Binding coverage, all products in Ecuador
Ecuador: Binding coverage, all products was 94.6% in 2022. ▬ Flat
Binding coverage, all products in Ecuador, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Ecuador recorded 94.6% for binding coverage, all products in 2022.
That represents a change of down 0.3% over ten years.
Over the whole period, binding coverage, all products in Ecuador peaked at 95.4% in 2002 and was at its lowest, 94.4%, in 2014.
That places Ecuador 41st out of 158 countries with data for 2022, putting it in the middle of the range.
Binding coverage, all products in Ecuador, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 95.4% | — |
| 1997 | 95.4% | +0.0% |
| 1998 | 95.4% | +0.0% |
| 1999 | 95.4% | +0.0% |
| 2000 | 95.4% | +0.0% |
| 2001 | 95.4% | +0.0% |
| 2002 | 95.4% | +0.0% |
| 2003 | 95.4% | +0.0% |
| 2004 | 95.4% | +0.0% |
| 2005 | 95.4% | +0.0% |
| 2006 | 95.4% | +0.0% |
| 2007 | 95.4% | +0.0% |
| 2008 | 94.9% | -0.6% |
| 2009 | 94.9% | +0.0% |
| 2010 | 94.9% | +0.0% |
| 2011 | 94.9% | +0.0% |
| 2012 | 94.9% | +0.0% |
| 2014 | 94.4% | -0.5% |
| 2015 | 94.4% | +0.0% |
| 2016 | 94.4% | +0.0% |
| 2017 | 94.4% | +0.0% |
| 2018 | 94.6% | +0.2% |
| 2019 | 94.6% | -0.0% |
| 2020 | 94.6% | +0.0% |
| 2021 | 94.6% | +0.0% |
| 2022 | 94.6% | +0.0% |
Ecuador compared with similar countries
- Ecuador's 94.6% is above the median for upper middle income countries, which is 40.6%, 2.3× the median. (45 countries reporting)
- Ecuador's 94.6% is below the median for Latin America & Caribbean, which is 96.7%, 98% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 95.4% | 95.4% | 95.4% | 4 |
| 2000s | 95.3% | 94.9% | 95.4% | 10 |
| 2010s | 94.6% | 94.4% | 94.9% | 9 |
| 2020s | 94.6% | 94.6% | 94.6% | 3 |
Countries ranked near Ecuador
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.2% (2024)
- Manufactures imports 59.2% (2024)
- Merchandise imports 32.65 billion current US$ (2025)
- Food exports 53.7% (2024)
- Manufactures exports 4.9% (2024)
- Merchandise exports 37.15 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2851 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.93 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, all products in Ecuador?
- Binding coverage, all products in Ecuador was 94.6% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, all products recorded in Ecuador?
- The highest recorded value was 95.4% in 2002.
- What is the lowest binding coverage, all products recorded in Ecuador?
- The lowest recorded value was 94.4% in 2014.
- How does Ecuador rank for binding coverage, all products?
- Ecuador ranks 41st out of 158 countries with data for 2022.
- Is binding coverage, all products rising or falling in Ecuador?
- Over the last ten years it is down 0.3%. The long-run trend across the full record is flat.
- Where does this Ecuador data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, all products (%). Statizoid updates them automatically from the source API.
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.