Ecuador vs Panama: Bound rate, simple mean, manufactured products
Ecuador
21.2%
in 2022
Panama
21.8%
in 2021
Ecuador rank
74th
Panama rank
73rd
Bound rate, simple mean, manufactured products over time
- Ecuador
- Panama
How they compare
Panama currently reports 21.8% against 21.2% in Ecuador, a difference of 0.6%.
Across all 19 years both countries report, Panama has been ahead every year.
Ecuador ranks 74th and Panama ranks 73rd 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 | 21.2% | 21.7% | 0.5% | Panama |
| 2000s | 21.2% | 21.7% | 0.5% | Panama |
| 2010s | 21.2% | 21.8% | 0.5% | Panama |
| 2020s | 21.2% | 21.8% | 0.6% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bound rate, simple mean, manufactured products, Ecuador or Panama?
- Panama, at 21.8% against 21.2% in Ecuador as of 2021.
- What is the difference in bound rate, simple mean, manufactured products between Ecuador and Panama?
- 0.6%, 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, manufactured products?
- Ecuador ranks 74th and Panama ranks 73rd of 157 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Bound rate, simple mean, manufactured 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.