Guinea-Bissau: Bound rate, simple mean, all products (%)

Key figures

Since 2001 it is down 0.13 percentage points from 48.65% in 2001. The World Bank has no value for 2 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2021, Guinea-Bissau's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 48.52% to 48.52%).

Across the 16 yearly changes before that (2002 to 2020), the average change was +0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.2 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 0.01 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 2012 to 2021 the straight-line trend is downward, about 0.02 percentage points a year. A straight line explains 85% of the movement over 8 observed 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, Guinea-Bissau had the 22nd 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 Guinea-Bissau in the 2021 ranking

• Antigua and Barbuda — 19th of 99: 58.75%
• India — 20th of 99: 51.96%
• Jamaica — 21st of 99: 50.58%
• Niger — 23rd of 99: 45.23%
• Burkina Faso — 24th of 99: 44.31%
• Costa Rica — 25th of 99: 43.05%

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 19 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 Guinea-Bissau

• Import volume index (2015 = 100) — 148.8 (2024)
• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 12.74% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 9.12% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 14.73% (2022)
• Binding coverage, all products (%) — 0% (2022)
• Tariff rate, applied, simple mean, all products (%) — 13.55% (2022)

Reading data like this

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Questions people ask

What is Guinea-Bissau's bound rate, simple mean, all products (%)?

48.52% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is down 0.13 percentage points from 48.65% in 2001. The highest value was 48.66% in 2007 and the lowest 48.52% in 2017.

How does Guinea-Bissau rank?

22nd highest of 99 economies with data for 2021.

Is the latest change in bound rate, simple mean, all products (%) unusual for Guinea-Bissau?

In 2021, Guinea-Bissau's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 48.52% to 48.52%). Across the 16 yearly changes before that (2002 to 2020), the average change was +0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below 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.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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