Bound rate, simple mean, primary products in Saudi Arabia

Saudi Arabia: Bound rate, simple mean, primary products was 11.8% in 2020. ▼ Falling

Latest (2020)
11.8%
Change on year
unchanged
World rank
109th
of 157 countries
All-time high
14.9%
in 2007
All-time low
11.8%
in 2015
Years of data
12
2005–2020

Bound rate, simple mean, primary products in Saudi Arabia, 2005–2020

0510152005201220202005: 12.2 %2006: 12.2 %2007: 14.9 %2008: 14.8 %2009: 14.6 %2011: 14.5 %2012: 13.9 %2013: 13.9 %2014: 13.9 %2015: 11.8 %2017: 11.8 %2020: 11.8 %

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

Analysis

Saudi Arabia recorded 11.8% for bound rate, simple mean, primary products in 2020.

That represents a change of down 19.3% over ten years.

Over the whole period, bound rate, simple mean, primary products in Saudi Arabia peaked at 14.9% in 2007 and was at its lowest, 11.8%, in 2015.

That places Saudi Arabia 109th out of 157 countries with data for 2020, putting it in the middle of the range.

The long-run direction has been consistently falling across the 12 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.8% 12.2% 14.9% 5
2010s 13.3% 11.8% 14.5% 6
2020s 11.8% 11.8% 11.8% 1

Countries ranked near Saudi Arabia

  1. 106 Vietnam 13.7% compare
  2. 107 Armenia 11.9% compare
  3. 108 Malaysia 11.8% compare
  4. 110 China 11.4% compare
  5. 111 Kyrgyzstan 10.0% compare
  6. 112 Singapore 9.4% compare

See the full ranking of 158 places →

More private sector data for Saudi Arabia

All data for Saudi Arabia →

Frequently asked questions

What is bound rate, simple mean, primary products in Saudi Arabia?
Bound rate, simple mean, primary products in Saudi Arabia was 11.8% in 2020, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Saudi Arabia?
The highest recorded value was 14.9% in 2007.
What is the lowest bound rate, simple mean, primary products recorded in Saudi Arabia?
The lowest recorded value was 11.8% in 2015.
How does Saudi Arabia rank for bound rate, simple mean, primary products?
Saudi Arabia ranks 109th out of 157 countries with data for 2020.
Is bound rate, simple mean, primary products rising or falling in Saudi Arabia?
Over the last ten years it is down 19.3%. The long-run trend across the full record is falling.
Where does this Saudi Arabia 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.

Download this data

CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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).