Bound rate, simple mean, primary products in Guinea-Bissau

Guinea-Bissau: Bound rate, simple mean, primary products was 44.6% in 2021. ▬ Flat

Latest (2021)
44.6%
Change on year
unchanged
World rank
53rd
of 157 countries
All-time high
44.6%
in 2017
All-time low
44.3%
in 2001
Years of data
19
2001–2021

Bound rate, simple mean, primary products in Guinea-Bissau, 2001–2021

0102030402001201120212001: 44.3 %2002: 44.3 %2003: 44.4 %2004: 44.4 %2005: 44.4 %2006: 44.4 %2007: 44.5 %2008: 44.5 %2009: 44.5 %2010: 44.5 %2011: 44.5 %2012: 44.5 %2013: 44.5 %2014: 44.5 %2017: 44.6 %2018: 44.6 %2019: 44.6 %2020: 44.6 %2021: 44.6 %

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

Analysis

In 2021, bound rate, simple mean, primary products in Guinea-Bissau stood at 44.6%. That is the highest value across all 19 years on record.

The figure is up 0.2% over ten years.

Over the whole period, bound rate, simple mean, primary products in Guinea-Bissau peaked at 44.6% in 2017 and was at its lowest, 44.3%, in 2001.

That places Guinea-Bissau 53rd out of 157 countries with data for 2021, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2000s 44.4% 44.3% 44.5% 9
2010s 44.5% 44.5% 44.6% 8
2020s 44.6% 44.6% 44.6% 2

Countries ranked near Guinea-Bissau

  1. 50 Djibouti 45.2% compare
  2. 51 Venezuela 45.0% compare
  3. 52 Sierra Leone 44.8% compare
  4. 54 Costa Rica 43.8% compare
  5. 55 Indonesia 43.2% compare
  6. 56 Nicaragua 42.2% compare

See the full ranking of 158 places →

More private sector data for Guinea-Bissau

All data for Guinea-Bissau →

Frequently asked questions

What is bound rate, simple mean, primary products in Guinea-Bissau?
Bound rate, simple mean, primary products in Guinea-Bissau was 44.6% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Guinea-Bissau?
The highest recorded value was 44.6% in 2017.
What is the lowest bound rate, simple mean, primary products recorded in Guinea-Bissau?
The lowest recorded value was 44.3% in 2001.
How does Guinea-Bissau rank for bound rate, simple mean, primary products?
Guinea-Bissau ranks 53rd out of 157 countries with data for 2021.
Is bound rate, simple mean, primary products rising or falling in Guinea-Bissau?
Over the last ten years it is up 0.2%. The long-run trend across the full record is flat.
Where does this Guinea-Bissau 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).