Bound rate, simple mean, manufactured products in Kuwait

Kuwait: Bound rate, simple mean, manufactured products was 97.7% in 2022. ▬ Flat

Latest (2022)
97.7%
Change on year
down 0.0%
World rank
2nd
of 157 countries
All-time high
97.7%
in 2017
All-time low
97.1%
in 2003
Years of data
21
2002–2022

Bound rate, simple mean, manufactured products in Kuwait, 2002–2022

0204060801002002201220222002: 97.4 %2003: 97.1 %2004: 97.1 %2005: 97.1 %2006: 97.1 %2007: 97.7 %2008: 97.7 %2009: 97.7 %2010: 97.7 %2011: 97.7 %2012: 97.7 %2013: 97.7 %2014: 97.7 %2015: 97.7 %2016: 97.7 %2017: 97.7 %2018: 97.7 %2019: 97.7 %2020: 97.7 %2021: 97.7 %2022: 97.7 %

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

Analysis

Kuwait recorded 97.7% for bound rate, simple mean, manufactured products in 2022.

That represents a change of up 0.0% over ten years.

Over the whole period, bound rate, simple mean, manufactured products in Kuwait peaked at 97.7% in 2017 and was at its lowest, 97.1%, in 2003.

That places Kuwait 2nd out of 157 countries with data for 2022, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2000s 97.3% 97.1% 97.7% 8
2010s 97.7% 97.7% 97.7% 10
2020s 97.7% 97.7% 97.7% 3

Countries ranked near Kuwait

  1. 1 Tanzania 120.0% compare
  2. 3 Democratic Republic of Congo 95.5% compare
  3. 4 Rwanda 90.8% compare
  4. 5 Togo 80.0% compare

See the full ranking of 158 places →

More private sector data for Kuwait

All data for Kuwait →

Frequently asked questions

What is bound rate, simple mean, manufactured products in Kuwait?
Bound rate, simple mean, manufactured products in Kuwait was 97.7% in 2022, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, manufactured products recorded in Kuwait?
The highest recorded value was 97.7% in 2017.
What is the lowest bound rate, simple mean, manufactured products recorded in Kuwait?
The lowest recorded value was 97.1% in 2003.
How does Kuwait rank for bound rate, simple mean, manufactured products?
Kuwait ranks 2nd out of 157 countries with data for 2022.
Is bound rate, simple mean, manufactured products rising or falling in Kuwait?
Over the last ten years it is up 0.0%. The long-run trend across the full record is flat.
Where does this Kuwait data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, manufactured products (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Bound rate, simple mean, manufactured 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.