Bound rate, simple mean, all products (%) in Georgia
Georgia: Bound rate, simple mean, all products (%) was 7.1% in 2022. ▬ Flat
Bound rate, simple mean, all products in Georgia, 2001–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, bound rate, simple mean, all products in Georgia stood at 7.1%.
Compared with earlier readings it is down 1.7% over ten years.
Over the whole period, bound rate, simple mean, all products in Georgia peaked at 7.3% in 2007 and was at its lowest, 7.1%, in 2001.
Georgia ranks 116th of 157 countries on this measure, in the middle of the range.
Bound rate, simple mean, all products (%) in Georgia, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 7.1% | — |
| 2002 | 7.1% | +0.0% |
| 2003 | 7.1% | +0.0% |
| 2004 | 7.1% | +0.0% |
| 2005 | 7.1% | +0.0% |
| 2006 | 7.1% | +0.0% |
| 2007 | 7.3% | +3.0% |
| 2008 | 7.3% | -0.1% |
| 2009 | 7.3% | +0.0% |
| 2010 | 7.3% | +0.0% |
| 2011 | 7.2% | -0.3% |
| 2012 | 7.2% | +0.0% |
| 2013 | 7.3% | +0.3% |
| 2015 | 7.1% | -2.1% |
| 2016 | 7.1% | +0.0% |
| 2020 | 7.1% | +0.0% |
| 2021 | 7.1% | +0.1% |
| 2022 | 7.1% | +0.0% |
Georgia compared with similar countries
- Georgia's 7.1% is below the median for upper middle income countries, which is 25.4%, 28% of the median. (45 countries reporting)
- Georgia's 7.1% is above the median for Europe & Central Asia, which is 4.4%, 1.6× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | 7.1% | 7.3% | 9 |
| 2010s | 7.2% | 7.1% | 7.3% | 6 |
| 2020s | 7.1% | 7.1% | 7.1% | 3 |
Countries ranked near Georgia
- 113 Tajikistan 7.9% compare
- 114 Kyrgyzstan 7.6% compare
- 115 Russia 7.4% compare
- 117 Singapore 6.9% compare
- 118 North Macedonia 6.9% compare
- 119 Albania 6.8% compare
More private sector data for Georgia
- Merchandise trade 67.7% (2025)
- Food imports 13.3% (2025)
- Manufactures imports 71.9% (2025)
- Merchandise imports 18.53 billion current US$ (2025)
- Commercial service imports 3.80 billion current US$ (2025)
- Food exports 45.4% (2025)
- Manufactures exports 29.9% (2025)
- Merchandise exports 7.29 billion current US$ (2025)
- Commercial service exports 8.38 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,852 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Georgia?
- Bound rate, simple mean, all products in Georgia was 7.1% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Georgia?
- The highest recorded value was 7.3% in 2007.
- What is the lowest bound rate, simple mean, all products recorded in Georgia?
- The lowest recorded value was 7.1% in 2001.
- How does Georgia rank for bound rate, simple mean, all products?
- Georgia ranks 116th out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Georgia?
- Over the last ten years it is down 1.7%. The long-run trend across the full record is flat.
- Where does this Georgia 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.