Binding coverage, primary products in Malawi

Malawi: Binding coverage, primary products was 68.8% in 2021. ▲ Rising

Latest (2021)
68.8%
Change on year
unchanged
World rank
49th
of 158 countries
All-time high
68.8%
in 2019
All-time low
65.5%
in 2003
Years of data
19
1996–2021

Binding coverage, primary products in Malawi, 1996–2021

02040601996200820211996: 65.5 %1997: 65.5 %1998: 65.5 %2000: 66.2 %2001: 66.2 %2003: 65.5 %2006: 65.5 %2008: 65.8 %2009: 65.8 %2010: 65.8 %2011: 65.8 %2012: 65.8 %2013: 65.8 %2014: 68.7 %2015: 68.7 %2016: 68.7 %2019: 68.8 %2020: 68.8 %2021: 68.8 %

Source: Staff estimates, World Bank (WB). Measured in %.

Analysis

Malawi recorded 68.8% for binding coverage, primary products in 2021. That is the highest value across all 19 years on record.

Compared with earlier readings it is up 4.5% over ten years.

Over the whole period, binding coverage, primary products in Malawi peaked at 68.8% in 2019 and was at its lowest, 65.5%, in 2003.

That places Malawi 49th out of 158 countries with data for 2021, putting it in the middle of the range.

The long-run direction has been consistently rising across the 19 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 65.5% 65.5% 65.5% 3
2000s 65.8% 65.5% 66.2% 6
2010s 67.3% 65.8% 68.8% 8
2020s 68.8% 68.8% 68.8% 2

Countries ranked near Malawi

  1. 46 Vietnam 80.2% compare
  2. 47 Sri Lanka 73.4% compare
  3. 48 Zimbabwe 69.2% compare
  4. 50 Philippines 65.7% compare
  5. 51 Tunisia 63.1% compare
  6. 52 Mauritania 58.6% compare

See the full ranking of 159 places →

More private sector data for Malawi

All data for Malawi →

Frequently asked questions

What is binding coverage, primary products in Malawi?
Binding coverage, primary products in Malawi was 68.8% in 2021, according to Staff estimates, World Bank (WB).
What is the highest binding coverage, primary products recorded in Malawi?
The highest recorded value was 68.8% in 2019.
What is the lowest binding coverage, primary products recorded in Malawi?
The lowest recorded value was 65.5% in 2003.
How does Malawi rank for binding coverage, primary products?
Malawi ranks 49th out of 158 countries with data for 2021.
Is binding coverage, primary products rising or falling in Malawi?
Over the last ten years it is up 4.5%. The long-run trend across the full record is rising.
Where does this Malawi data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.

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About this data

Indicator
Binding coverage, primary products (%)
Unit
%
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
159 places, 3,312 data points, 1995–2022
Last refreshed

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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).