Bound rate, simple mean, manufactured products in Latvia
Latvia: Bound rate, simple mean, manufactured products was 4.0% in 2021. ▼ Falling
Bound rate, simple mean, manufactured products in Latvia, 2004–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, bound rate, simple mean, manufactured products in Latvia stood at 4.0%.
That represents a change of down 4.5% over ten years.
Over the whole period, bound rate, simple mean, manufactured products in Latvia peaked at 4.2% in 2004 and was at its lowest, 4.0%, in 2015.
That places Latvia 125th out of 157 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 18 years of available data.
Bound rate, simple mean, manufactured products in Latvia, year by year
| Year | % | Change |
|---|---|---|
| 2004 | 4.2% | — |
| 2005 | 4.2% | +0.0% |
| 2006 | 4.2% | +0.0% |
| 2007 | 4.2% | -0.9% |
| 2008 | 4.2% | -0.2% |
| 2009 | 4.2% | +0.0% |
| 2010 | 4.2% | +0.0% |
| 2011 | 4.2% | +0.0% |
| 2012 | 4.2% | -0.5% |
| 2013 | 4.2% | -0.5% |
| 2014 | 4.2% | +0.0% |
| 2015 | 4.0% | -3.9% |
| 2016 | 4.0% | +0.0% |
| 2017 | 4.0% | +0.3% |
| 2018 | 4.0% | +0.0% |
| 2019 | 4.0% | +0.0% |
| 2020 | 4.0% | +0.0% |
| 2021 | 4.0% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.2% | 4.2% | 4.2% | 6 |
| 2010s | 4.1% | 4.0% | 4.2% | 10 |
| 2020s | 4.0% | 4.0% | 4.0% | 2 |
Countries ranked near Latvia
- 122 Canada 5.7% compare
- 123 Ukraine 5.2% compare
- 124 Montenegro 4.3% compare
- 125 Austria 4.0% compare
- 125 Belgium 4.0% compare
- 125 Bulgaria 4.0% compare
- 125 Croatia 4.0% compare
- 125 Cyprus 4.0% compare
- 125 Czechia 4.0% compare
- 125 Denmark 4.0% compare
- 125 Estonia 4.0% compare
- 125 Finland 4.0% compare
- 125 France 4.0% compare
- 125 Germany 4.0% compare
- 125 Greece 4.0% compare
- 125 Hungary 4.0% compare
- 125 Ireland 4.0% compare
- 125 Italy 4.0% compare
- 125 Lithuania 4.0% compare
- 125 Malta 4.0% compare
- 125 Netherlands 4.0% compare
- 125 Poland 4.0% compare
- 125 Portugal 4.0% compare
- 125 Romania 4.0% compare
- 125 Slovak Republic 4.0% compare
- 125 Slovenia 4.0% compare
- 125 Spain 4.0% compare
- 125 Sweden 4.0% compare
- 125 United Kingdom 4.0% compare
More private sector data for Latvia
- Merchandise trade 99.6% (2025)
- Food imports 17.9% (2025)
- Manufactures imports 60.8% (2025)
- Merchandise imports 26.28 billion current US$ (2025)
- Food exports 22.1% (2025)
- Manufactures exports 54.2% (2025)
- Merchandise exports 22.12 billion current US$ (2025)
- Merchandise exports (current US$), per capita 11,972 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.455 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 7.16 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, manufactured products in Latvia?
- Bound rate, simple mean, manufactured products in Latvia was 4.0% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, manufactured products recorded in Latvia?
- The highest recorded value was 4.2% in 2004.
- What is the lowest bound rate, simple mean, manufactured products recorded in Latvia?
- The lowest recorded value was 4.0% in 2015.
- How does Latvia rank for bound rate, simple mean, manufactured products?
- Latvia ranks 125th out of 157 countries with data for 2021.
- Is bound rate, simple mean, manufactured products rising or falling in Latvia?
- Over the last ten years it is down 4.5%. The long-run trend across the full record is falling.
- Where does this Latvia 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.
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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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.