Binding coverage, manufactured products (%) in Armenia
Armenia: Binding coverage, manufactured products (%) was 100.0% in 2021. ▬ Flat
Binding coverage, manufactured products in Armenia, 2003–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for binding coverage, manufactured products in Armenia is 100.0%, measured in 2021. That is the highest value across all 19 years on record.
The figure is unchanged over ten years.
Over the whole period, binding coverage, manufactured products in Armenia peaked at 100.0% in 2003 and was at its lowest, 100.0%, in 2006.
Armenia ranks 1st of 158 countries on this measure, in the top 10%.
Binding coverage, manufactured products (%) in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 100.0% | — |
| 2004 | 100.0% | +0.0% |
| 2005 | 100.0% | +0.0% |
| 2006 | 100.0% | -0.0% |
| 2007 | 100.0% | +0.0% |
| 2008 | 100.0% | +0.0% |
| 2009 | 100.0% | +0.1% |
| 2010 | 100.0% | +0.0% |
| 2011 | 100.0% | +0.0% |
| 2012 | 100.0% | +0.0% |
| 2013 | 100.0% | -0.0% |
| 2014 | 100.0% | +0.0% |
| 2015 | 100.0% | +0.0% |
| 2016 | 100.0% | +0.0% |
| 2017 | 100.0% | +0.0% |
| 2018 | 100.0% | +0.0% |
| 2019 | 100.0% | +0.0% |
| 2020 | 100.0% | +0.0% |
| 2021 | 100.0% | +0.0% |
Armenia compared with similar countries
- Armenia's 100.0% is above the median for upper middle income countries, which is 29.1%, 3.4× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 100.0% | 100.0% | 100.0% | 7 |
| 2010s | 100.0% | 100.0% | 100.0% | 10 |
| 2020s | 100.0% | 100.0% | 100.0% | 2 |
Countries ranked near Armenia
- 1 Angola 100.0% compare
- 1 Argentina 100.0% compare
- 1 Barbados 100.0% compare
- 1 Bolivia 100.0% compare
- 1 Brazil 100.0% compare
- 1 Cape Verde 100.0% compare
- 1 Chile 100.0% compare
- 1 Colombia 100.0% compare
- 1 Democratic Republic of Congo 100.0% compare
- 1 Georgia 100.0% compare
- 1 Guyana 100.0% compare
- 1 Jordan 100.0% compare
- 1 Laos 100.0% compare
- 1 Mexico 100.0% compare
- 1 Moldova 100.0% compare
- 1 Morocco 100.0% compare
- 1 Papua New Guinea 100.0% compare
- 1 Paraguay 100.0% compare
- 1 Peru 100.0% compare
- 1 Russia 100.0% compare
- 1 Samoa 100.0% compare
- 1 Seychelles 100.0% compare
- 1 Saint Kitts and Nevis 100.0% compare
- 1 Saint Lucia 100.0% compare
- 1 Tajikistan 100.0% compare
- 1 Tonga 100.0% compare
- 1 Trinidad and Tobago 100.0% compare
- 1 Ukraine 100.0% compare
- 1 United Arab Emirates 100.0% compare
- 1 Uruguay 100.0% compare
- 1 Venezuela 100.0% compare
More private sector data for Armenia
- Merchandise trade 73.3% (2025)
- Food imports 13.7% (2025)
- Manufactures imports 55.8% (2025)
- Merchandise imports 13.04 billion current US$ (2025)
- Commercial service imports 4.25 billion current US$ (2025)
- Food exports 18.4% (2025)
- Manufactures exports 44.6% (2025)
- Merchandise exports 8.39 billion current US$ (2025)
- Commercial service exports 6.04 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,720 current US$ per person (2025)
Frequently asked questions
- What is binding coverage, manufactured products in Armenia?
- Binding coverage, manufactured products in Armenia was 100.0% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, manufactured products recorded in Armenia?
- The highest recorded value was 100.0% in 2003.
- What is the lowest binding coverage, manufactured products recorded in Armenia?
- The lowest recorded value was 100.0% in 2006.
- How does Armenia rank for binding coverage, manufactured products?
- Armenia ranks 1st out of 158 countries with data for 2021.
- Is binding coverage, manufactured products rising or falling in Armenia?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Armenia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, manufactured 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.