Bound rate, simple mean, manufactured products in Venezuela
Venezuela: Bound rate, simple mean, manufactured products was 33.9% in 2022. ▬ Flat
Bound rate, simple mean, manufactured products in Venezuela, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, manufactured products in Venezuela is 33.9%, measured in 2022.
Compared with earlier readings it is down 0.1% over ten years.
Over the whole period, bound rate, simple mean, manufactured products in Venezuela peaked at 33.9% in 2006 and was at its lowest, 33.9%, in 1997.
Venezuela ranks 51st of 157 countries on this measure, in the middle of the range.
Bound rate, simple mean, manufactured products in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 33.9% | — |
| 1997 | 33.9% | -0.1% |
| 1998 | 33.9% | +0.0% |
| 1999 | 33.9% | +0.0% |
| 2000 | 33.9% | +0.0% |
| 2001 | 33.9% | +0.0% |
| 2002 | 33.9% | +0.0% |
| 2003 | 33.9% | +0.0% |
| 2004 | 33.9% | +0.0% |
| 2005 | 33.9% | +0.0% |
| 2006 | 33.9% | +0.1% |
| 2007 | 33.9% | +0.0% |
| 2008 | 33.9% | +0.0% |
| 2009 | 33.9% | +0.0% |
| 2010 | 33.9% | +0.0% |
| 2011 | 33.9% | +0.0% |
| 2012 | 33.9% | +0.0% |
| 2013 | 33.9% | +0.0% |
| 2014 | 33.9% | -0.1% |
| 2015 | 33.9% | +0.0% |
| 2016 | 33.9% | +0.0% |
| 2017 | 33.9% | +0.0% |
| 2018 | 33.9% | +0.0% |
| 2019 | 33.9% | +0.0% |
| 2020 | 33.9% | +0.0% |
| 2021 | 33.9% | +0.0% |
| 2022 | 33.9% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.9% | 33.9% | 33.9% | 4 |
| 2000s | 33.9% | 33.9% | 33.9% | 10 |
| 2010s | 33.9% | 33.9% | 33.9% | 10 |
| 2020s | 33.9% | 33.9% | 33.9% | 3 |
Countries ranked near Venezuela
More private sector data for Venezuela
- 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)
- Merchandise exports (current US$), per capita 301.58 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0863 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -40.13 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, manufactured products in Venezuela?
- Bound rate, simple mean, manufactured products in Venezuela was 33.9% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, manufactured products recorded in Venezuela?
- The highest recorded value was 33.9% in 2006.
- What is the lowest bound rate, simple mean, manufactured products recorded in Venezuela?
- The lowest recorded value was 33.9% in 1997.
- How does Venezuela rank for bound rate, simple mean, manufactured products?
- Venezuela ranks 51st out of 157 countries with data for 2022.
- Is bound rate, simple mean, manufactured products rising or falling in Venezuela?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is flat.
- Where does this Venezuela 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.