Egypt, Arab Rep.'s binding coverage, all products (%) was 99.34% in 2019, the latest year in the World Bank's World Development Indicators. That is up 0.01 percentage points from 99.33% in 2009.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 99.34% | 2019 |
| Five years earlier | 99.37% | 2014 |
| Ten years earlier | 99.33% | 2009 |
| Highest | 99.45% | 1997 |
| Lowest | 99.33% | 2004 |
| Average since 2010 | 99.35% | 2010–2019 |
| First recorded | 99.4% | 1995 |
What the numbers say
In 2019, Egypt, Arab Rep.'s binding coverage, all products (%) fell 0.03 percentage points on 2018 (from 99.37% to 99.34%).
Across the 21 yearly changes before that (1998 to 2018), 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 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 0.04 percentage points in 2014 and the biggest yearly fall was 0.07 percentage points in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2010 to 2019 the straight-line trend is upward, about 0.00418 percentage points a year. A straight line explains 39% 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.
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.
All 24 values
| Year | Binding coverage, all products (%) |
|---|---|
| 2019 | 99.34 |
| 2018 | 99.37 |
| 2017 | 99.37 |
| 2016 | 99.37 |
| 2015 | 99.37 |
| 2014 | 99.37 |
| 2013 | 99.33 |
| 2012 | 99.33 |
| 2011 | 99.33 |
| 2010 | 99.33 |
| 2009 |
Binding coverage, all products (%) in nearby economies
More trade data for Egypt, Arab Rep.
- Binding coverage, manufactured products (%) — 99.44% (2019)
- Bound rate, simple mean, manufactured products (%) — 28.2% (2019)
- Bound rate, simple mean, all products (%) — 36.59% (2019)
- Binding coverage, primary products (%) — 99.01% (2019)
- Bound rate, simple mean, primary products (%) — 61.29% (2019)
- Tariff rate, applied, simple mean, manufactured products (%) — 4.85% (2019)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 12.62% (2019)
- Tariff rate, applied, weighted mean, manufactured products (%) — 6.07% (2019)
Reading data like this
Questions people ask
- What is Egypt, Arab Rep.'s binding coverage, all products (%)?
- 99.34% in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 0.06 percentage points from 99.4% in 1995. The highest value was 99.45% in 1997 and the lowest 99.33% in 2004.
- Is the latest change in binding coverage, all products (%) unusual for Egypt, Arab Rep.?
- In 2019, Egypt, Arab Rep.'s binding coverage, all products (%) fell 0.03 percentage points on 2018 (from 99.37% to 99.34%). Across the 21 yearly changes before that (1998 to 2018), 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 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
- 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.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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