Chile: Bound rate, simple mean, manufactured products (%)

Key figures

What the numbers say

From 2013 to 2022 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 9 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 2022, Chile had the 19th 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 Chile in the 2022 ranking

• Brazil — 16th of 35: 30.59%
• Peru — 17th of 35: 29.17%
• Myanmar — 18th of 35: 28.73%
• Brunei Darussalam — 20th of 35: 24.74%
• Philippines — 21st of 35: 23.61%
• Ecuador — 22nd of 35: 21.24%

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 27 values

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)
• Brazil — 30.59% (2022)
• Colombia — 34.81% (2022)
• Costa Rica — 42.76% (2021)
• Cuba — 11.08% (2022)
• Dominica

More trade data for Chile

• Tariff rate, applied, simple mean, manufactured products (%) — 1.01% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 5.98% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 0.48% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 5.99% (2022)
• Tariff rate, applied, simple mean, all products (%) — 1.03% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 5.98% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 0.46% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%) — 5.99% (2022)

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 Chile's bound rate, simple mean, manufactured products (%)?

24.99% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is unchanged since 1995. The highest value was 24.99% in 1995 and the lowest 24.99% in 1995.

How does Chile rank?

19th 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.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.