Suriname: Binding coverage, all products (%)

Key figures

Since 1996 it is down 1.46 percentage points from 28.91% in 1996. The World Bank has no value for 13 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2022, Suriname's binding coverage, all products (%) did not change 0 percentage points on 2021 (from 27.45% to 27.45%).

Across the 8 yearly changes before that (2000 to 2021), the average change was +0 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above 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 1.04 percentage points in 2011 and the biggest yearly fall was 1.04 percentage points in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

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

How it compares

In 2022, Suriname had the 33rd highest value of the 130 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 Suriname in the 2022 ranking

• Mauritania — 30th of 130: 40.6%
• Côte d'Ivoire — 31st of 130: 34.18%
• Cuba — 32nd of 130: 32.59%
• Myanmar — 34th of 130: 18.94%
• Bangladesh — 35th of 130: 17.32%
• Albania — 36th of 130: 0%

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 14 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 Suriname

• Import volume index (2015 = 100) — 66.2 (2024)
• Import value index (2015 = 100) — 87.7 (2024)
• Net barter terms of trade index (2015 = 100) — 137.9 (2024)
• Export volume index (2015 = 100) — 49.7 (2024)
• Export value index (2015 = 100) — 90.8 (2024)
• Binding coverage, manufactured products (%) — 18.94% (2022)
• Bound rate, simple mean, manufactured products (%) — 16.73% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 8.94% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.79% (2022)

Reading data like this

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Questions people ask

What is Suriname's binding coverage, all products (%)?

27.45% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 1.46 percentage points from 28.91% in 1996. The highest value was 28.92% in 1999 and the lowest 27.45% in 2009.

How does Suriname rank?

33rd highest of 130 economies with data for 2022.

Is the latest change in binding coverage, all products (%) unusual for Suriname?

In 2022, Suriname's binding coverage, all products (%) did not change 0 percentage points on 2021 (from 27.45% to 27.45%). Across the 8 yearly changes before that (2000 to 2021), the average change was +0 percentage points and a typical year strayed about 0.56 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations above 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.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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