Papua New Guinea: Bound rate, simple mean, all products (%)

Key figures

Since 1997 it is up 0.67 percentage points from 31.79% 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 bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 32.46% to 32.46%).

Across the 14 yearly changes before that (2000 to 2020), the average change was +0.1 percentage points and a typical year strayed about 0.27 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 0.95 percentage points in 2007 and the biggest yearly fall was 0.17 percentage points in 2000. 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 35th 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 Papua New Guinea in the 2021 ranking

• Maldives — 32nd of 99: 36.57%
• Bahrain — 33rd of 99: 34.71%
• Dominican Republic — 34th of 99: 34.55%
• Honduras — 36th of 99: 32.12%
• Sri Lanka — 37th of 99: 31.71%
• Türkiye — 38th of 99: 30.14%

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

• Australia — 9.56% (2021)
• Brunei Darussalam — 24.28% (2022)
• Cambodia — 19.42% (2021)
• China — 10.01% (2021)
• Fiji — 40.12% (2021)
• Hong Kong SAR, China — 0% (2021)
• Indonesia — 37.33% (2021)
• Japan — 3.08% (2021)
• Korea, Rep. — 16.55% (2021)
• Macao SAR, China — 0% (2021)

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

• 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 Papua New Guinea's bound rate, simple mean, all products (%)?

32.46% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1997?

It is up 0.67 percentage points from 31.79% in 1997. The highest value was 33.82% in 2013 and the lowest 31.62% in 2000.

How does Papua New Guinea rank?

35th highest of 99 economies with data for 2021.

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

In 2021, Papua New Guinea's bound rate, simple mean, all products (%) did not change 0 percentage points on 2020 (from 32.46% to 32.46%). Across the 14 yearly changes before that (2000 to 2020), the average change was +0.1 percentage points and a typical year strayed about 0.27 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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