Brazil's bound rate, simple mean, manufactured products (%) was 30.59% in 2022, the latest year in the World Bank's World Development Indicators. That is down 0.01 percentage points from 30.6% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 30.59% | 2022 |
| Five years earlier | 30.59% | 2017 |
| Ten years earlier | 30.6% | 2012 |
| Highest | 30.63% | 1995 |
| Lowest | 30.57% | 2013 |
| Average since 2013 | 30.58% | 2013–2022 |
| First recorded | 30.63% | 1995 |
What the numbers say
In 2022, Brazil's bound rate, simple mean, manufactured products (%) did not change 0 percentage points on 2021 (from 30.59% to 30.59%).
Across the 26 yearly changes before that (1996 to 2021), the average change was −0 percentage points and a typical year strayed about 0.01 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 0.02 percentage points in 2017 and the biggest yearly fall was 0.05 percentage points in 1996. 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 upward, about 0.00291 percentage points a year. A straight line explains 73% 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 2022, Brazil had the 16th highest value of the 35 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 Brazil in the 2022 ranking
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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.
All 28 values
| Year | Bound rate, simple mean, manufactured products (%) |
|---|---|
| 2022 | 30.59 |
| 2021 | 30.59 |
| 2020 | 30.59 |
| 2019 | 30.59 |
| 2018 | 30.59 |
| 2017 | 30.59 |
| 2016 | 30.57 |
| 2015 | 30.57 |
| 2014 | 30.57 |
| 2013 | 30.57 |
| 2012 |
Bound rate, simple mean, manufactured products (%) in nearby economies
- Antigua and Barbuda — 52.08% (2021)
- Argentina — 31.43% (2022)
- Barbados — 73.47% (2022)
- Belize — 51.94% (2021)
- Bolivia — 39.98% (2022)
- Chile — 24.99% (2022)
- Colombia — 34.81% (2022)
- Costa Rica — 42.76% (2021)
- Cuba — 11.08% (2022)
- Dominica
More trade data for Brazil
- Tariff rate, applied, simple mean, manufactured products (%) — 13.82% (2022)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 15.14% (2022)
- Tariff rate, applied, weighted mean, manufactured products (%) — 8.68% (2022)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 10.3% (2022)
- Tariff rate, applied, simple mean, all products (%) — 13.29% (2022)
- Tariff rate, most favored nation, simple mean, all products (%) — 13.5% (2022)
- Tariff rate, applied, weighted mean, all products (%) — 7.26% (2022)
- Tariff rate, most favored nation, weighted mean, all products (%) — 9.06% (2022)
Reading data like this
Questions people ask
- What is Brazil's bound rate, simple mean, manufactured products (%)?
- 30.59% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 0.04 percentage points from 30.63% in 1995. The highest value was 30.63% in 1995 and the lowest 30.57% in 2013.
- How does Brazil rank?
- 16th highest of 35 economies with data for 2022.
- Is the latest change in bound rate, simple mean, manufactured products (%) unusual for Brazil?
- In 2022, Brazil's bound rate, simple mean, manufactured products (%) did not change 0 percentage points on 2021 (from 30.59% to 30.59%). Across the 26 yearly changes before that (1996 to 2021), the average change was −0 percentage points and a typical year strayed about 0.01 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.MANF.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in