Bound rate, simple mean, manufactured products in Iceland
Iceland: Bound rate, simple mean, manufactured products was 10.3% in 2021. ▼ Falling
Bound rate, simple mean, manufactured products in Iceland, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Iceland recorded 10.3% for bound rate, simple mean, manufactured products in 2021.
That represents a change of down 1.4% over ten years.
Over the whole period, bound rate, simple mean, manufactured products in Iceland peaked at 10.8% in 1996 and was at its lowest, 10.3%, in 2015.
Iceland ranks 106th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Bound rate, simple mean, manufactured products in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 10.8% | — |
| 1998 | 10.8% | +0.0% |
| 1999 | 10.8% | +0.0% |
| 2000 | 10.8% | +0.0% |
| 2001 | 10.8% | +0.0% |
| 2003 | 10.7% | -1.1% |
| 2004 | 10.7% | +0.0% |
| 2005 | 10.7% | +0.0% |
| 2006 | 10.7% | +0.0% |
| 2007 | 10.5% | -1.4% |
| 2008 | 10.5% | +0.0% |
| 2009 | 10.5% | +0.0% |
| 2010 | 10.5% | +0.0% |
| 2011 | 10.5% | +0.0% |
| 2012 | 10.4% | -0.7% |
| 2013 | 10.4% | +0.0% |
| 2014 | 10.4% | +0.0% |
| 2015 | 10.3% | -0.9% |
| 2016 | 10.3% | +0.0% |
| 2017 | 10.3% | +0.1% |
| 2019 | 10.3% | +0.0% |
| 2021 | 10.3% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.8% | 10.8% | 10.8% | 3 |
| 2000s | 10.6% | 10.5% | 10.8% | 9 |
| 2010s | 10.4% | 10.3% | 10.5% | 9 |
| 2020s | 10.3% | 10.3% | 10.3% | 1 |
Countries ranked near Iceland
More private sector data for Iceland
- Merchandise trade 46.9% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 71.1% (2025)
- Merchandise imports 10.94 billion current US$ (2025)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Merchandise exports (current US$), per capita 18,264 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1858 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, manufactured products in Iceland?
- Bound rate, simple mean, manufactured products in Iceland was 10.3% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, manufactured products recorded in Iceland?
- The highest recorded value was 10.8% in 1996.
- What is the lowest bound rate, simple mean, manufactured products recorded in Iceland?
- The lowest recorded value was 10.3% in 2015.
- How does Iceland rank for bound rate, simple mean, manufactured products?
- Iceland ranks 106th out of 157 countries with data for 2021.
- Is bound rate, simple mean, manufactured products rising or falling in Iceland?
- Over the last ten years it is down 1.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, manufactured products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.