Binding coverage, all products in Sri Lanka
Sri Lanka: Binding coverage, all products was 40.6% in 2021. ▬ Flat
Binding coverage, all products in Sri Lanka, 1997–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, binding coverage, all products in Sri Lanka stood at 40.6%.
The figure is up 5.5% over ten years.
Over the whole period, binding coverage, all products in Sri Lanka peaked at 40.7% in 1997 and was at its lowest, 38.1%, in 2003.
Sri Lanka ranks 51st of 158 countries on this measure, in the middle of the range.
Binding coverage, all products in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 40.7% | — |
| 1998 | 40.5% | -0.5% |
| 2000 | 40.5% | +0.0% |
| 2001 | 40.5% | +0.0% |
| 2003 | 38.1% | -5.8% |
| 2004 | 38.1% | +0.0% |
| 2005 | 38.1% | +0.0% |
| 2006 | 38.1% | +0.0% |
| 2007 | 38.5% | +0.8% |
| 2008 | 38.5% | +0.0% |
| 2009 | 38.5% | +0.0% |
| 2010 | 38.5% | +0.0% |
| 2011 | 38.4% | -0.1% |
| 2012 | 40.7% | +5.8% |
| 2014 | 40.7% | +0.0% |
| 2015 | 40.5% | -0.4% |
| 2017 | 40.5% | +0.0% |
| 2018 | 40.6% | +0.1% |
| 2019 | 40.6% | -0.0% |
| 2020 | 40.6% | +0.0% |
| 2021 | 40.6% | +0.0% |
Sri Lanka compared with similar countries
- Sri Lanka's 40.6% is above the median for upper middle income countries, which is 40.6%, 1.0× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.6% | 40.5% | 40.7% | 2 |
| 2000s | 38.8% | 38.1% | 40.5% | 9 |
| 2010s | 40.1% | 38.4% | 40.7% | 8 |
| 2020s | 40.6% | 40.6% | 40.6% | 2 |
Countries ranked near Sri Lanka
More private sector data for Sri Lanka
- Merchandise trade 32.2% (2025)
- Food imports 15.3% (2024)
- Manufactures imports 59.7% (2024)
- Merchandise imports 21.48 billion current US$ (2025)
- Food exports 27.3% (2024)
- Manufactures exports 66.0% (2024)
- Merchandise exports 13.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 624.24 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1248 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.33 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, all products in Sri Lanka?
- Binding coverage, all products in Sri Lanka was 40.6% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, all products recorded in Sri Lanka?
- The highest recorded value was 40.7% in 1997.
- What is the lowest binding coverage, all products recorded in Sri Lanka?
- The lowest recorded value was 38.1% in 2003.
- How does Sri Lanka rank for binding coverage, all products?
- Sri Lanka ranks 51st out of 158 countries with data for 2021.
- Is binding coverage, all products rising or falling in Sri Lanka?
- Over the last ten years it is up 5.5%. The long-run trend across the full record is flat.
- Where does this Sri Lanka 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.