South Korea vs Nepal: Bound rate, simple mean, primary products (%)
South Korea
33.5%
in 2021
Nepal
32.9%
in 2021
South Korea rank
72nd
Nepal rank
75th
Bound rate, simple mean, primary products (%) over time
- South Korea
- Nepal
How they compare
South Korea currently reports 33.5% against 32.9% in Nepal, a difference of 0.6%.
Across all 16 years both countries report, South Korea has been ahead every year.
South Korea ranks 72nd and Nepal ranks 75th of 157 countries.
South Korea has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | South Korea | Nepal | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 35.1% | 32.4% | 2.7% | South Korea |
| 2010s | 35.9% | 32.5% | 3.3% | South Korea |
| 2020s | 33.5% | 32.9% | 0.6% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher bound rate, simple mean, primary products, South Korea or Nepal?
- South Korea, at 33.5% against 32.9% in Nepal as of 2021.
- What is the difference in bound rate, simple mean, primary products between South Korea and Nepal?
- 0.6%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Nepal?
- 16 years are reported by both, from 2004 to 2021.
- How do South Korea and Nepal rank globally for bound rate, simple mean, primary products?
- South Korea ranks 72nd and Nepal ranks 75th 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).