Bound rate, simple mean, all products in Malawi

Malawi: Bound rate, simple mean, all products was 75.8% in 2021. ▬ Flat

Latest (2021)
75.8%
Change on year
unchanged
World rank
22nd
of 157 countries
All-time high
75.8%
in 2019
All-time low
73.1%
in 1996
Years of data
19
1996–2021

Bound rate, simple mean, all products in Malawi, 1996–2021

0204060801996200820211996: 73.1 %1997: 73.1 %1998: 73.1 %2000: 73.4 %2001: 73.4 %2003: 73.4 %2006: 73.4 %2008: 74.5 %2009: 74.5 %2010: 74.5 %2011: 74.5 %2012: 74.5 %2013: 74.5 %2014: 75.1 %2015: 75.1 %2016: 75.1 %2019: 75.8 %2020: 75.8 %2021: 75.8 %

Source: Staff estimates, World Bank (WB). Measured in %.

Analysis

The most recent figure for bound rate, simple mean, all products in Malawi is 75.8%, measured in 2021. That is the highest value across all 19 years on record.

That represents a change of up 1.7% over ten years.

Over the whole period, bound rate, simple mean, all products in Malawi peaked at 75.8% in 2019 and was at its lowest, 73.1%, in 1996.

That places Malawi 22nd out of 157 countries with data for 2021, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
1990s 73.1% 73.1% 73.1% 3
2000s 73.8% 73.4% 74.5% 6
2010s 74.9% 74.5% 75.8% 8
2020s 75.8% 75.8% 75.8% 2

Countries ranked near Malawi

  1. 19 Solomon Islands 79.1% compare
  2. 20 Barbados 78.9% compare
  3. 21 Saint Kitts and Nevis 76.5% compare
  4. 23 Uganda 73.2% compare
  5. 24 Burundi 69.4% compare
  6. 25 Saint Lucia 64.5% compare

See the full ranking of 158 places →

More private sector data for Malawi

All data for Malawi →

Frequently asked questions

What is bound rate, simple mean, all products in Malawi?
Bound rate, simple mean, all products in Malawi was 75.8% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, all products recorded in Malawi?
The highest recorded value was 75.8% in 2019.
What is the lowest bound rate, simple mean, all products recorded in Malawi?
The lowest recorded value was 73.1% in 1996.
How does Malawi rank for bound rate, simple mean, all products?
Malawi ranks 22nd out of 157 countries with data for 2021.
Is bound rate, simple mean, all products rising or falling in Malawi?
Over the last ten years it is up 1.7%. The long-run trend across the full record is flat.
Where does this Malawi 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 — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Bound rate, simple mean, all products (%)
Unit
%
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
158 places, 3,133 data points, 1995–2022
Last refreshed

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.