Cabo Verde: Bound rate, simple mean, all products (%)

Key figures

Since 2008 it is up 0.17 percentage points from 15.74% in 2008. The World Bank has no value for 4 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

On record, the biggest yearly rise was 0.22 percentage points in 2013 and the biggest yearly fall was 0.05 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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, Cabo Verde had the 29th 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 Cabo Verde in the 2022 ranking

• Suriname — 26th of 35: 18.16%
• Tonga — 27th of 35: 17.64%
• Jordan — 28th of 35: 16.35%
• Viet Nam — 30th of 35: 11.38%
• Côte d'Ivoire — 31st of 35: 11.23%
• Georgia — 32nd of 35: 7.13%

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 11 values

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

• Angola — 59.07% (2022)
• Benin — 29.53% (2021)
• Botswana — 18.98% (2021)
• Burkina Faso — 44.31% (2021)
• Burundi — 69.4% (2021)
• Cameroon — 79.88% (2019)
• Central African Republic — 35.89% (2017)
• Chad — 79.92% (2016)
• Congo, Rep. — 27.45% (2015)
• Côte d'Ivoire — 11.23% (2022)

More trade data for Cabo Verde

• Import volume index (2015 = 100) — 244.6 (2024)
• Import value index (2015 = 100) — 300.7 (2024)
• Net barter terms of trade index (2015 = 100) — 92.1 (2024)
• Export volume index (2015 = 100) — 99.5 (2024)
• Export value index (2015 = 100) — 112.7 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 13.84% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.69% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 10.72% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

15.91% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 0.17 percentage points from 15.74% in 2008. The highest value was 15.96% in 2013 and the lowest 15.74% in 2008.

How does Cabo Verde rank?

29th highest of 35 economies with data for 2022.

Where does this data come from?

The World Bank's World Development Indicators, 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).

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.

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.