Malta's binding coverage, manufactured products (%) was 0% in 2022, the latest year in the World Bank's World Development Indicators. That is down 100 percentage points from 100% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0% | 2022 |
| Five years earlier | 100% | 2017 |
| Ten years earlier | 100% | 2012 |
| Highest | 100% | 2004 |
| Lowest | 0% | 1997 |
| Average since 2013 | 90% | 2013–2022 |
| First recorded | 0% | 1997 |
What the numbers say
In 2022, Malta's binding coverage, manufactured products (%) fell 100 percentage points on 2021 (from 100% to 0%).
Across the 19 yearly changes before that (2003 to 2021), the average change was +5.26 percentage points and a typical year strayed about 22.94 percentage points from that (the standard deviation). This year's change was 4.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 100 percentage points in 2004 and the biggest yearly fall was 100 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 there is no clear straight-line trend: a straight line explains 27% 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, Malta had the 36th highest value of the 130 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 Malta in the 2022 ranking
What this measures
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.
All 23 values
| Year | Binding coverage, manufactured products (%) |
|---|---|
| 2022 | 0 |
| 2021 | 100 |
| 2020 | 100 |
| 2019 | 100 |
| 2018 | 100 |
| 2017 | 100 |
| 2016 | 100 |
| 2015 | 100 |
| 2014 | 100 |
| 2013 | 100 |
| 2012 |
Binding coverage, manufactured products (%) in nearby economies
More trade data for Malta
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 4.03% (2022)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 3.24% (2022)
- Binding coverage, all products (%) — 0% (2022)
- Tariff rate, most favored nation, simple mean, all products (%) — 5.24% (2022)
- Tariff rate, most favored nation, weighted mean, all products (%) — 2.68% (2022)
- Binding coverage, primary products (%) — 0% (2022)
- Tariff rate, most favored nation, simple mean, primary products (%) — 8.99% (2022)
- Tariff rate, most favored nation, weighted mean, primary products (%) — 1.87% (2022)
Reading data like this
Questions people ask
- What is Malta's binding coverage, manufactured products (%)?
- 0% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is unchanged since 1997. The highest value was 100% in 2004 and the lowest 0% in 1997.
- How does Malta rank?
- 36th highest of 130 economies with data for 2022.
- Is the latest change in binding coverage, manufactured products (%) unusual for Malta?
- In 2022, Malta's binding coverage, manufactured products (%) fell 100 percentage points on 2021 (from 100% to 0%). Across the 19 yearly changes before that (2003 to 2021), the average change was +5.26 percentage points and a typical year strayed about 22.94 percentage points from that (the standard deviation). This year's change was 4.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator TM.TAX.MANF.BC.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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