Bound rate, simple mean, primary products in Cuba

Cuba: Bound rate, simple mean, primary products was 33.9% in 2022. ▬ Flat

Latest (2022)
33.9%
Change on year
unchanged
World rank
70th
of 157 countries
All-time high
33.9%
in 2019
All-time low
33.1%
in 1996
Years of data
25
1996–2022

Bound rate, simple mean, primary products in Cuba, 1996–2022

01020301996200920221996: 33.1 %1997: 33.1 %1998: 33.1 %1999: 33.1 %2000: 33.1 %2001: 33.1 %2002: 33.1 %2003: 33.4 %2004: 33.4 %2005: 33.4 %2006: 33.4 %2007: 33.4 %2008: 33.4 %2009: 33.7 %2010: 33.7 %2011: 33.7 %2012: 33.7 %2013: 33.7 %2015: 33.8 %2016: 33.8 %2017: 33.8 %2019: 33.9 %2020: 33.9 %2021: 33.9 %2022: 33.9 %

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

Analysis

The most recent figure for bound rate, simple mean, primary products in Cuba is 33.9%, measured in 2022. That is the highest value across all 25 years on record.

Compared with earlier readings it is up 0.6% over ten years.

Over the whole period, bound rate, simple mean, primary products in Cuba peaked at 33.9% in 2019 and was at its lowest, 33.1%, in 1996.

Cuba ranks 70th of 157 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
1990s 33.1% 33.1% 33.1% 4
2000s 33.3% 33.1% 33.7% 10
2010s 33.7% 33.7% 33.9% 8
2020s 33.9% 33.9% 33.9% 3

Countries ranked near Cuba

  1. 67 Mexico 35.0% compare
  2. 68 Uruguay 34.0% compare
  3. 69 Brazil 34.0% compare
  4. 71 Paraguay 33.7% compare
  5. 72 South Korea 33.5% compare
  6. 73 Honduras 33.2% compare

See the full ranking of 158 places →

More private sector data for Cuba

All data for Cuba →

Frequently asked questions

What is bound rate, simple mean, primary products in Cuba?
Bound rate, simple mean, primary products in Cuba was 33.9% in 2022, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Cuba?
The highest recorded value was 33.9% in 2019.
What is the lowest bound rate, simple mean, primary products recorded in Cuba?
The lowest recorded value was 33.1% in 1996.
How does Cuba rank for bound rate, simple mean, primary products?
Cuba ranks 70th out of 157 countries with data for 2022.
Is bound rate, simple mean, primary products rising or falling in Cuba?
Over the last ten years it is up 0.6%. The long-run trend across the full record is flat.
Where does this Cuba 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).