South Korea vs Mongolia: Bound rate, simple mean, all products
South Korea
16.6%
in 2021
Mongolia
17.6%
in 2021
South Korea rank
97th
Mongolia rank
96th
Bound rate, simple mean, all products over time
- South Korea
- Mongolia
How they compare
Mongolia currently reports 17.6% against 16.6% in South Korea, a difference of 1.0%.
That makes Mongolia's figure about 1.1 times South Korea's.
The two have swapped places 2 times across 19 shared years of data; in 1999 it was Mongolia ahead.
South Korea ranks 97th and Mongolia ranks 96th of 157 countries.
Mongolia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | South Korea | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 15.7% | 17.5% | 1.8% | Mongolia |
| 2000s | 16.6% | 17.5% | 0.9% | Mongolia |
| 2010s | 16.9% | 17.5% | 0.6% | Mongolia |
| 2020s | 16.6% | 17.6% | 1.0% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bound rate, simple mean, all products, South Korea or Mongolia?
- Mongolia, at 17.6% against 16.6% in South Korea as of 2021.
- What is the difference in bound rate, simple mean, all products between South Korea and Mongolia?
- 1.0%, with Mongolia ahead.
- How many years of comparable data are there for South Korea and Mongolia?
- 19 years are reported by both, from 1999 to 2021.
- How do South Korea and Mongolia rank globally for bound rate, simple mean, all products?
- South Korea ranks 97th and Mongolia ranks 96th 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.