Bound rate, simple mean, all products in Grenada
Grenada: Bound rate, simple mean, all products was 56.6% in 2022. ▬ Flat
Bound rate, simple mean, all products in Grenada, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Grenada is 56.6%, measured in 2022. That is the lowest value across all 17 years on record.
The figure is down 1.2% on the previous year and unchanged over ten years.
Over the whole period, bound rate, simple mean, all products in Grenada peaked at 57.3% in 2015 and was at its lowest, 56.6%, in 2010.
Grenada ranks 34th of 157 countries on this measure, in the top quarter.
Bound rate, simple mean, all products in Grenada, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 56.8% | — |
| 1999 | 56.8% | +0.0% |
| 2000 | 56.8% | +0.0% |
| 2001 | 56.8% | +0.0% |
| 2002 | 56.8% | +0.0% |
| 2003 | 56.8% | +0.0% |
| 2006 | 56.8% | +0.0% |
| 2007 | 56.8% | +0.0% |
| 2008 | 56.8% | +0.0% |
| 2010 | 56.6% | -0.3% |
| 2011 | 56.6% | +0.0% |
| 2012 | 56.6% | +0.0% |
| 2013 | 56.6% | +0.0% |
| 2015 | 57.3% | +1.2% |
| 2016 | 57.3% | +0.0% |
| 2019 | 57.3% | +0.0% |
| 2022 | 56.6% | -1.2% |
Grenada compared with similar countries
- Grenada's 56.6% is above the median for upper middle income countries, which is 25.4%, 2.2× the median. (45 countries reporting)
- Grenada's 56.6% is above the median for Latin America & Caribbean, which is 38.5%, 1.5× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 56.8% | 56.8% | 56.8% | 2 |
| 2000s | 56.8% | 56.8% | 56.8% | 7 |
| 2010s | 56.9% | 56.6% | 57.3% | 7 |
| 2020s | 56.6% | 56.6% | 56.6% | 1 |
Countries ranked near Grenada
More private sector data for Grenada
- Merchandise trade 48.4% (2025)
- Food imports 24.2% (2024)
- Manufactures imports 56.2% (2024)
- Merchandise imports 653.00 million current US$ (2025)
- Food exports 69.1% (2024)
- Manufactures exports 28.6% (2024)
- Merchandise exports 35.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 298.37 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -18.6 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Grenada?
- Bound rate, simple mean, all products in Grenada was 56.6% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Grenada?
- The highest recorded value was 57.3% in 2015.
- What is the lowest bound rate, simple mean, all products recorded in Grenada?
- The lowest recorded value was 56.6% in 2010.
- How does Grenada rank for bound rate, simple mean, all products?
- Grenada ranks 34th out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Grenada?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Grenada 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 — 17 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.