Bound rate, simple mean, all products (%) in Guyana
Guyana: Bound rate, simple mean, all products (%) was 57.2% in 2022. ▬ Flat
Bound rate, simple mean, all products in Guyana, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Guyana recorded 57.2% for bound rate, simple mean, all products in 2022.
The figure is up 1.2% over ten years.
Over the whole period, bound rate, simple mean, all products in Guyana peaked at 57.2% in 2020 and was at its lowest, 56.6%, in 2007.
That places Guyana 33rd out of 157 countries with data for 2022, putting it in the top quarter.
Bound rate, simple mean, all products (%) in Guyana, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 56.6% | — |
| 1999 | 56.6% | +0.1% |
| 2000 | 56.6% | +0.0% |
| 2001 | 56.6% | +0.0% |
| 2002 | 56.6% | +0.0% |
| 2003 | 56.6% | +0.0% |
| 2006 | 56.6% | -0.0% |
| 2007 | 56.6% | -0.1% |
| 2008 | 56.6% | +0.0% |
| 2009 | 56.6% | +0.0% |
| 2010 | 56.6% | +0.0% |
| 2011 | 56.6% | +0.0% |
| 2012 | 56.6% | +0.0% |
| 2013 | 56.6% | +0.0% |
| 2015 | 56.6% | +0.0% |
| 2016 | 56.6% | +0.0% |
| 2017 | 56.6% | +0.0% |
| 2018 | 56.6% | +0.0% |
| 2019 | 57.2% | +1.2% |
| 2020 | 57.2% | +0.0% |
| 2021 | 57.2% | -0.0% |
| 2022 | 57.2% | +0.0% |
Guyana compared with similar countries
- Guyana's 57.2% is above the median for high income countries, which is 4.4%, 13.0× the median. (58 countries reporting)
- Guyana's 57.2% 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 | 56.6% | 56.6% | 56.6% | 2 |
| 2000s | 56.6% | 56.6% | 56.6% | 8 |
| 2010s | 56.6% | 56.6% | 57.2% | 9 |
| 2020s | 57.2% | 57.2% | 57.2% | 3 |
Countries ranked near Guyana
More private sector data for Guyana
- Merchandise trade 106.7% (2025)
- Food imports 6.3% (2025)
- Manufactures imports 79.8% (2025)
- Merchandise imports 10.22 billion current US$ (2025)
- Commercial service imports 4.92 billion current US$ (2023)
- Food exports 1.7% (2025)
- Manufactures exports 0.2% (2025)
- Merchandise exports 18.69 billion current US$ (2025)
- Commercial service exports 523.75 million current US$ (2023)
- Merchandise exports (current US$), per capita 22,360 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Guyana?
- Bound rate, simple mean, all products in Guyana was 57.2% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Guyana?
- The highest recorded value was 57.2% in 2020.
- What is the lowest bound rate, simple mean, all products recorded in Guyana?
- The lowest recorded value was 56.6% in 2007.
- How does Guyana rank for bound rate, simple mean, all products?
- Guyana ranks 33rd out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Guyana?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is flat.
- Where does this Guyana 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.