Bound rate, simple mean, all products (%) in Armenia
Armenia: Bound rate, simple mean, all products (%) was 8.7% in 2021. ▬ Flat
Bound rate, simple mean, all products in Armenia, 2003–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Armenia recorded 8.7% for bound rate, simple mean, all products in 2021. That is the highest value across all 19 years on record.
That represents a change of up 2.7% over ten years.
Over the whole period, bound rate, simple mean, all products in Armenia peaked at 8.7% in 2017 and was at its lowest, 8.4%, in 2003.
That places Armenia 112th out of 157 countries with data for 2021, putting it in the middle of the range.
Bound rate, simple mean, all products (%) in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 8.4% | — |
| 2004 | 8.4% | +0.0% |
| 2005 | 8.4% | +0.0% |
| 2006 | 8.4% | +0.2% |
| 2007 | 8.4% | +0.0% |
| 2008 | 8.4% | +0.0% |
| 2009 | 8.5% | +0.4% |
| 2010 | 8.5% | +0.0% |
| 2011 | 8.5% | +0.0% |
| 2012 | 8.5% | +0.0% |
| 2013 | 8.5% | +0.0% |
| 2014 | 8.7% | +2.5% |
| 2015 | 8.7% | +0.0% |
| 2016 | 8.7% | +0.0% |
| 2017 | 8.7% | +0.2% |
| 2018 | 8.7% | +0.0% |
| 2019 | 8.7% | +0.0% |
| 2020 | 8.7% | +0.0% |
| 2021 | 8.7% | +0.0% |
Armenia compared with similar countries
- Armenia's 8.7% is below the median for upper middle income countries, which is 25.4%, 34% of the median. (45 countries reporting)
- Armenia's 8.7% is above the median for Europe & Central Asia, which is 4.4%, 2.0× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | 8.4% | 8.5% | 7 |
| 2010s | 8.6% | 8.5% | 8.7% | 10 |
| 2020s | 8.7% | 8.7% | 8.7% | 2 |
Countries ranked near Armenia
- 109 Seychelles 9.9% compare
- 110 Australia 9.6% compare
- 111 New Zealand 9.4% compare
- 113 Tajikistan 7.9% compare
- 114 Kyrgyzstan 7.6% compare
- 115 Russia 7.4% 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 bound rate, simple mean, all products in Armenia?
- Bound rate, simple mean, all products in Armenia was 8.7% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Armenia?
- The highest recorded value was 8.7% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Armenia?
- The lowest recorded value was 8.4% in 2003.
- How does Armenia rank for bound rate, simple mean, all products?
- Armenia ranks 112th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Armenia?
- Over the last ten years it is up 2.7%. 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 Bound rate, simple mean, all products (%). Statizoid updates them automatically from the source API.
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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.