St. Kitts and Nevis: Bound rate, simple mean, primary products (%)

Key figures

What the numbers say

In 2020, St. Kitts and Nevis' bound rate, simple mean, primary products (%) rose 1.06 percentage points on 2019 (from 93.68% to 94.74%).

Across the 17 yearly changes before that (2000 to 2019), the average change was −0 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 62.7 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 1.06 percentage points in 2020 and the biggest yearly fall was 0.07 percentage points in 2010. 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 5: 96.45%
• Dominica — 3rd of 5: 89.68%
• Haiti — 4th of 5: 19.84%
• Saudi Arabia — 5th of 5: 11.82%

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

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

• Antigua and Barbuda — 83.5% (2021)
• Argentina — 33.04% (2022)
• Barbados — 97.17% (2022)
• Belize — 83.5% (2021)
• Bolivia — 39.97% (2022)
• Brazil — 33.96% (2022)
• Chile — 25.62% (2022)
• Colombia — 65.82% (2022)
• Costa Rica — 43.83% (2021)
• Cuba — 33.89% (2022)

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)
• Binding coverage, all products (%) — 95.84% (2020)
• Bound rate, simple mean, all products (%) — 76.51% (2020)

Reading data like this

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Questions people ask

What is St. Kitts and Nevis's bound rate, simple mean, primary products (%)?

94.74% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 1.42 percentage points from 93.32% in 1996. The highest value was 94.74% in 2020 and the lowest 93.32% in 1996.

Is the latest change in bound rate, simple mean, primary products (%) unusual for St. Kitts and Nevis?

In 2020, St. Kitts and Nevis' bound rate, simple mean, primary products (%) rose 1.06 percentage points on 2019 (from 93.68% to 94.74%). Across the 17 yearly changes before that (2000 to 2019), the average change was −0 percentage points and a typical year strayed about 0.02 percentage points from that (the standard deviation). This year's change was 62.7 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

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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