Bound rate, simple mean, all products (%) in Cyprus
Cyprus: Bound rate, simple mean, all products (%) was 4.4% in 2021. ▼ Falling
Bound rate, simple mean, all products in Cyprus, 2004–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Cyprus recorded 4.4% for bound rate, simple mean, all products in 2021. That is the lowest value across all 18 years on record.
The figure is down 24.7% over ten years.
Over the whole period, bound rate, simple mean, all products in Cyprus peaked at 6.3% in 2005 and was at its lowest, 4.4%, in 2015.
Cyprus ranks 125th of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Bound rate, simple mean, all products (%) in Cyprus, year by year
| Year | % | Change |
|---|---|---|
| 2004 | 6.1% | — |
| 2005 | 6.3% | +3.0% |
| 2006 | 6.2% | -0.6% |
| 2007 | 6.2% | -1.1% |
| 2008 | 5.9% | -3.7% |
| 2009 | 5.9% | -0.5% |
| 2010 | 5.9% | -0.3% |
| 2011 | 5.8% | -0.9% |
| 2012 | 6.0% | +3.3% |
| 2013 | 5.9% | -1.7% |
| 2014 | 5.9% | -0.3% |
| 2015 | 4.4% | -25.6% |
| 2016 | 4.4% | +0.0% |
| 2017 | 4.4% | +0.0% |
| 2018 | 4.4% | +0.0% |
| 2019 | 4.4% | +0.0% |
| 2020 | 4.4% | +0.0% |
| 2021 | 4.4% | +0.0% |
Cyprus compared with similar countries
- Cyprus's 4.4% is above the median for high income countries, which is 4.4%, 1.0× the median. (58 countries reporting)
- Cyprus's 4.4% is above the median for Europe & Central Asia, which is 4.4%, 1.0× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Bound rate, simple mean, all products (%) in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | -25.6% | 5.9% | 4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.1% | 5.9% | 6.3% | 6 |
| 2010s | 5.2% | 4.4% | 6.0% | 10 |
| 2020s | 4.4% | 4.4% | 4.4% | 2 |
Countries ranked near Cyprus
- 122 Ukraine 5.8% compare
- 123 Montenegro 5.3% compare
- 124 Canada 4.9% compare
- 125 Austria 4.4% compare
- 125 Belgium 4.4% compare
- 125 Bulgaria 4.4% compare
- 125 Croatia 4.4% compare
- 125 Czechia 4.4% compare
- 125 Denmark 4.4% compare
- 125 Estonia 4.4% compare
- 125 Finland 4.4% compare
- 125 France 4.4% compare
- 125 Germany 4.4% compare
- 125 Greece 4.4% compare
- 125 Hungary 4.4% compare
- 125 Ireland 4.4% compare
- 125 Italy 4.4% compare
- 125 Latvia 4.4% compare
- 125 Lithuania 4.4% compare
- 125 Malta 4.4% compare
- 125 Netherlands 4.4% compare
- 125 Poland 4.4% compare
- 125 Portugal 4.4% compare
- 125 Romania 4.4% compare
- 125 Slovakia 4.4% compare
- 125 Slovenia 4.4% compare
- 125 Spain 4.4% compare
- 125 Sweden 4.4% compare
- 125 United Kingdom 4.4% compare
More private sector data for Cyprus
- Merchandise trade 52.1% (2025)
- Food imports 15.0% (2025)
- Manufactures imports 56.5% (2025)
- Merchandise imports 15.29 billion current US$ (2025)
- Commercial service imports 25.20 billion current US$ (2025)
- Food exports 15.9% (2025)
- Manufactures exports 16.5% (2025)
- Merchandise exports 6.19 billion current US$ (2025)
- Commercial service exports 35.55 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,513 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Cyprus?
- Bound rate, simple mean, all products in Cyprus was 4.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Cyprus?
- The highest recorded value was 6.3% in 2005.
- What is the lowest bound rate, simple mean, all products recorded in Cyprus?
- The lowest recorded value was 4.4% in 2015.
- How does Cyprus rank for bound rate, simple mean, all products?
- Cyprus ranks 125th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Cyprus?
- Over the last ten years it is down 24.7%. The long-run trend across the full record is falling.
- Where does this Cyprus 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 — 18 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.