Bound rate, simple mean, primary products in Guatemala

Guatemala: Bound rate, simple mean, primary products was 47.9% in 2021. ▬ Flat

Latest (2021)
47.9%
Change on year
unchanged
World rank
46th
of 157 countries
All-time high
47.9%
in 2020
All-time low
46.8%
in 1995
Years of data
22
1995–2021

Bound rate, simple mean, primary products in Guatemala, 1995–2021

010203040501995200820211995: 46.8 %1997: 47.3 %1998: 47.3 %1999: 47.3 %2000: 47.3 %2001: 47.3 %2002: 47.1 %2003: 47.1 %2004: 47.1 %2005: 47.1 %2006: 47.1 %2007: 47 %2008: 47 %2009: 47 %2010: 47 %2011: 47 %2012: 47.7 %2013: 47.7 %2014: 47.7 %2015: 47.7 %2020: 47.9 %2021: 47.9 %

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

Analysis

Guatemala recorded 47.9% for bound rate, simple mean, primary products in 2021. That is the highest value across all 22 years on record.

That represents a change of up 1.8% over ten years.

Over the whole period, bound rate, simple mean, primary products in Guatemala peaked at 47.9% in 2020 and was at its lowest, 46.8%, in 1995.

That places Guatemala 46th out of 157 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
1990s 47.2% 46.8% 47.3% 4
2000s 47.1% 47.0% 47.3% 10
2010s 47.5% 47.0% 47.7% 6
2020s 47.9% 47.9% 47.9% 2

Countries ranked near Guatemala

  1. 43 Mali 56.9% compare
  2. 44 Angola 56.3% compare
  3. 45 Israel 55.9% compare
  4. 47 Sri Lanka 47.6% compare
  5. 48 Morocco 47.4% compare
  6. 49 Vanuatu 46.0% compare

See the full ranking of 158 places →

More private sector data for Guatemala

All data for Guatemala →

Frequently asked questions

What is bound rate, simple mean, primary products in Guatemala?
Bound rate, simple mean, primary products in Guatemala was 47.9% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Guatemala?
The highest recorded value was 47.9% in 2020.
What is the lowest bound rate, simple mean, primary products recorded in Guatemala?
The lowest recorded value was 46.8% in 1995.
How does Guatemala rank for bound rate, simple mean, primary products?
Guatemala ranks 46th out of 157 countries with data for 2021.
Is bound rate, simple mean, primary products rising or falling in Guatemala?
Over the last ten years it is up 1.8%. The long-run trend across the full record is flat.
Where does this Guatemala 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).