Bound rate, simple mean, all products in European Union
European Union: Bound rate, simple mean, all products was 4.4% in 2021. ▼ Falling
Bound rate, simple mean, all products in European Union, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
European Union recorded 4.4% for bound rate, simple mean, all products in 2021.
The figure is down 24.7% over ten years.
Over the whole period, bound rate, simple mean, all products in European Union peaked at 6.3% in 2001 and was at its lowest, 4.1%, in 1995.
The long-run direction has been consistently falling across the 27 years of available data.
Bound rate, simple mean, all products in European Union, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 4.1% | — |
| 1996 | 6.2% | +50.6% |
| 1997 | 6.1% | -1.1% |
| 1998 | 6.1% | -0.3% |
| 1999 | 6.1% | +0.2% |
| 2000 | 6.1% | +0.3% |
| 2001 | 6.3% | +3.6% |
| 2002 | 6.2% | -1.3% |
| 2003 | 6.2% | +0.0% |
| 2004 | 6.1% | -2.4% |
| 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% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.7% | 4.1% | 6.2% | 5 |
| 2000s | 6.1% | 5.9% | 6.3% | 10 |
| 2010s | 5.2% | 4.4% | 6.0% | 10 |
| 2020s | 4.4% | 4.4% | 4.4% | 2 |
Countries ranked near European Union
- 1 Bangladesh 158.9% compare
- 2 Nigeria 121.3% compare
- 3 Tanzania, United Republic of 120.0% compare
- 4 Zambia 107.6% compare
More private sector data for European Union
- Merchandise trade 70.9% (2025)
- Food imports 10.7% (2024)
- Manufactures imports 70.7% (2024)
- Merchandise imports 7.41 trillion current US$ (2025)
- Food exports 11.0% (2024)
- Manufactures exports 76.6% (2024)
- Merchandise exports 7.66 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 16,988 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3608 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 6.82 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in European Union?
- Bound rate, simple mean, all products in European Union was 4.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in European Union?
- The highest recorded value was 6.3% in 2001.
- What is the lowest bound rate, simple mean, all products recorded in European Union?
- The lowest recorded value was 4.1% in 1995.
- How does European Union rank for bound rate, simple mean, all products?
- European Union ranks 1st out of 1 regions with data for 2021.
- Is bound rate, simple mean, all products rising or falling in European Union?
- Over the last ten years it is down 24.7%. The long-run trend across the full record is falling.
- Where does this European Union 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 — 27 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.