St. Kitts and Nevis: Binding coverage, all products (%)

Key figures

What the numbers say

In 2020, St. Kitts and Nevis' binding coverage, all products (%) fell 1.66 percentage points on 2019 (from 97.5% to 95.84%).

Across the 17 yearly changes before that (2000 to 2019), the average change was −0.03 percentage points and a typical year strayed about 0.1 percentage points from that (the standard deviation). This year's change was 15.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly fall was 1.66 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 there is no clear straight-line trend: a straight line explains 27% of the movement over 10 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.

Closest to St. Kitts and Nevis in the 2020 ranking

• St. Lucia — 1st of 4: 99.81%
• Dominica — 3rd of 4: 92.72%
• Haiti — 4th of 4: 88.24%

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.

All 21 values

Binding coverage, all products (%) in nearby economies

• Antigua and Barbuda — 97.5% (2021)
• Argentina — 99.98% (2022)
• Barbados — 95.84% (2022)
• Belize — 0% (2022)
• Bolivia — 99.98% (2022)
• Brazil — 99.98% (2022)
• Chile — 99.98% (2022)
• Colombia — 99.98% (2022)
• Costa Rica — 0% (2022)
• Cuba — 32.59% (2022)
• Dominica — 92.72% (2020)

More trade data for St. Kitts and Nevis

• Binding coverage, manufactured products (%) — 100% (2020)
• Bound rate, simple mean, manufactured products (%) — 71.09% (2020)
• Tariff rate, applied, simple mean, manufactured products (%) — 9.82% (2020)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.7% (2020)
• Tariff rate, applied, weighted mean, manufactured products (%) — 8.85% (2020)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 10.13% (2020)
• Bound rate, simple mean, all products (%) — 76.51% (2020)
• Tariff rate, applied, simple mean, all products (%)

Reading data like this

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Questions people ask

What is St. Kitts and Nevis's binding coverage, all products (%)?

95.84% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 2.02 percentage points from 97.86% in 1996. The highest value was 97.93% in 1999 and the lowest 95.84% in 2020.

Is the latest change in binding coverage, all products (%) unusual for St. Kitts and Nevis?

In 2020, St. Kitts and Nevis' binding coverage, all products (%) fell 1.66 percentage points on 2019 (from 97.5% to 95.84%). Across the 17 yearly changes before that (2000 to 2019), the average change was −0.03 percentage points and a typical year strayed about 0.1 percentage points from that (the standard deviation). This year's change was 15.7 standard deviations below that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

The World Bank's World Development Indicators, 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).

Source

World Bank, World Development Indicators, indicator TM.TAX.MRCH.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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