Solomon Islands: Bound rate, simple mean, manufactured products (%)

Key figures

What the numbers say

In 2021, Solomon Islands' bound rate, simple mean, manufactured products (%) did not change 0 percentage points on 2020 (from 79.8% to 79.8%).

Across the 8 yearly changes before that (2007 to 2020), the average change was +0.05 percentage points and a typical year strayed about 0.09 percentage points from that (the standard deviation). This year's change was 0.5 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 0.21 percentage points in 2007 and the biggest yearly fall was 0.05 percentage points in 2008. 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 2021 there is no clear straight-line trend: a straight line explains 16% of the movement over 8 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 2021, Solomon Islands had the 4th 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 Solomon Islands in the 2021 ranking

• Tanzania — 1st of 99: 120%
• Rwanda — 2nd of 99: 90.79%
• Togo — 3rd of 99: 80%
• Kenya — 5th of 99: 76.66%
• Mozambique — 6th of 99: 69.4%
• Gambia, The — 7th of 99: 68.31%

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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

All 13 values

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

• Australia — 12.08% (2021)
• Brunei Darussalam — 24.74% (2022)
• Cambodia — 17.57% (2021)
• China — 9.53% (2021)
• Fiji — 40.01% (2021)
• Hong Kong SAR, China — 0% (2021)
• Indonesia — 35.21% (2021)
• Japan — 2.49% (2021)
• Korea, Rep. — 11.07% (2021)
• Macao SAR, China

More trade data for Solomon Islands

• Import volume index (2015 = 100) — 149 (2024)
• Import value index (2015 = 100) — 191.4 (2024)
• Net barter terms of trade index (2015 = 100) — 81.5 (2024)
• Export volume index (2015 = 100) — 144.5 (2024)
• Export value index (2015 = 100) — 151.2 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 9.76% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 13.98% (2022)
• Tariff rate, most favored nation, simple mean, primary products (%) — 26.72% (2022)
• Binding coverage, manufactured products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Solomon Islands's bound rate, simple mean, manufactured products (%)?

79.8% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 0.35 percentage points from 79.45% in 2006. The highest value was 80.03% in 2013 and the lowest 79.45% in 2006.

How does Solomon Islands rank?

4th highest of 99 economies with data for 2021.

Is the latest change in bound rate, simple mean, manufactured products (%) unusual for Solomon Islands?

In 2021, Solomon Islands' bound rate, simple mean, manufactured products (%) did not change 0 percentage points on 2020 (from 79.8% to 79.8%). Across the 8 yearly changes before that (2007 to 2020), the average change was +0.05 percentage points and a typical year strayed about 0.09 percentage points from that (the standard deviation). This year's change was 0.5 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.MANF.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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