Bound rate, simple mean, all products (%) in Jamaica
Jamaica: Bound rate, simple mean, all products (%) was 50.6% in 2021. ▬ Flat
Bound rate, simple mean, all products in Jamaica, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Jamaica is 50.6%, measured in 2021. That is the highest value across all 17 years on record.
That represents a change of up 1.9% over ten years.
Over the whole period, bound rate, simple mean, all products in Jamaica peaked at 50.6% in 2020 and was at its lowest, 49.6%, in 2007.
Jamaica ranks 37th of 157 countries on this measure, in the top quarter.
Bound rate, simple mean, all products (%) in Jamaica, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 49.7% | — |
| 1999 | 49.7% | +0.0% |
| 2000 | 49.7% | +0.0% |
| 2001 | 49.7% | +0.0% |
| 2002 | 49.7% | +0.0% |
| 2003 | 49.7% | +0.0% |
| 2004 | 49.7% | +0.0% |
| 2006 | 49.7% | +0.0% |
| 2007 | 49.6% | -0.1% |
| 2010 | 49.6% | +0.0% |
| 2011 | 49.6% | +0.0% |
| 2012 | 49.6% | +0.0% |
| 2013 | 49.6% | +0.0% |
| 2015 | 50.4% | +1.6% |
| 2016 | 50.4% | +0.0% |
| 2020 | 50.6% | +0.3% |
| 2021 | 50.6% | +0.0% |
Jamaica compared with similar countries
- Jamaica's 50.6% is above the median for upper middle income countries, which is 25.4%, 2.0× the median. (45 countries reporting)
- Jamaica's 50.6% is above the median for Latin America & Caribbean, which is 38.5%, 1.3× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.7% | 49.7% | 49.7% | 2 |
| 2000s | 49.7% | 49.6% | 49.7% | 7 |
| 2010s | 49.9% | 49.6% | 50.4% | 6 |
| 2020s | 50.6% | 50.6% | 50.6% | 2 |
Countries ranked near Jamaica
- 34 Grenada 56.6% compare
- 35 Trinidad and Tobago 56.0% compare
- 36 India 52.0% compare
- 38 Guinea-Bissau 48.5% compare
- 39 Sierra Leone 47.3% compare
- 40 Niger 45.2% compare
More private sector data for Jamaica
- Merchandise trade 41.3% (2025)
- Food imports 22.2% (2025)
- Manufactures imports 53.3% (2025)
- Merchandise imports 7.68 billion current US$ (2025)
- Commercial service imports 3.55 billion current US$ (2025)
- Food exports 29.5% (2025)
- Manufactures exports 3.9% (2025)
- Merchandise exports 1.69 billion current US$ (2025)
- Commercial service exports 5.03 billion current US$ (2025)
- Merchandise exports (current US$), per capita 595.33 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Jamaica?
- Bound rate, simple mean, all products in Jamaica was 50.6% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Jamaica?
- The highest recorded value was 50.6% in 2020.
- What is the lowest bound rate, simple mean, all products recorded in Jamaica?
- The lowest recorded value was 49.6% in 2007.
- How does Jamaica rank for bound rate, simple mean, all products?
- Jamaica ranks 37th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Jamaica?
- Over the last ten years it is up 1.9%. The long-run trend across the full record is flat.
- Where does this Jamaica 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.