Bound rate, simple mean, manufactured products in Singapore
Singapore: Bound rate, simple mean, manufactured products was 5.8% in 2022. ▲ Rising
Bound rate, simple mean, manufactured products in Singapore, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Singapore recorded 5.8% for bound rate, simple mean, manufactured products in 2022.
That represents a change of down 19.3% over ten years.
Over the whole period, bound rate, simple mean, manufactured products in Singapore peaked at 7.2% in 2008 and was at its lowest, 5.6%, in 1995.
That places Singapore 121st out of 157 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Bound rate, simple mean, manufactured products in Singapore, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 5.6% | — |
| 1996 | 5.6% | +0.0% |
| 1997 | 5.6% | +0.0% |
| 1998 | 5.6% | +0.0% |
| 1999 | 5.6% | +0.0% |
| 2000 | 5.6% | +0.0% |
| 2001 | 5.6% | +0.0% |
| 2002 | 5.6% | +0.2% |
| 2003 | 5.6% | +0.0% |
| 2004 | 5.6% | +0.0% |
| 2005 | 5.6% | +0.0% |
| 2006 | 5.6% | +0.0% |
| 2007 | 7.1% | +26.4% |
| 2008 | 7.2% | +2.0% |
| 2009 | 7.2% | -0.4% |
| 2010 | 7.2% | -0.3% |
| 2011 | 7.1% | -0.7% |
| 2012 | 7.1% | +0.1% |
| 2013 | 7.1% | -0.3% |
| 2014 | 7.2% | +0.4% |
| 2015 | 5.8% | -19.4% |
| 2016 | 5.8% | +0.0% |
| 2017 | 5.8% | +0.0% |
| 2018 | 5.8% | +0.0% |
| 2019 | 5.8% | +0.0% |
| 2020 | 5.8% | +0.0% |
| 2021 | 5.8% | +0.0% |
| 2022 | 5.8% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.6% | 5.6% | 5.6% | 5 |
| 2000s | 6.1% | 5.6% | 7.2% | 10 |
| 2010s | 6.5% | 5.8% | 7.2% | 10 |
| 2020s | 5.8% | 5.8% | 5.8% | 3 |
Countries ranked near Singapore
- 118 Georgia 6.5% compare
- 119 Republic of Moldova 6.3% compare
- 120 Kazakhstan 6.0% compare
- 122 Canada 5.7% compare
- 123 Ukraine 5.2% compare
- 124 Montenegro 4.3% compare
More private sector data for Singapore
- Merchandise trade 177.6% (2025)
- Food imports 3.7% (2024)
- Manufactures imports 70.9% (2024)
- Merchandise imports 505.84 billion current US$ (2025)
- Food exports 2.8% (2024)
- Manufactures exports 74.5% (2024)
- Merchandise exports 566.87 billion current US$ (2025)
- Merchandise exports (current US$), per capita 92,760 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.9387 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 12.11 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, manufactured products in Singapore?
- Bound rate, simple mean, manufactured products in Singapore was 5.8% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, manufactured products recorded in Singapore?
- The highest recorded value was 7.2% in 2008.
- What is the lowest bound rate, simple mean, manufactured products recorded in Singapore?
- The lowest recorded value was 5.6% in 1995.
- How does Singapore rank for bound rate, simple mean, manufactured products?
- Singapore ranks 121st out of 157 countries with data for 2022.
- Is bound rate, simple mean, manufactured products rising or falling in Singapore?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is rising.
- Where does this Singapore 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 — 28 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.