Albania: Bound rate, simple mean, all products (%)

Key figures

What the numbers say

In 2021, Albania's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 6.82% to 6.82%).

Across the 20 yearly changes before that (2001 to 2020), the average change was −0 percentage points and a typical year strayed about 0.03 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 0.05 percentage points in 2009 and the biggest yearly fall was 0.1 percentage points in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about 0.00455 percentage points a year. A straight line explains 76% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Albania had the 66th highest value of the 99 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Albania in the 2021 ranking

• Kyrgyz Republic — 63rd of 99: 7.56%
• Russian Federation — 64th of 99: 7.36%
• North Macedonia — 65th of 99: 6.88%
• Montenegro — 67th of 99: 5.28%
• Canada — 68th of 99: 4.93%
• Austria — 69th of 99: 4.39%

What this measures

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.

All 22 values

Bound rate, simple mean, all products (%) in nearby economies

• Armenia — 8.7% (2021)
• Austria — 4.39% (2021)
• Belgium — 4.39% (2021)
• Bulgaria — 4.39% (2021)
• Cyprus — 4.39% (2021)
• Czechia — 4.39% (2021)
• Denmark — 4.39% (2021)
• Estonia — 4.39% (2021)
• Finland — 4.39% (2021)
• France — 4.39% (2021)
• Georgia

More trade data for Albania

• Tariff rate, applied, simple mean, manufactured products (%) — 0.4% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 3.23% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 0.15% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 3.24% (2022)
• Tariff rate, applied, simple mean, all products (%) — 0.57% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 3.63% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 0.26% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%) — 3.19% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Albania's bound rate, simple mean, all products (%)?

6.82% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is down 0.03 percentage points from 6.85% in 2000. The highest value was 6.89% in 2009 and the lowest 6.79% in 2012.

How does Albania rank?

66th highest of 99 economies with data for 2021.

Is the latest change in bound rate, simple mean, all products (%) unusual for Albania?

In 2021, Albania's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 6.82% to 6.82%). Across the 20 yearly changes before that (2001 to 2020), the average change was −0 percentage points and a typical year strayed about 0.03 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.TAX.MRCH.BR.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); World Integrated Trade Solution system (WITS), World Bank (WB); World Trade Organization (WTO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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