Bound rate, simple mean, all products in Barbados
Barbados: Bound rate, simple mean, all products was 78.9% in 2022. ▬ Flat
Bound rate, simple mean, all products in Barbados, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, bound rate, simple mean, all products in Barbados stood at 78.9%. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 0.9% over ten years.
Over the whole period, bound rate, simple mean, all products in Barbados peaked at 78.9% in 2020 and was at its lowest, 78.0%, in 1996.
Barbados ranks 20th of 157 countries on this measure, in the top quarter.
Bound rate, simple mean, all products in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 78.0% | — |
| 1999 | 78.2% | +0.2% |
| 2000 | 78.2% | +0.0% |
| 2001 | 78.2% | +0.0% |
| 2002 | 78.2% | +0.0% |
| 2003 | 78.2% | +0.0% |
| 2004 | 78.2% | +0.0% |
| 2006 | 78.2% | +0.0% |
| 2007 | 78.2% | +0.0% |
| 2010 | 78.2% | +0.0% |
| 2011 | 78.2% | +0.0% |
| 2012 | 78.2% | +0.1% |
| 2013 | 78.2% | +0.0% |
| 2020 | 78.9% | +0.9% |
| 2021 | 78.9% | +0.0% |
| 2022 | 78.9% | +0.0% |
Barbados compared with similar countries
- Barbados's 78.9% is above the median for high income countries, which is 4.4%, 18.0× the median. (58 countries reporting)
- Barbados's 78.9% is above the median for Latin America & Caribbean, which is 38.5%, 2.1× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 78.1% | 78.0% | 78.2% | 2 |
| 2000s | 78.2% | 78.2% | 78.2% | 7 |
| 2010s | 78.2% | 78.2% | 78.2% | 4 |
| 2020s | 78.9% | 78.9% | 78.9% | 3 |
Countries ranked near Barbados
More private sector data for Barbados
- Merchandise trade 33.1% (2025)
- Food imports 22.7% (2024)
- Manufactures imports 52.6% (2024)
- Merchandise imports 2.23 billion current US$ (2025)
- Food exports 43.5% (2024)
- Manufactures exports 39.9% (2024)
- Merchandise exports 428.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,514 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0534 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.16 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Barbados?
- Bound rate, simple mean, all products in Barbados was 78.9% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Barbados?
- The highest recorded value was 78.9% in 2020.
- What is the lowest bound rate, simple mean, all products recorded in Barbados?
- The lowest recorded value was 78.0% in 1996.
- How does Barbados rank for bound rate, simple mean, all products?
- Barbados ranks 20th out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Barbados?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is flat.
- Where does this Barbados 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.