Bound rate, simple mean, all products in Trinidad and Tobago
Trinidad and Tobago: Bound rate, simple mean, all products was 56.0% in 2022. ▬ Flat
Bound rate, simple mean, all products in Trinidad and Tobago, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, all products in Trinidad and Tobago is 56.0%, measured in 2022. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 0.4% over ten years.
Over the whole period, bound rate, simple mean, all products in Trinidad and Tobago peaked at 56.0% in 2021 and was at its lowest, 55.6%, in 1996.
Trinidad and Tobago ranks 35th of 157 countries on this measure, in the top quarter.
Bound rate, simple mean, all products in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 55.6% | — |
| 1999 | 55.8% | +0.3% |
| 2001 | 55.8% | +0.0% |
| 2002 | 55.8% | +0.0% |
| 2003 | 55.8% | +0.0% |
| 2004 | 55.8% | -0.0% |
| 2005 | 55.8% | +0.0% |
| 2006 | 55.8% | +0.0% |
| 2007 | 55.7% | -0.1% |
| 2008 | 55.7% | +0.0% |
| 2010 | 55.8% | +0.1% |
| 2011 | 55.8% | +0.0% |
| 2012 | 55.7% | -0.1% |
| 2013 | 55.7% | +0.0% |
| 2021 | 56.0% | +0.4% |
| 2022 | 56.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.7% | 55.6% | 55.8% | 2 |
| 2000s | 55.7% | 55.7% | 55.8% | 8 |
| 2010s | 55.7% | 55.7% | 55.8% | 4 |
| 2020s | 56.0% | 56.0% | 56.0% | 2 |
Countries ranked near Trinidad and Tobago
More private sector data for Trinidad and Tobago
- Merchandise trade 48.6% (2025)
- Food imports 16.4% (2024)
- Manufactures imports 61.9% (2024)
- Merchandise imports 5.80 billion current US$ (2025)
- Food exports 8.2% (2024)
- Manufactures exports 59.1% (2024)
- Merchandise exports 6.82 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,983 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2627 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -13.71 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Trinidad and Tobago?
- Bound rate, simple mean, all products in Trinidad and Tobago was 56.0% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Trinidad and Tobago?
- The highest recorded value was 56.0% in 2021.
- What is the lowest bound rate, simple mean, all products recorded in Trinidad and Tobago?
- The lowest recorded value was 55.6% in 1996.
- How does Trinidad and Tobago rank for bound rate, simple mean, all products?
- Trinidad and Tobago ranks 35th out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is flat.
- Where does this Trinidad and Tobago 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.
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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.