Bound rate, simple mean, manufactured products in Nigeria
Nigeria: Bound rate, simple mean, manufactured products was 60.7% in 2021. ▼ Falling
Bound rate, simple mean, manufactured products in Nigeria, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Nigeria recorded 60.7% for bound rate, simple mean, manufactured products in 2021.
That represents a change of down 2.5% over ten years.
Over the whole period, bound rate, simple mean, manufactured products in Nigeria peaked at 69.0% in 1995 and was at its lowest, 60.4%, in 2015.
Nigeria ranks 17th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 68.5% | 68.4% | 69.0% | 5 |
| 2000s | 66.7% | 62.3% | 68.4% | 8 |
| 2010s | 61.7% | 60.4% | 62.3% | 6 |
| 2020s | 60.7% | 60.7% | 60.7% | 2 |
Countries ranked near Nigeria
More private sector data for Nigeria
- Merchandise exports 55.47 billion current US$ (2025)
- Manufactures exports 3.5% (2024)
- Food exports 6.0% (2024)
- Merchandise imports 41.45 billion current US$ (2025)
- Manufactures imports 46.0% (2024)
- Food imports 11.0% (2024)
- Merchandise trade 33.3% (2025)
- Commercial service exports 4.55 billion current US$ (2025)
- Transport services 35.0% (2025)
- Computer, communications and other services 24.6% (2025)
Frequently asked questions
- What is bound rate, simple mean, manufactured products in Nigeria?
- Bound rate, simple mean, manufactured products in Nigeria was 60.7% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, manufactured products recorded in Nigeria?
- The highest recorded value was 69.0% in 1995.
- What is the lowest bound rate, simple mean, manufactured products recorded in Nigeria?
- The lowest recorded value was 60.4% in 2015.
- How does Nigeria rank for bound rate, simple mean, manufactured products?
- Nigeria ranks 17th out of 157 countries with data for 2021.
- Is bound rate, simple mean, manufactured products rising or falling in Nigeria?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is falling.
- Where does this Nigeria 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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CSV · JSON — 21 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.