Australia vs New Zealand: Bound rate, simple mean, primary products
Bound rate, simple mean, primary products over time
- Australia
- New Zealand
How they compare
New Zealand currently reports 4.2% against 2.4% in Australia, a difference of 1.8%.
That makes New Zealand's figure about 1.8 times Australia's.
Across all 25 years both countries report, New Zealand has been ahead every year.
Australia ranks 153rd and New Zealand ranks 150th of 157 countries.
New Zealand has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | New Zealand | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.5% | 4.4% | 1.9% | New Zealand |
| 2000s | 2.6% | 4.4% | 1.8% | New Zealand |
| 2010s | 2.4% | 4.3% | 1.8% | New Zealand |
| 2020s | 2.4% | 4.2% | 1.9% | New Zealand |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bound rate, simple mean, primary products, Australia or New Zealand?
- New Zealand, at 4.2% against 2.4% in Australia as of 2021.
- What is the difference in bound rate, simple mean, primary products between Australia and New Zealand?
- 1.8%, with New Zealand ahead.
- How many years of comparable data are there for Australia and New Zealand?
- 25 years are reported by both, from 1996 to 2021.
- How do Australia and New Zealand rank globally for bound rate, simple mean, primary products?
- Australia ranks 153rd and New Zealand ranks 150th of 157 countries.
- Where does this data come from?
- Staff estimates, World Bank (WB), published as Bound rate, simple mean, primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).