Bound rate, simple mean, primary products in Benin

Benin: Bound rate, simple mean, primary products was 58.2% in 2021. ▬ Flat

Latest (2021)
58.2%
Change on year
unchanged
World rank
41st
of 157 countries
All-time high
59.0%
in 2001
All-time low
58.2%
in 2015
Years of data
21
2001–2021

Bound rate, simple mean, primary products in Benin, 2001–2021

02040602001201120212001: 59 %2002: 59 %2003: 58.9 %2004: 58.9 %2005: 58.9 %2006: 58.9 %2007: 58.8 %2008: 58.8 %2009: 58.8 %2010: 58.8 %2011: 58.8 %2012: 58.8 %2013: 58.8 %2014: 58.8 %2015: 58.2 %2016: 58.2 %2017: 58.2 %2018: 58.2 %2019: 58.2 %2020: 58.2 %2021: 58.2 %

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

Analysis

The most recent figure for bound rate, simple mean, primary products in Benin is 58.2%, measured in 2021. That is the lowest value across all 21 years on record.

Compared with earlier readings it is down 1.0% over ten years.

Over the whole period, bound rate, simple mean, primary products in Benin peaked at 59.0% in 2001 and was at its lowest, 58.2%, in 2015.

That places Benin 41st out of 157 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 58.9% 58.8% 59.0% 9
2010s 58.5% 58.2% 58.8% 10
2020s 58.2% 58.2% 58.2% 2

Countries ranked near Benin

  1. 38 Niger 68.1% compare
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  3. 40 Egypt 61.3% compare
  4. 42 Turkey 57.6% compare
  5. 43 Mali 56.9% compare
  6. 44 Angola 56.3% compare

See the full ranking of 158 places →

More private sector data for Benin

All data for Benin →

Frequently asked questions

What is bound rate, simple mean, primary products in Benin?
Bound rate, simple mean, primary products in Benin was 58.2% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Benin?
The highest recorded value was 59.0% in 2001.
What is the lowest bound rate, simple mean, primary products recorded in Benin?
The lowest recorded value was 58.2% in 2015.
How does Benin rank for bound rate, simple mean, primary products?
Benin ranks 41st out of 157 countries with data for 2021.
Is bound rate, simple mean, primary products rising or falling in Benin?
Over the last ten years it is down 1.0%. The long-run trend across the full record is flat.
Where does this Benin data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, primary products (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Bound rate, simple mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).