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

Key figures

What the numbers say

In 2021, Malawi's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 75.76% to 75.76%).

Across the 12 yearly changes before that (1997 to 2020), the average change was +0.05 percentage points and a typical year strayed about 0.18 percentage points from that (the standard deviation). This year's change was 0.3 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 0.62 percentage points in 2014. 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 0.15 percentage points a year. A straight line explains 92% 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, Malawi had the 14th 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 Malawi in the 2021 ranking

• Lesotho — 11th of 99: 80.19%
• Togo — 12th of 99: 80%
• Solomon Islands — 13th of 99: 79.08%
• Uganda — 15th of 99: 73.18%
• Burundi — 16th of 99: 69.4%
• Pakistan — 17th of 99: 60.85%

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 Malawi

• Import volume index (2015 = 100) — 116.1 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 9.2% (2021)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.53% (2021)
• Tariff rate, applied, weighted mean, manufactured products (%) — 5.12% (2021)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 8.28% (2021)
• Tariff rate, applied, simple mean, all products (%) — 9.48% (2021)
• Tariff rate, most favored nation, simple mean, all products (%) — 12.4% (2021)
• Tariff rate, applied, weighted mean, all products (%) — 5.95% (2021)

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 Malawi's bound rate, simple mean, all products (%)?

75.76% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 2.63 percentage points from 73.13% in 1996. The highest value was 75.76% in 2019 and the lowest 73.13% in 1996.

How does Malawi rank?

14th highest of 99 economies with data for 2021.

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

In 2021, Malawi's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 75.76% to 75.76%). Across the 12 yearly changes before that (1997 to 2020), the average change was +0.05 percentage points and a typical year strayed about 0.18 percentage points from that (the standard deviation). This year's change was 0.3 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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