Bound rate, simple mean, all products in Vanuatu

Vanuatu: Bound rate, simple mean, all products was 40.1% in 2021. ▬ Flat

Latest (2021)
40.1%
Change on year
unchanged
World rank
49th
of 157 countries
All-time high
40.1%
in 2015
All-time low
39.7%
in 2012
Years of data
6
2012–2021

Bound rate, simple mean, all products in Vanuatu, 2012–2021

0102030402012201620212012: 39.7 %2015: 40.1 %2016: 40.1 %2017: 40.1 %2020: 40.1 %2021: 40.1 %

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

Analysis

In 2021, bound rate, simple mean, all products in Vanuatu stood at 40.1%. That is the highest value across all 6 years on record.

The figure is up 1.1% over ten years.

Over the whole period, bound rate, simple mean, all products in Vanuatu peaked at 40.1% in 2015 and was at its lowest, 39.7%, in 2012.

Vanuatu ranks 49th of 157 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 40.0% 39.7% 40.1% 4
2020s 40.1% 40.1% 40.1% 2

Countries ranked near Vanuatu

  1. 46 Djibouti 41.3% compare
  2. 47 Nicaragua 41.1% compare
  3. 48 Fiji 40.1% compare
  4. 50 Bolivia 40.0% compare
  5. 51 Indonesia 37.3% compare
  6. 52 El Salvador 36.9% compare

See the full ranking of 158 places →

More private sector data for Vanuatu

All data for Vanuatu →

Frequently asked questions

What is bound rate, simple mean, all products in Vanuatu?
Bound rate, simple mean, all products in Vanuatu was 40.1% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Vanuatu?
The highest recorded value was 40.1% in 2015.
What is the lowest bound rate, simple mean, all products recorded in Vanuatu?
The lowest recorded value was 39.7% in 2012.
How does Vanuatu rank for bound rate, simple mean, all products?
Vanuatu ranks 49th out of 157 countries with data for 2021.
Is bound rate, simple mean, all products rising or falling in Vanuatu?
Over the last ten years it is up 1.1%. The long-run trend across the full record is flat.
Where does this Vanuatu 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.