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

Key figures

What the numbers say

In 2021, Nepal's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 26.33% to 26.33%).

Across the 14 yearly changes before that (2005 to 2020), the average change was +0.02 percentage points and a typical year strayed about 0.07 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 0.26 percentage points in 2013. 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 0.02 percentage points a year. A straight line explains 56% of the movement over 9 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, Nepal had the 43rd 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 Nepal in the 2021 ranking

• Mali — 40th of 99: 29.65%
• Benin — 41st of 99: 29.53%
• Madagascar — 42nd of 99: 27.49%
• Thailand — 44th of 99: 25.39%
• Panama — 45th of 99: 22.96%
• Guinea — 46th of 99: 20.9%

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 17 values

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

• Bangladesh — 158.91% (2022)
• India — 51.96% (2021)
• Maldives — 36.57% (2021)
• Sri Lanka — 31.71% (2021)

More trade data for Nepal

• Tariff rate, applied, simple mean, manufactured products (%) — 12.85% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 12.55% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 11.07% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 12.56% (2022)
• Tariff rate, applied, simple mean, all products (%) — 13.64% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 12.84% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 11.2% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%) — 12.44% (2022)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

26.33% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 0.39 percentage points from 25.94% in 2004. The highest value was 26.33% in 2018 and the lowest 25.94% in 2004.

How does Nepal rank?

43rd highest of 99 economies with data for 2021.

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

In 2021, Nepal's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 26.33% to 26.33%). Across the 14 yearly changes before that (2005 to 2020), the average change was +0.02 percentage points and a typical year strayed about 0.07 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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