Papua New Guinea: Binding coverage, primary products (%)

Key figures

Since 1997 it is down 0.08 percentage points from 100% in 1997. The World Bank has no value for 6 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2021, Papua New Guinea's binding coverage, primary products (%) did not change 0 percentage points on 2020 (from 99.92% to 99.92%).

Across the 14 yearly changes before that (2000 to 2020), the average change was −0.01 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly fall was 0.08 percentage points in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those 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, Papua New Guinea had the 1st highest value of the 12 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 Papua New Guinea in the 2021 ranking

• Armenia — 1st of 12: 99.92%
• Morocco — 2nd of 12: 99.92%
• Russian Federation — 4th of 12: 99.92%
• United Arab Emirates — 5th of 12: 99.92%
• Kyrgyz Republic — 6th of 12: 99.85%

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

All 19 values

Binding coverage, primary products (%) in nearby economies

• Australia — 0% (2022)
• Brunei Darussalam — 98.1% (2022)
• Cambodia — 0% (2022)
• China — 0% (2022)
• Fiji — 55.67% (2021)
• Hong Kong SAR, China — 0% (2022)
• Indonesia — 0% (2022)
• Japan — 0% (2022)
• Korea, Rep. — 0% (2022)
• Macao SAR, China — 0% (2022)
• Malaysia

More trade data for Papua New Guinea

• Import volume index (2015 = 100) — 145.8 (2024)
• Import value index (2015 = 100) — 183.6 (2024)
• Net barter terms of trade index (2015 = 100) — 131.2 (2024)
• Export volume index (2015 = 100) — 95.9 (2024)
• Export value index (2015 = 100) — 158.6 (2024)
• Binding coverage, manufactured products (%) — 100% (2021)
• Bound rate, simple mean, manufactured products (%) — 29.45% (2021)
• Tariff rate, applied, simple mean, manufactured products (%) — 2.62% (2021)
• Tariff rate, most favored nation, simple mean, manufactured products (%)

Reading data like this

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Questions people ask

What is Papua New Guinea's binding coverage, primary products (%)?

99.92% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is down 0.08 percentage points from 100% in 1997. The highest value was 100% in 1997 and the lowest 99.92% in 2019.

How does Papua New Guinea rank?

1st highest of 12 economies with data for 2021.

Is the latest change in binding coverage, primary products (%) unusual for Papua New Guinea?

In 2021, Papua New Guinea's binding coverage, primary products (%) did not change 0 percentage points on 2020 (from 99.92% to 99.92%). Across the 14 yearly changes before that (2000 to 2020), the average change was −0.01 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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.TCOM.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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