Angola: Binding coverage, primary products (%)

Key figures

Since 2002 it is down 0.08 percentage points from 100% in 2002. The World Bank has no value for 3 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2022, Angola's binding coverage, primary products (%) did not change 0 percentage points on 2021 (from 99.92% to 99.92%).

Across the 13 yearly changes before that (2005 to 2021), the average change was −0.01 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 0.3 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 fall was 0.08 percentage points in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 0.01 percentage points a year. A straight line explains 76% of the movement over 9 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 2022, Angola had the 3rd highest value of the 130 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 Angola in the 2022 ranking

• Grenada — 1st of 130: 100%
• Trinidad and Tobago — 2nd of 130: 100%
• Argentina — 4th of 130: 99.92%
• Bolivia — 5th of 130: 99.92%
• Brazil — 6th of 130: 99.92%

What this measures

Binding coverage is the percentage of product lines with an agreed bound rate. 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).

All 18 values

Binding coverage, primary products (%) in nearby economies

• Benin — 0% (2022)
• Botswana — 0% (2022)
• Burkina Faso — 0% (2022)
• Burundi — 0% (2022)
• Cabo Verde — 99.85% (2022)
• Cameroon — 0% (2022)
• Central African Republic — 0% (2022)
• Chad — 0% (2022)
• Congo, Rep. — 0% (2022)
• Côte d'Ivoire — 55.14% (2022)
• Eswatini

More trade data for Angola

• Import volume index (2015 = 100) — 64.1 (2024)
• Import value index (2015 = 100) — 80 (2024)
• Net barter terms of trade index (2015 = 100) — 128.3 (2024)
• Export volume index (2015 = 100) — 74.2 (2024)
• Export value index (2015 = 100) — 118.8 (2024)
• Binding coverage, manufactured products (%) — 100% (2022)
• Bound rate, simple mean, manufactured products (%) — 60.06% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 10.19% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.09% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%)

Reading data like this

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Questions people ask

What is Angola's binding coverage, primary products (%)?

99.92% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is down 0.08 percentage points from 100% in 2002. The highest value was 100% in 2002 and the lowest 99.92% in 2019.

How does Angola rank?

3rd highest of 130 economies with data for 2022.

Is the latest change in binding coverage, primary products (%) unusual for Angola?

In 2022, Angola's binding coverage, primary products (%) did not change 0 percentage points on 2021 (from 99.92% to 99.92%). Across the 13 yearly changes before that (2005 to 2021), the average change was −0.01 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 0.3 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.TCOM.BC.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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