Bound rate, simple mean, all products in Venezuela, República Bolivariana de
Venezuela, República Bolivariana de: Bound rate, simple mean, all products was 36.7% in 2022. ▬ Flat
Bound rate, simple mean, all products in Venezuela, República Bolivariana de, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, bound rate, simple mean, all products in Venezuela, República Bolivariana de 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, República Bolivariana de peaked at 36.7% in 2017 and was at its lowest, 36.5%, in 2006.
That places Venezuela, República Bolivariana de 53rd out of 157 countries with data for 2022, putting it in the middle of the range.
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, República Bolivariana de
- 50 Bolivia 40.0% compare
- 51 Indonesia 37.3% compare
- 52 El Salvador 36.9% compare
- 54 Egypt, Arab Republic of 36.6% compare
- 55 Maldives 36.6% compare
- 56 Central African Republic 35.9% compare
More private sector data for Venezuela, República Bolivariana de
- Merchandise trade 22.5% (2025)
- Food imports 18.4% (2013)
- Manufactures imports 70.7% (2013)
- Merchandise imports 13.80 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 1.24 billion current US$ (2016)
- Transport services 29.5% (2016)
- Computer, communications and other services 46.5% (2016)
Frequently asked questions
- What is bound rate, simple mean, all products in Venezuela, República Bolivariana de?
- Bound rate, simple mean, all products in Venezuela, República Bolivariana de 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, República Bolivariana de?
- The highest recorded value was 36.7% in 2017.
- What is the lowest bound rate, simple mean, all products recorded in Venezuela, República Bolivariana de?
- The lowest recorded value was 36.5% in 2006.
- How does Venezuela, República Bolivariana de rank for bound rate, simple mean, all products?
- Venezuela, República Bolivariana de ranks 53rd out of 157 countries with data for 2022.
- Is bound rate, simple mean, all products rising or falling in Venezuela, República Bolivariana de?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is flat.
- Where does this Venezuela, República Bolivariana de 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.