Trinidad and Tobago: Binding coverage, manufactured products (%)

Key figures

Since 1996 it is up 0.05 percentage points from 99.95% in 1996. The World Bank has no value for 11 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2022, Trinidad and Tobago's binding coverage, manufactured products (%) did not change 0 percentage points on 2021 (from 100% to 100%).

Across the 10 yearly changes before that (2002 to 2021), 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 0.1 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 0.02 percentage points in 2007 and the biggest yearly fall was 0.05 percentage points in 2004. 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, Trinidad and Tobago had the 1st 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 Trinidad and Tobago in the 2022 ranking

• Paraguay — 14th of 130: 100%
• Peru — 15th of 130: 100%
• Tonga — 16th of 130: 100%
• Ukraine — 18th of 130: 100%
• Uruguay — 19th of 130: 100%
• Venezuela, RB — 20th of 130: 100%

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 16 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 Trinidad and Tobago

• Import volume index (2015 = 100) — 67.8 (2024)
• Import value index (2015 = 100) — 83.1 (2024)
• Net barter terms of trade index (2015 = 100) — 122.8 (2024)
• Export volume index (2015 = 100) — 48.9 (2024)
• Export value index (2015 = 100) — 73.5 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 7.96% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 5.39% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 6.1% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%)

Reading data like this

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Questions people ask

What is Trinidad and Tobago's binding coverage, manufactured products (%)?

100% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 0.05 percentage points from 99.95% in 1996. The highest value was 100% in 1999 and the lowest 99.95% in 1996.

How does Trinidad and Tobago rank?

1st highest of 130 economies with data for 2022.

Is the latest change in binding coverage, manufactured products (%) unusual for Trinidad and Tobago?

In 2022, Trinidad and Tobago's binding coverage, manufactured products (%) did not change 0 percentage points on 2021 (from 100% to 100%). Across the 10 yearly changes before that (2002 to 2021), 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 0.1 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.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.

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