Ecuador vs Panama: Bound rate, simple mean, all products
Ecuador
21.9%
in 2022
Panama
23.0%
in 2021
Ecuador rank
82nd
Panama rank
80th
Bound rate, simple mean, all products over time
- Ecuador
- Panama
How they compare
Panama currently reports 23.0% against 21.9% in Ecuador, a difference of 1.1%.
That makes Panama's figure about 1.1 times Ecuador's.
Across all 19 years both countries report, Panama has been ahead every year.
Ecuador ranks 82nd and Panama ranks 80th of 157 countries.
Panama has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Ecuador | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 21.6% | 22.9% | 1.2% | Panama |
| 2000s | 21.6% | 22.8% | 1.2% | Panama |
| 2010s | 21.7% | 22.9% | 1.2% | Panama |
| 2020s | 21.9% | 23.0% | 1.1% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bound rate, simple mean, all products, Ecuador or Panama?
- Panama, at 23.0% against 21.9% in Ecuador as of 2021.
- What is the difference in bound rate, simple mean, all products between Ecuador and Panama?
- 1.1%, with Panama ahead.
- How many years of comparable data are there for Ecuador and Panama?
- 19 years are reported by both, from 1997 to 2021.
- How do Ecuador and Panama rank globally for bound rate, simple mean, all products?
- Ecuador ranks 82nd and Panama ranks 80th of 157 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Bound rate, simple mean, all products (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.