Bound rate, simple mean, all products in Australia
Australia: Bound rate, simple mean, all products was 9.6% in 2021. ▬ Flat
Bound rate, simple mean, all products in Australia, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Australia recorded 9.6% for bound rate, simple mean, all products in 2021.
That represents a change of down 3.7% over ten years.
Over the whole period, bound rate, simple mean, all products in Australia peaked at 10.0% in 2004 and was at its lowest, 9.5%, in 2015.
Australia ranks 110th of 157 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.7% | 9.7% | 9.7% | 4 |
| 2000s | 9.9% | 9.7% | 10.0% | 10 |
| 2010s | 9.6% | 9.5% | 9.9% | 10 |
| 2020s | 9.6% | 9.6% | 9.6% | 2 |
Countries ranked near Australia
- 107 Saudi Arabia 10.7% compare
- 108 China 10.0% compare
- 109 Seychelles 9.9% compare
- 111 New Zealand 9.4% compare
- 112 Armenia 8.7% compare
- 113 Tajikistan 7.9% compare
More private sector data for Australia
- Merchandise trade 36.0% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 74.3% (2025)
- Merchandise imports 310.63 billion current US$ (2025)
- Food exports 13.7% (2025)
- Manufactures exports 9.8% (2025)
- Merchandise exports 337.58 billion current US$ (2025)
- Commercial service exports 90.93 billion current US$ (2025)
- Transport services 16.4% (2025)
- Computer, communications and other services 39.3% (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Australia?
- Bound rate, simple mean, all products in Australia was 9.6% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Australia?
- The highest recorded value was 10.0% in 2004.
- What is the lowest bound rate, simple mean, all products recorded in Australia?
- The lowest recorded value was 9.5% in 2015.
- How does Australia rank for bound rate, simple mean, all products?
- Australia ranks 110th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Australia?
- Over the last ten years it is down 3.7%. The long-run trend across the full record is flat.
- Where does this Australia 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.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.