Madagascar: Bound rate, simple mean, all products (%)

Key figures

What the numbers say

In 2021, Madagascar's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 27.49% to 27.49%).

Across the 23 yearly changes before that (1996 to 2020), the average change was +0.02 percentage points and a typical year strayed about 0.04 percentage points from that (the standard deviation). This year's change was 0.4 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 0.16 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 upward, about 0.01 percentage points a year. A straight line explains 76% 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.

How it compares

In 2021, Madagascar had the 42nd 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 Madagascar in the 2021 ranking

• Senegal — 39th of 99: 29.97%
• Mali — 40th of 99: 29.65%
• Benin — 41st of 99: 29.53%
• Nepal — 43rd of 99: 26.33%
• Thailand — 44th of 99: 25.39%
• Panama — 45th of 99: 22.96%

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 26 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 Madagascar

• Binding coverage, manufactured products (%) — 0% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 9.69% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.23% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 9.8% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 10.71% (2022)
• Binding coverage, all products (%) — 0% (2022)
• Tariff rate, applied, simple mean, all products (%) — 10.03% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 11.87% (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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Questions people ask

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

27.49% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 0.44 percentage points from 27.05% in 1995. The highest value was 27.49% in 2017 and the lowest 27.05% in 1995.

How does Madagascar rank?

42nd highest of 99 economies with data for 2021.

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

In 2021, Madagascar's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 27.49% to 27.49%). Across the 23 yearly changes before that (1996 to 2020), the average change was +0.02 percentage points and a typical year strayed about 0.04 percentage points from that (the standard deviation). This year's change was 0.4 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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