St. Lucia: Binding coverage, manufactured products (%)

Key figures

What the numbers say

In 2020, St. Lucia's binding coverage, manufactured products (%) did not change 0 percentage points on 2019 (from 100% to 100%).

Across the 12 yearly changes before that (2000 to 2019), the average change was +0 percentage points and a typical year strayed about 0.01 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 0.03 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 2011 to 2020 the straight-line trend is upward, about 0.00528 percentage points a year. A straight line explains 73% of the movement over 8 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to St. Lucia in the 2020 ranking

• St. Kitts and Nevis — 1st of 4: 100%
• Dominica — 3rd of 4: 95.77%
• Haiti — 4th of 4: 90.56%

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

All 18 values

Binding coverage, manufactured products (%) in nearby economies

• Antigua and Barbuda — 99.97% (2021)
• Argentina — 100% (2022)
• Barbados — 100% (2022)
• Belize — 0% (2022)
• Bolivia — 100% (2022)
• Brazil — 100% (2022)
• Chile — 100% (2022)
• Colombia — 100% (2022)
• Costa Rica — 0% (2022)
• Cuba — 23.55% (2022)

More trade data for St. Lucia

• Import volume index (2015 = 100) — 130.8 (2024)
• Import value index (2015 = 100) — 174.8 (2024)
• Net barter terms of trade index (2015 = 100) — 96 (2024)
• Export volume index (2015 = 100) — 41.6 (2024)
• Export value index (2015 = 100) — 53.3 (2024)
• Bound rate, simple mean, manufactured products (%) — 53.41% (2020)
• Tariff rate, applied, simple mean, manufactured products (%) — 7.85% (2020)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 6.88% (2020)
• Tariff rate, applied, weighted mean, manufactured products (%) — 9.61% (2020)

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 St. Lucia's binding coverage, manufactured products (%)?

100% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 0.03 percentage points from 99.97% in 1996. The highest value was 100% in 1999 and the lowest 99.95% in 2010.

Is the latest change in binding coverage, manufactured products (%) unusual for St. Lucia?

In 2020, St. Lucia's binding coverage, manufactured products (%) did not change 0 percentage points on 2019 (from 100% to 100%). Across the 12 yearly changes before that (2000 to 2019), the average change was +0 percentage points and a typical year strayed about 0.01 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.

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.MANF.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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.