Bound rate, simple mean, all products (%) in Panama
Panama: Bound rate, simple mean, all products (%) was 23.0% in 2021. ▬ Flat
Bound rate, simple mean, all products in Panama, 1997–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Panama recorded 23.0% for bound rate, simple mean, all products in 2021. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 0.3% over ten years.
Over the whole period, bound rate, simple mean, all products in Panama peaked at 23.0% in 2020 and was at its lowest, 22.8%, in 2005.
That places Panama 80th out of 157 countries with data for 2021, putting it in the middle of the range.
Bound rate, simple mean, all products (%) in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 22.9% | — |
| 1998 | 22.8% | -0.4% |
| 1999 | 22.8% | +0.0% |
| 2000 | 22.8% | +0.0% |
| 2001 | 22.8% | +0.0% |
| 2002 | 22.8% | +0.0% |
| 2003 | 22.8% | +0.0% |
| 2004 | 22.8% | -0.1% |
| 2005 | 22.8% | -0.1% |
| 2006 | 22.8% | +0.1% |
| 2007 | 22.8% | +0.0% |
| 2008 | 22.9% | +0.4% |
| 2009 | 22.9% | +0.0% |
| 2010 | 22.9% | +0.0% |
| 2011 | 22.9% | +0.0% |
| 2012 | 22.9% | +0.0% |
| 2013 | 22.9% | +0.0% |
| 2015 | 22.9% | +0.0% |
| 2020 | 23.0% | +0.2% |
| 2021 | 23.0% | +0.0% |
Panama compared with similar countries
- Panama's 23.0% is above the median for high income countries, which is 4.4%, 5.2× the median. (58 countries reporting)
- Panama's 23.0% is below the median for Latin America & Caribbean, which is 38.5%, 60% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.9% | 22.8% | 22.9% | 3 |
| 2000s | 22.8% | 22.8% | 22.9% | 10 |
| 2010s | 22.9% | 22.9% | 22.9% | 5 |
| 2020s | 23.0% | 23.0% | 23.0% | 2 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 19.0% (2025)
- Manufactures imports 60.7% (2025)
- Merchandise imports 25.76 billion current US$ (2025)
- Commercial service imports 5.82 billion current US$ (2025)
- Food exports 49.6% (2025)
- Manufactures exports 12.6% (2025)
- Merchandise exports 11.90 billion current US$ (2025)
- Commercial service exports 20.06 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Panama?
- Bound rate, simple mean, all products in Panama was 23.0% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Panama?
- The highest recorded value was 23.0% in 2020.
- What is the lowest bound rate, simple mean, all products recorded in Panama?
- The lowest recorded value was 22.8% in 2005.
- How does Panama rank for bound rate, simple mean, all products?
- Panama ranks 80th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Panama?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is flat.
- Where does this Panama 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 — 20 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.