Bound rate, simple mean, all products (%) in Nicaragua
Nicaragua: Bound rate, simple mean, all products (%) was 41.1% in 2021. ▬ Flat
Bound rate, simple mean, all products in Nicaragua, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, bound rate, simple mean, all products in Nicaragua stood at 41.1%. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 0.2% over ten years.
Over the whole period, bound rate, simple mean, all products in Nicaragua peaked at 41.1% in 2017 and was at its lowest, 40.9%, in 2003.
That places Nicaragua 47th out of 157 countries with data for 2021, putting it in the middle of the range.
Bound rate, simple mean, all products (%) in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 40.9% | — |
| 1996 | 40.9% | +0.0% |
| 1997 | 40.9% | -0.1% |
| 1998 | 40.9% | +0.0% |
| 1999 | 40.9% | +0.0% |
| 2000 | 40.9% | +0.0% |
| 2001 | 40.9% | +0.0% |
| 2002 | 40.9% | +0.0% |
| 2003 | 40.9% | -0.0% |
| 2004 | 40.9% | +0.0% |
| 2005 | 40.9% | +0.0% |
| 2006 | 40.9% | +0.0% |
| 2007 | 41.1% | +0.5% |
| 2008 | 41.1% | +0.0% |
| 2009 | 41.1% | +0.0% |
| 2010 | 41.1% | +0.0% |
| 2011 | 41.1% | +0.0% |
| 2012 | 41.1% | +0.1% |
| 2013 | 41.1% | +0.0% |
| 2014 | 41.1% | +0.0% |
| 2015 | 41.1% | +0.0% |
| 2016 | 41.1% | +0.0% |
| 2017 | 41.1% | +0.1% |
| 2018 | 41.1% | +0.0% |
| 2019 | 41.1% | +0.0% |
| 2020 | 41.1% | +0.0% |
| 2021 | 41.1% | +0.0% |
Nicaragua compared with similar countries
- Nicaragua's 41.1% is above the median for lower middle income countries, which is 40.1%, 1.0× the median. (39 countries reporting)
- Nicaragua's 41.1% is above the median for Latin America & Caribbean, which is 38.5%, 1.1× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.9% | 40.9% | 40.9% | 5 |
| 2000s | 40.9% | 40.9% | 41.1% | 10 |
| 2010s | 41.1% | 41.1% | 41.1% | 10 |
| 2020s | 41.1% | 41.1% | 41.1% | 2 |
Countries ranked near Nicaragua
More private sector data for Nicaragua
- Merchandise trade 95.9% (2025)
- Food imports 16.6% (2024)
- Manufactures imports 68.6% (2024)
- Merchandise imports 12.43 billion current US$ (2025)
- Commercial service imports 1.28 billion current US$ (2024)
- Food exports 42.6% (2024)
- Manufactures exports 37.0% (2024)
- Merchandise exports 8.89 billion current US$ (2025)
- Commercial service exports 1.19 billion current US$ (2024)
- Merchandise exports (current US$), per capita 1,269 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Nicaragua?
- Bound rate, simple mean, all products in Nicaragua was 41.1% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Nicaragua?
- The highest recorded value was 41.1% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Nicaragua?
- The lowest recorded value was 40.9% in 2003.
- How does Nicaragua rank for bound rate, simple mean, all products?
- Nicaragua ranks 47th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Nicaragua?
- Over the last ten years it is up 0.2%. The long-run trend across the full record is flat.
- Where does this Nicaragua 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 — 27 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.