Bound rate, simple mean, all products (%) in Venezuela
Venezuela: Bound rate, simple mean, all products (%) was 36.7% in 2022. ▬ Flat
Bound rate, simple mean, all products in Venezuela, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, bound rate, simple mean, all products in Venezuela stood at 36.7%. That is the highest value across all 27 years on record.
The figure is up 0.7% over ten years.
Over the whole period, bound rate, simple mean, all products in Venezuela peaked at 36.7% in 2017 and was at its lowest, 36.5%, in 2006.
That places Venezuela 53rd out of 157 countries with data for 2022, putting it in the middle of the range.
Bound rate, simple mean, all products (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 36.5% | — |
| 1997 | 36.5% | +0.1% |
| 1998 | 36.5% | +0.0% |
| 1999 | 36.5% | +0.0% |
| 2000 | 36.5% | +0.0% |
| 2001 | 36.5% | +0.0% |
| 2002 | 36.5% | +0.0% |
| 2003 | 36.5% | +0.0% |
| 2004 | 36.5% | +0.0% |
| 2005 | 36.5% | +0.0% |
| 2006 | 36.5% | -0.1% |
| 2007 | 36.5% | +0.0% |
| 2008 | 36.5% | +0.0% |
| 2009 | 36.5% | +0.0% |
| 2010 | 36.5% | +0.0% |
| 2011 | 36.5% | +0.0% |
| 2012 | 36.5% | +0.0% |
| 2013 | 36.5% | +0.0% |
| 2014 | 36.7% | +0.6% |
| 2015 | 36.7% | +0.0% |
| 2016 | 36.7% | +0.0% |
| 2017 | 36.7% | +0.1% |
| 2018 | 36.7% | +0.0% |
| 2019 | 36.7% | +0.0% |
| 2020 | 36.7% | +0.0% |
| 2021 | 36.7% | +0.0% |
| 2022 | 36.7% | +0.0% |
Venezuela compared with similar countries
- Venezuela's 36.7% is below the median for lower middle income countries, which is 40.1%, 92% of the median. (39 countries reporting)
- Venezuela's 36.7% is below the median for Latin America & Caribbean, which is 38.5%, 95% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.5% | 36.5% | 36.5% | 4 |
| 2000s | 36.5% | 36.5% | 36.5% | 10 |
| 2010s | 36.6% | 36.5% | 36.7% | 10 |
| 2020s | 36.7% | 36.7% | 36.7% | 3 |
Countries ranked near Venezuela
More private sector data for Venezuela
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 billion current US$ (2025)
- Commercial service imports 5.95 billion current US$ (2025)
- Food exports 0.0% (2013)
- Manufactures exports 1.8% (2013)
- Merchandise exports 8.60 billion current US$ (2025)
- Commercial service exports 1.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, all products in Venezuela?
- Bound rate, simple mean, all products in Venezuela was 36.7% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, all products recorded in Venezuela?
- The highest recorded value was 36.7% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Venezuela?
- The lowest recorded value was 36.5% in 2006.
- How does Venezuela rank for bound rate, simple mean, all products?
- Venezuela ranks 53rd out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Venezuela?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is flat.
- Where does this Venezuela 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.