Bound rate, simple mean, primary products in Montenegro

Montenegro: Bound rate, simple mean, primary products was 7.9% in 2021. ▬ Flat

Latest (2021)
7.9%
Change on year
unchanged
World rank
117th
of 157 countries
All-time high
7.9%
in 2012
All-time low
7.9%
in 2017
Years of data
10
2012–2021

Bound rate, simple mean, primary products in Montenegro, 2012–2021

024682012201620212012: 7.9 %2013: 7.9 %2014: 7.9 %2015: 7.9 %2016: 7.9 %2017: 7.9 %2018: 7.9 %2019: 7.9 %2020: 7.9 %2021: 7.9 %

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

Analysis

The most recent figure for bound rate, simple mean, primary products in Montenegro is 7.9%, measured in 2021. That is the lowest value across all 10 years on record.

That represents a change of down 0.1% over ten years.

Over the whole period, bound rate, simple mean, primary products in Montenegro peaked at 7.9% in 2012 and was at its lowest, 7.9%, in 2017.

Montenegro ranks 117th of 157 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 7.9% 7.9% 7.9% 8
2020s 7.9% 7.9% 7.9% 2

Countries ranked near Montenegro

  1. 114 Tajikistan 8.5% compare
  2. 115 Russia 8.3% compare
  3. 116 Moldova 8.1% compare
  4. 118 Ukraine 7.6% compare
  5. 119 North Macedonia 7.3% compare
  6. 120 Albania 6.3% compare

See the full ranking of 158 places →

More private sector data for Montenegro

All data for Montenegro →

Frequently asked questions

What is bound rate, simple mean, primary products in Montenegro?
Bound rate, simple mean, primary products in Montenegro was 7.9% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Montenegro?
The highest recorded value was 7.9% in 2012.
What is the lowest bound rate, simple mean, primary products recorded in Montenegro?
The lowest recorded value was 7.9% in 2017.
How does Montenegro rank for bound rate, simple mean, primary products?
Montenegro ranks 117th out of 157 countries with data for 2021.
Is bound rate, simple mean, primary products rising or falling in Montenegro?
Over the last ten years it is down 0.1%. The long-run trend across the full record is flat.
Where does this Montenegro 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).