Armenia: Binding coverage, manufactured products (%)

Key figures

What the numbers say

In 2021, Armenia's binding coverage, manufactured products (%) did not change 0 percentage points on 2020 (from 100% to 100%).

Across the 17 yearly changes before that (2004 to 2020), the average change was +0 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 0.0 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 0.05 percentage points in 2006. 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 there is no clear straight-line trend: a straight line explains 16% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

In 2021, Armenia had the 1st highest value of the 12 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 Armenia in the 2021 ranking

• Morocco — 2nd of 12: 100%
• Papua New Guinea — 3rd of 12: 100%
• Russian Federation — 4th of 12: 100%

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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

All 19 values

Binding coverage, manufactured products (%) in nearby economies

• Albania — 0% (2022)
• Austria — 0% (2022)
• Belgium — 0% (2022)
• Bulgaria — 0% (2022)
• Croatia — 0% (2022)
• Cyprus — 0% (2022)
• Czechia — 0% (2022)
• Denmark — 0% (2022)
• Estonia — 0% (2022)
• Finland — 0% (2022)
• France

More trade data for Armenia

• Import volume index (2015 = 100) — 372 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 6.43% (2021)
• Tariff rate, most favored nation, simple mean, all products (%) — 6.81% (2021)
• Tariff rate, most favored nation, simple mean, primary products (%) — 7.87% (2021)
• Import value index (2015 = 100) — 528.8 (2024)
• Net barter terms of trade index (2015 = 100) — 108.3 (2024)
• Export volume index (2015 = 100) — 574.4 (2024)
• Export value index (2015 = 100) — 884 (2024)
• Bound rate, simple mean, manufactured products (%) — 7.59% (2021)

Reading data like this

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Questions people ask

What is Armenia's binding coverage, manufactured products (%)?

100% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is unchanged since 2003. The highest value was 100% in 2003 and the lowest 99.95% in 2006.

How does Armenia rank?

1st highest of 12 economies with data for 2021.

Is the latest change in binding coverage, manufactured products (%) unusual for Armenia?

In 2021, Armenia's binding coverage, manufactured products (%) did not change 0 percentage points on 2020 (from 100% to 100%). Across the 17 yearly changes before that (2004 to 2020), the average change was +0 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 0.0 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.MANF.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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