Congo, Rep.: Bound rate, simple mean, all products (%)

Key figures

What the numbers say

In 2015, Congo, Rep.'s bound rate, simple mean, all products (%) did not change 0 percentage points on 2014 (from 27.45% to 27.45%).

Across the 11 yearly changes before that (2002 to 2014), the average change was +0.01 percentage points and a typical year strayed about 0.05 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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 0.15 percentage points in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2006 to 2015 the straight-line trend is upward, about 0.04 percentage points a year. A straight line explains 85% 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.

A straight-line projection, tested first

Extending that straight line gives about 27.57% for 2018. We show this only because the same method, fitted on earlier years, predicted 2013 to 2015 better than "no change" would have: its average miss was 0.12%, against 0.22% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

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 15 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)
• Cabo Verde — 15.91% (2022)
• Cameroon — 79.88% (2019)
• Central African Republic — 35.89% (2017)
• Chad — 79.92% (2016)
• Côte d'Ivoire — 11.23% (2022)

More trade data for Congo, Rep.

• Import volume index (2015 = 100) — 38.7 (2024)
• Import value index (2015 = 100) — 49.6 (2024)
• Net barter terms of trade index (2015 = 100) — 108.2 (2024)
• Export volume index (2015 = 100) — 65.9 (2024)
• Export value index (2015 = 100) — 91.3 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 18.58% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 17.27% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 17.9% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 17.9% (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 Congo, Rep.'s bound rate, simple mean, all products (%)?

27.45% in 2015, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 0.38 percentage points from 27.07% in 1997. The highest value was 27.45% in 2013 and the lowest 27.07% in 1997.

Is the latest change in bound rate, simple mean, all products (%) unusual for Congo, Rep.?

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.

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