Bound rate, simple mean, manufactured products in Panama
Panama: Bound rate, simple mean, manufactured products was 21.8% in 2021. β¬ Flat
Bound rate, simple mean, manufactured products in Panama, 1997β2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, bound rate, simple mean, manufactured products in Panama stood at 21.8%. That is the highest value across all 20 years on record.
That represents a change of up 0.3% over ten years.
Over the whole period, bound rate, simple mean, manufactured products in Panama peaked at 21.8% in 2020 and was at its lowest, 21.6%, in 2005.
Panama ranks 73rd of 157 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.7% | 21.7% | 21.8% | 3 |
| 2000s | 21.7% | 21.6% | 21.8% | 10 |
| 2010s | 21.8% | 21.8% | 21.8% | 5 |
| 2020s | 21.8% | 21.8% | 21.8% | 2 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 18.7% (2024)
- Manufactures imports 60.2% (2024)
- Merchandise imports 25.76 billion current US$ (2025)
- Food exports 73.6% (2024)
- Manufactures exports 10.9% (2024)
- Merchandise exports 11.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1316 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, manufactured products in Panama?
- Bound rate, simple mean, manufactured products in Panama was 21.8% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, manufactured products recorded in Panama?
- The highest recorded value was 21.8% in 2020.
- What is the lowest bound rate, simple mean, manufactured products recorded in Panama?
- The lowest recorded value was 21.6% in 2005.
- How does Panama rank for bound rate, simple mean, manufactured products?
- Panama ranks 73rd out of 157 countries with data for 2021.
- Is bound rate, simple mean, manufactured products rising or falling in Panama?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is flat.
- Where does this Panama 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 Β· JSON β 20 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.