Bound rate, simple mean, all products (%) in Dominican Republic
Dominican Republic: Bound rate, simple mean, all products (%) was 34.5% in 2021. ▬ Flat
Bound rate, simple mean, all products in Dominican Republic, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Dominican Republic is 34.5%, measured in 2021. That is the highest value across all 23 years on record.
Compared with earlier readings it is up 0.6% over ten years.
Over the whole period, bound rate, simple mean, all products in Dominican Republic peaked at 34.5% in 2017 and was at its lowest, 34.3%, in 2005.
That places Dominican Republic 59th out of 157 countries with data for 2021, putting it in the middle of the range.
Bound rate, simple mean, all products (%) in Dominican Republic, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 34.4% | — |
| 1997 | 34.4% | -0.1% |
| 1998 | 34.4% | +0.1% |
| 1999 | 34.4% | +0.0% |
| 2000 | 34.4% | -0.1% |
| 2001 | 34.4% | +0.1% |
| 2002 | 34.4% | +0.0% |
| 2003 | 34.4% | +0.0% |
| 2004 | 34.4% | +0.0% |
| 2005 | 34.3% | -0.3% |
| 2006 | 34.3% | +0.0% |
| 2007 | 34.4% | +0.2% |
| 2008 | 34.4% | +0.0% |
| 2010 | 34.4% | +0.0% |
| 2011 | 34.4% | +0.0% |
| 2012 | 34.5% | +0.4% |
| 2013 | 34.5% | +0.0% |
| 2015 | 34.5% | +0.0% |
| 2016 | 34.5% | +0.0% |
| 2017 | 34.5% | +0.1% |
| 2018 | 34.5% | +0.0% |
| 2020 | 34.5% | +0.0% |
| 2021 | 34.5% | +0.0% |
Dominican Republic compared with similar countries
- Dominican Republic's 34.5% is above the median for upper middle income countries, which is 25.4%, 1.4× the median. (45 countries reporting)
- Dominican Republic's 34.5% is below the median for Latin America & Caribbean, which is 38.5%, 90% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 34.4% | 34.4% | 34.4% | 4 |
| 2000s | 34.3% | 34.3% | 34.4% | 9 |
| 2010s | 34.5% | 34.4% | 34.5% | 8 |
| 2020s | 34.5% | 34.5% | 34.5% | 2 |
Countries ranked near Dominican Republic
More private sector data for Dominican Republic
- Merchandise trade 35.6% (2025)
- Food imports 18.6% (2025)
- Manufactures imports 67.4% (2025)
- Merchandise imports 29.75 billion current US$ (2025)
- Commercial service imports 5.45 billion current US$ (2025)
- Food exports 24.7% (2025)
- Manufactures exports 54.0% (2025)
- Merchandise exports 15.58 billion current US$ (2025)
- Commercial service exports 14.11 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,352 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Dominican Republic?
- Bound rate, simple mean, all products in Dominican Republic was 34.5% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Dominican Republic?
- The highest recorded value was 34.5% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Dominican Republic?
- The lowest recorded value was 34.3% in 2005.
- How does Dominican Republic rank for bound rate, simple mean, all products?
- Dominican Republic ranks 59th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Dominican Republic?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is flat.
- Where does this Dominican Republic 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 — 23 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.