Gambia, The: Bound rate, simple mean, all products (%)

Key figures

Since 2003 it is up 6.89 percentage points from 96.58% in 2003. The World Bank has no value for 8 of the years in between; the chart leaves those gaps open rather than joining across them.

How it compares

In 2021, Gambia, The had the 4th highest value of the 99 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 Gambia, The in the 2021 ranking

• Nigeria — 1st of 99: 121.32%
• Tanzania — 2nd of 99: 120%
• Zambia — 3rd of 99: 107.61%
• Mozambique — 5th of 99: 97.68%
• Kenya — 6th of 99: 94.66%
• Ghana — 7th of 99: 92.78%

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)
• Cabo Verde — 15.91% (2022)
• Cameroon — 79.88% (2019)
• Central African Republic — 35.89% (2017)
• Chad — 79.92% (2016)
• Congo, Rep. — 27.45% (2015)

More trade data for Gambia, The

• Import volume index (2015 = 100) — 274.5 (2024)
• Import value index (2015 = 100) — 358.5 (2024)
• Net barter terms of trade index (2015 = 100) — 95.3 (2024)
• Export volume index (2015 = 100) — 185.9 (2024)
• Export value index (2015 = 100) — 231.4 (2024)
• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 13.19% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 15.33% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Gambia, The's bound rate, simple mean, all products (%)?

103.47% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is up 6.89 percentage points from 96.58% in 2003. The highest value was 103.47% in 2018 and the lowest 96.58% in 2003.

How does Gambia, The rank?

4th highest of 99 economies with data for 2021.

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.

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