Bound rate, simple mean, all products in Peru
Peru: Bound rate, simple mean, all products was 29.5% in 2022. ▬ Flat
Bound rate, simple mean, all products in Peru, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Peru recorded 29.5% for bound rate, simple mean, all products in 2022. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 0.1% over ten years.
Over the whole period, bound rate, simple mean, all products in Peru peaked at 29.5% in 2017 and was at its lowest, 29.3%, in 1998.
That places Peru 71st out of 157 countries with data for 2022, putting it in the middle of the range.
Bound rate, simple mean, all products in Peru, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 29.4% | — |
| 1997 | 29.4% | +0.0% |
| 1998 | 29.3% | -0.2% |
| 1999 | 29.3% | +0.0% |
| 2000 | 29.3% | +0.0% |
| 2001 | 29.3% | +0.0% |
| 2002 | 29.3% | +0.0% |
| 2003 | 29.3% | +0.0% |
| 2004 | 29.3% | +0.0% |
| 2005 | 29.3% | +0.0% |
| 2006 | 29.3% | +0.0% |
| 2007 | 29.3% | +0.0% |
| 2008 | 29.5% | +0.5% |
| 2009 | 29.5% | +0.0% |
| 2010 | 29.5% | +0.0% |
| 2011 | 29.5% | +0.0% |
| 2013 | 29.5% | +0.1% |
| 2014 | 29.5% | +0.0% |
| 2015 | 29.5% | +0.0% |
| 2017 | 29.5% | +0.0% |
| 2018 | 29.5% | +0.0% |
| 2019 | 29.5% | +0.0% |
| 2020 | 29.5% | +0.0% |
| 2021 | 29.5% | +0.0% |
| 2022 | 29.5% | +0.0% |
Peru compared with similar countries
- Peru's 29.5% is above the median for upper middle income countries, which is 25.4%, 1.2× the median. (45 countries reporting)
- Peru's 29.5% is below the median for Latin America & Caribbean, which is 38.5%, 77% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.3% | 29.3% | 29.4% | 4 |
| 2000s | 29.4% | 29.3% | 29.5% | 10 |
| 2010s | 29.5% | 29.5% | 29.5% | 8 |
| 2020s | 29.5% | 29.5% | 29.5% | 3 |
Countries ranked near Peru
More private sector data for Peru
- Merchandise trade 42.8% (2025)
- Food imports 11.9% (2024)
- Manufactures imports 68.2% (2024)
- Merchandise imports 60.63 billion current US$ (2025)
- Food exports 21.2% (2024)
- Manufactures exports 7.4% (2024)
- Merchandise exports 82.69 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,392 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2469 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 10.68 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Peru?
- Bound rate, simple mean, all products in Peru was 29.5% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Peru?
- The highest recorded value was 29.5% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Peru?
- The lowest recorded value was 29.3% in 1998.
- How does Peru rank for bound rate, simple mean, all products?
- Peru ranks 71st out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Peru?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is flat.
- Where does this Peru 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 — 25 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.