Senegal's bound rate, simple mean, primary products (%) was 29.89% in 2021, the latest year in the World Bank's World Development Indicators. That is down 0.01 percentage points from 29.9% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 29.89% | 2021 |
| Five years earlier | 29.89% | 2016 |
| Ten years earlier | 29.9% | 2011 |
| Highest | 29.9% | 2001 |
| Lowest | 29.89% | 2015 |
| Average since 2012 | 29.89% | 2012–2021 |
| First recorded | 29.9% | 2001 |
What the numbers say
In 2021, Senegal's bound rate, simple mean, primary products (%) did not change 0 percentage points on 2020 (from 29.89% to 29.89%).
Across the 19 yearly changes before that (2002 to 2020), the average change was −0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.2 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 0.01 percentage points in 2015. 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 downward, about 0.00127 percentage points a year. A straight line explains 64% of the movement over 10 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, Senegal had the 44th 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 Senegal in the 2021 ranking
- Korea, Rep. — 41st of 99: 33.53%
- Honduras — 42nd of 99: 33.16%
- Nepal — 43rd of 99: 32.88%
- Madagascar — 45th of 99: 29.72%
- Namibia — 46th of 99: 27.54%
- South Africa — 47th of 99: 27.54%
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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).
All 21 values
| Year | Bound rate, simple mean, primary products (%) |
|---|---|
| 2021 | 29.89 |
| 2020 | 29.89 |
| 2019 | 29.89 |
| 2018 | 29.89 |
| 2017 | 29.89 |
| 2016 | 29.89 |
| 2015 | 29.89 |
| 2014 | 29.9 |
| 2013 | 29.9 |
| 2012 | 29.9 |
| 2011 |
Bound rate, simple mean, primary products (%) in nearby economies
- Angola — 56.26% (2022)
- Benin — 58.25% (2021)
- Botswana — 25.82% (2021)
- Burkina Faso — 93.99% (2021)
- Burundi — 93.18% (2021)
- Cabo Verde — 16.92% (2022)
- Cameroon — 79.96% (2019)
- Central African Republic — 30.58% (2017)
- Chad — 80% (2016)
- Congo, Rep. — 30% (2015)
More trade data for Senegal
- Binding coverage, manufactured products (%) — 0% (2022)
- Tariff rate, applied, simple mean, manufactured products (%) — 12.37% (2022)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.72% (2022)
- Tariff rate, applied, weighted mean, manufactured products (%) — 8.83% (2022)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 9.06% (2022)
- Binding coverage, all products (%) — 0% (2022)
- Tariff rate, applied, simple mean, all products (%) — 12.75% (2022)
- Tariff rate, most favored nation, simple mean, all products (%) — 12.12% (2022)
- Tariff rate, applied, weighted mean, all products (%)
Reading data like this
Questions people ask
- What is Senegal's bound rate, simple mean, primary products (%)?
- 29.89% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is down 0.01 percentage points from 29.9% in 2001. The highest value was 29.9% in 2001 and the lowest 29.89% in 2015.
- How does Senegal rank?
- 44th highest of 99 economies with data for 2021.
- Is the latest change in bound rate, simple mean, primary products (%) unusual for Senegal?
- In 2021, Senegal's bound rate, simple mean, primary products (%) did not change 0 percentage points on 2020 (from 29.89% to 29.89%). Across the 19 yearly changes before that (2002 to 2020), the average change was −0 percentage points and a typical year strayed about 0 percentage points from that (the standard deviation). This year's change was 0.2 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.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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