Bound rate, simple mean, all products (%) in Sri Lanka
Sri Lanka: Bound rate, simple mean, all products (%) was 31.7% in 2021. ▲ Rising
Bound rate, simple mean, all products in Sri Lanka, 1997–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Sri Lanka is 31.7%, measured in 2021.
Compared with earlier readings it is up 4.7% over ten years.
Over the whole period, bound rate, simple mean, all products in Sri Lanka peaked at 32.0% in 2012 and was at its lowest, 29.3%, in 1998.
Sri Lanka ranks 64th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Bound rate, simple mean, all products (%) in Sri Lanka, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 29.3% | — |
| 1998 | 29.3% | -0.1% |
| 2000 | 29.3% | +0.0% |
| 2001 | 29.3% | +0.0% |
| 2003 | 30.3% | +3.4% |
| 2004 | 30.2% | -0.2% |
| 2005 | 30.1% | -0.2% |
| 2006 | 30.1% | +0.0% |
| 2007 | 30.3% | +0.5% |
| 2008 | 30.3% | +0.0% |
| 2009 | 30.3% | +0.0% |
| 2010 | 30.3% | +0.0% |
| 2011 | 30.3% | -0.0% |
| 2012 | 32.0% | +5.6% |
| 2014 | 32.0% | +0.0% |
| 2015 | 31.7% | -0.8% |
| 2017 | 31.7% | +0.0% |
| 2018 | 31.7% | -0.0% |
| 2019 | 31.7% | +0.0% |
| 2020 | 31.7% | +0.0% |
| 2021 | 31.7% | +0.0% |
Sri Lanka compared with similar countries
- Sri Lanka's 31.7% is above the median for upper middle income countries, which is 25.4%, 1.2× the median. (45 countries reporting)
- Sri Lanka's 31.7% is below the median for South Asia, which is 36.6%, 87% of the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.3% | 29.3% | 29.3% | 2 |
| 2000s | 30.0% | 29.3% | 30.3% | 9 |
| 2010s | 31.4% | 30.3% | 32.0% | 8 |
| 2020s | 31.7% | 31.7% | 31.7% | 2 |
Countries ranked near Sri Lanka
More private sector data for Sri Lanka
- Merchandise trade 32.2% (2025)
- Food imports 14.9% (2025)
- Manufactures imports 63.8% (2025)
- Merchandise imports 21.48 billion current US$ (2025)
- Commercial service imports 3.35 billion current US$ (2025)
- Food exports 29.0% (2025)
- Manufactures exports 63.7% (2025)
- Merchandise exports 13.58 billion current US$ (2025)
- Commercial service exports 7.05 billion current US$ (2025)
- Merchandise exports (current US$), per capita 624.24 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Sri Lanka?
- Bound rate, simple mean, all products in Sri Lanka was 31.7% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Sri Lanka?
- The highest recorded value was 32.0% in 2012.
- What is the lowest bound rate, simple mean, all products recorded in Sri Lanka?
- The lowest recorded value was 29.3% in 1998.
- How does Sri Lanka rank for bound rate, simple mean, all products?
- Sri Lanka ranks 64th out of 157 countries with data for 2021.
- Is bound rate, simple mean, all products rising or falling in Sri Lanka?
- Over the last ten years it is up 4.7%. The long-run trend across the full record is rising.
- Where does this Sri Lanka 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 — 21 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.