Ecuador vs Iceland: Bound rate, simple mean, primary products
Ecuador
23.6%
in 2022
Iceland
22.6%
in 2021
Ecuador rank
91st
Iceland rank
93rd
Bound rate, simple mean, primary products over time
- Ecuador
- Iceland
How they compare
Ecuador currently reports 23.6% against 22.6% in Iceland, a difference of 1.0%.
The two have swapped places 1 time across 21 shared years of data; in 1996 it was Iceland ahead.
Ecuador ranks 91st and Iceland ranks 93rd of 157 countries.
Across the 4 decades both report, Ecuador averaged higher in 1 and Iceland in 3.
Head to head by decade
| Decade | Ecuador | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 23.1% | 23.9% | 0.8% | Iceland |
| 2000s | 23.1% | 57.9% | 34.7% | Iceland |
| 2010s | 23.5% | 45.0% | 21.5% | Iceland |
| 2020s | 23.6% | 22.6% | 1.1% | Ecuador |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bound rate, simple mean, primary products, Ecuador or Iceland?
- Ecuador, at 23.6% against 22.6% in Iceland as of 2022.
- What is the difference in bound rate, simple mean, primary products between Ecuador and Iceland?
- 1.0%, with Ecuador ahead.
- How many years of comparable data are there for Ecuador and Iceland?
- 21 years are reported by both, from 1996 to 2021.
- How do Ecuador and Iceland rank globally for bound rate, simple mean, primary products?
- Ecuador ranks 91st and Iceland ranks 93rd 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).