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

Key figures

What the numbers say

From 2013 to 2022 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, Kuwait had the 2nd highest value of the 35 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 Kuwait in the 2022 ranking

• Bangladesh — 1st of 35: 179.79%
• Myanmar — 3rd of 35: 99.46%
• Barbados — 4th of 35: 97.17%
• St. Vincent and the Grenadines — 5th of 35: 93.08%

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 21 values

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

• Bahrain — 38.3% (2021)
• Egypt, Arab Rep. — 61.29% (2019)
• Israel — 55.86% (2022)
• Jordan — 20.45% (2022)
• Malta — 5.75% (2021)
• Morocco — 47.36% (2021)
• Oman — 22.51% (2021)
• Pakistan — 77.83% (2021)
• Qatar — 21.35% (2021)
• Saudi Arabia — 11.82% (2020)

More trade data for Kuwait

• Binding coverage, manufactured products (%) — 99.97% (2022)
• Bound rate, simple mean, manufactured products (%) — 97.69% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 4.71% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 4.67% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 4.21% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 4.21% (2022)
• Binding coverage, all products (%) — 99.88% (2022)
• Bound rate, simple mean, all products (%) — 98.23% (2022)
• Tariff rate, applied, simple mean, all products (%)

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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Questions people ask

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

100% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is unchanged since 2002. The highest value was 100% in 2002 and the lowest 100% in 2002.

How does Kuwait rank?

2nd highest of 35 economies with data for 2022.

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.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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