St. Lucia: Bound rate, simple mean, all products (%)

Key figures

What the numbers say

In 2020, St. Lucia's bound rate, simple mean, all products (%) did not change 0 percentage points on 2019 (from 64.55% to 64.55%).

Across the 12 yearly changes before that (2000 to 2019), the average change was +0.19 percentage points and a typical year strayed about 0.57 percentage points from that (the standard deviation). This year's change was 0.3 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 1.98 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 0.29 percentage points a year. A straight line explains 72% 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 5: 76.51%
• Dominica — 3rd of 5: 59.77%
• Haiti — 4th of 5: 17.75%
• Saudi Arabia — 5th of 5: 10.66%

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.

All 18 values

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

• Antigua and Barbuda — 58.75% (2021)
• Argentina — 31.78% (2022)
• Barbados — 78.93% (2022)
• Belize — 59.31% (2021)
• Bolivia — 39.98% (2022)
• Brazil — 31.47% (2022)
• Chile — 25.15% (2022)
• Colombia — 42.84% (2022)
• Costa Rica — 43.05% (2021)
• Cuba — 21.77% (2022)
• Dominica

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)
• Binding coverage, manufactured products (%) — 100% (2020)
• 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)

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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Questions people ask

What is St. Lucia's bound rate, simple mean, all products (%)?

64.55% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 2.43 percentage points from 62.12% in 1996. The highest value was 64.55% in 2015 and the lowest 62.12% in 1996.

Is the latest change in bound rate, simple mean, all products (%) unusual for St. Lucia?

In 2020, St. Lucia's bound rate, simple mean, all products (%) did not change 0 percentage points on 2019 (from 64.55% to 64.55%). Across the 12 yearly changes before that (2000 to 2019), the average change was +0.19 percentage points and a typical year strayed about 0.57 percentage points from that (the standard deviation). This year's change was 0.3 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.MRCH.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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