Bound rate, simple mean, all products (%) in Laos
Laos: Bound rate, simple mean, all products (%) was 19.0% in 2022. ▬ Flat
Bound rate, simple mean, all products in Laos, 2014–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Laos recorded 19.0% for bound rate, simple mean, all products in 2022.
That represents a change of down 0.1% over ten years.
Over the whole period, bound rate, simple mean, all products in Laos peaked at 19.0% in 2014 and was at its lowest, 18.9%, in 2020.
That places Laos 92nd out of 157 countries with data for 2022, putting it in the middle of the range.
Bound rate, simple mean, all products (%) in Laos, year by year
| Year | % | Change |
|---|---|---|
| 2014 | 19.0% | — |
| 2015 | 19.0% | +0.0% |
| 2016 | 19.0% | +0.0% |
| 2017 | 19.0% | +0.0% |
| 2018 | 19.0% | +0.0% |
| 2019 | 19.0% | -0.1% |
| 2020 | 18.9% | -0.1% |
| 2021 | 19.0% | +0.1% |
| 2022 | 19.0% | +0.0% |
Laos compared with similar countries
- Laos's 19.0% is below the median for lower middle income countries, which is 40.1%, 47% of the median. (39 countries reporting)
- Laos's 19.0% is above the median for East Asia & Pacific, which is 18.3%, 1.0× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 19.0% | 19.0% | 19.0% | 6 |
| 2020s | 19.0% | 18.9% | 19.0% | 3 |
Countries ranked near Laos
More private sector data for Laos
- Merchandise trade 124.1% (2025)
- Food imports 12.7% (2023)
- Manufactures imports 61.7% (2023)
- Merchandise imports 10.34 billion current US$ (2025)
- Commercial service imports 1.65 billion current US$ (2025)
- Food exports 23.2% (2023)
- Manufactures exports 32.8% (2023)
- Merchandise exports 12.38 billion current US$ (2025)
- Commercial service exports 1.83 billion current US$ (2025)
- Merchandise exports (current US$), per capita 1,572 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Laos?
- Bound rate, simple mean, all products in Laos was 19.0% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Laos?
- The highest recorded value was 19.0% in 2014.
- What is the lowest bound rate, simple mean, all products recorded in Laos?
- The lowest recorded value was 18.9% in 2020.
- How does Laos rank for bound rate, simple mean, all products?
- Laos ranks 92nd out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Laos?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is flat.
- Where does this Laos 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.