time high
30.1%
in 2017
All-time low
28.0%
in 1995
Years of data
25
1995–2021

Bound rate, simple mean, all products in Turkey, 1995–2021

01020301995200820211995: 28 %1996: 28.2 %1997: 28.2 %1998: 28.2 %1999: 28.2 %2000: 28.2 %2001: 28.2 %2002: 28.5 %2003: 28.5 %2004: 28.5 %2005: 28.7 %2006: 28.6 %2007: 28.7 %2008: 28.7 %2009: 28.7 %2010: 29 %2011: 28.9 %2013: 30.1 %2015: 30.1 %2016: 30.1 %2017: 30.1 %2018: 30.1 %2019: 30.1 %2020: 30.1 %2021: 30.1 %

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

Analysis

The most recent figure for bound rate, simple mean, all products in Turkey is 30.1%, measured in 2021. That is the highest value across all 25 years on record.

Compared with earlier readings it is up 4.4% over ten years.

Over the whole period, bound rate, simple mean, all products in Turkey peaked at 30.1% in 2017 and was at its lowest, 28.0%, in 1995.

Turkey ranks 67th of 157 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 25 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 28.2% 28.0% 28.2% 5
2000s 28.5% 28.2% 28.7% 10
2010s 29.8% 28.9% 30.1% 8
2020s 30.1% 30.1% 30.1% 2

Countries ranked near Turkey

  1. 64 Sri Lanka 31.7% compare
  2. 65 Uruguay 31.7% compare
  3. 66 Brazil 31.5% compare
  4. 68 Senegal 30.0% compare
  5. 69 Mali 29.6% compare
  6. 70 Benin 29.5% compare

See the full ranking of 158 places →

More private sector data for Turkey

All data for Turkey →

Frequently asked questions

What is bound rate, simple mean, all products in Turkey?
Bound rate, simple mean, all products in Turkey was 30.1% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Turkey?
The highest recorded value was 30.1% in 2017.
What is the lowest bound rate, simple mean, all products recorded in Turkey?
The lowest recorded value was 28.0% in 1995.
How does Turkey rank for bound rate, simple mean, all products?
Turkey ranks 67th out of 157 countries with data for 2021.
Is bound rate, simple mean, all products rising or falling in Turkey?
Over the last ten years it is up 4.4%. The long-run trend across the full record is rising.
Where does this Turkey 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 — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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.