Ghana: Bound rate, simple mean, primary products (%)

Key figures

Over five years it is down 0.01 percentage points from 96.09% in 2016. Since 2000 it is down 0.56 percentage points from 96.64% in 2000. The World Bank has no value for 6 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2021, Ghana's bound rate, simple mean, primary products (%) did not change 0 percentage points on 2020 (from 96.08% to 96.08%).

Across the 11 yearly changes before that (2001 to 2020), the average change was −0.01 percentage points and a typical year strayed about 0.03 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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 0.01 percentage points in 2001 and the biggest yearly fall was 0.09 percentage points in 2010. 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 2021, Ghana had the 10th 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 Ghana in the 2021 ranking

• Gambia, The — 7th of 99: 106.32%
• Malawi — 8th of 99: 102.53%
• Mozambique — 9th of 99: 100%
• Kenya — 11th of 99: 96.03%
• Burkina Faso — 12th of 99: 93.99%
• India — 13th of 99: 93.29%

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

All 16 values

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

• Angola — 56.26% (2022)
• Benin — 58.25% (2021)
• Botswana — 25.82% (2021)
• Burkina Faso — 93.99% (2021)
• Burundi — 93.18% (2021)
• Cabo Verde — 16.92% (2022)
• Cameroon — 79.96% (2019)
• Central African Republic — 30.58% (2017)
• Chad — 80% (2016)
• Congo, Rep. — 30% (2015)

More trade data for Ghana

• Import volume index (2015 = 100) — 90.5 (2024)
• Import value index (2015 = 100) — 113.3 (2024)
• Net barter terms of trade index (2015 = 100) — 148.8 (2024)
• Export volume index (2015 = 100) — 105.3 (2024)
• Export value index (2015 = 100) — 196 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 12.12% (2022)
• Tariff rate, most favored nation, simple mean, primary products (%) — 13.29% (2022)
• Binding coverage, manufactured products (%) — 0% (2022)

Reading data like this

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Questions people ask

What is Ghana's bound rate, simple mean, primary products (%)?

96.08% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is down 0.56 percentage points from 96.64% in 2000. The highest value was 96.68% in 2007 and the lowest 96.08% in 2018.

How does Ghana rank?

10th highest of 99 economies with data for 2021.

Is the latest change in bound rate, simple mean, primary products (%) unusual for Ghana?

In 2021, Ghana's bound rate, simple mean, primary products (%) did not change 0 percentage points on 2020 (from 96.08% to 96.08%). Across the 11 yearly changes before that (2001 to 2020), the average change was −0.01 percentage points and a typical year strayed about 0.03 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator TM.TAX.TCOM.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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