Bound rate, simple mean, primary products (%) in Armenia
Armenia: Bound rate, simple mean, primary products (%) was 11.9% in 2021. ▲ Rising
Bound rate, simple mean, primary products in Armenia, 2003–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, bound rate, simple mean, primary products in Armenia stood at 11.9%. That is the highest value across all 19 years on record.
The figure is up 4.0% over ten years.
Over the whole period, bound rate, simple mean, primary products in Armenia peaked at 11.9% in 2017 and was at its lowest, 11.4%, in 2003.
That places Armenia 107th out of 157 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Bound rate, simple mean, primary products (%) in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 11.4% | — |
| 2004 | 11.4% | +0.0% |
| 2005 | 11.4% | +0.0% |
| 2006 | 11.5% | +0.4% |
| 2007 | 11.5% | +0.0% |
| 2008 | 11.5% | +0.0% |
| 2009 | 11.5% | +0.1% |
| 2010 | 11.5% | +0.0% |
| 2011 | 11.5% | +0.0% |
| 2012 | 11.5% | +0.0% |
| 2013 | 11.5% | +0.0% |
| 2014 | 11.9% | +3.7% |
| 2015 | 11.9% | +0.0% |
| 2016 | 11.9% | +0.0% |
| 2017 | 11.9% | +0.3% |
| 2018 | 11.9% | +0.0% |
| 2019 | 11.9% | +0.0% |
| 2020 | 11.9% | +0.0% |
| 2021 | 11.9% | +0.0% |
Armenia compared with similar countries
- Armenia's 11.9% is below the median for upper middle income countries, which is 31.8%, 37% of the median. (45 countries reporting)
- Armenia's 11.9% is above the median for Europe & Central Asia, which is 5.8%, 2.1× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.4% | 11.4% | 11.5% | 7 |
| 2010s | 11.7% | 11.5% | 11.9% | 10 |
| 2020s | 11.9% | 11.9% | 11.9% | 2 |
Countries ranked near Armenia
- 104 Seychelles 14.9% compare
- 105 Cote d'Ivoire 14.5% compare
- 106 Vietnam 13.7% compare
- 108 Malaysia 11.8% compare
- 109 Saudi Arabia 11.8% compare
- 110 China 11.4% compare
More private sector data for Armenia
- Merchandise trade 73.3% (2025)
- Food imports 13.7% (2025)
- Manufactures imports 55.8% (2025)
- Merchandise imports 13.04 billion current US$ (2025)
- Commercial service imports 4.25 billion current US$ (2025)
- Food exports 18.4% (2025)
- Manufactures exports 44.6% (2025)
- Merchandise exports 8.39 billion current US$ (2025)
- Commercial service exports 6.04 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,720 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Armenia?
- Bound rate, simple mean, primary products in Armenia was 11.9% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Armenia?
- The highest recorded value was 11.9% in 2017.
- What is the lowest bound rate, simple mean, primary products recorded in Armenia?
- The lowest recorded value was 11.4% in 2003.
- How does Armenia rank for bound rate, simple mean, primary products?
- Armenia ranks 107th out of 157 countries with data for 2021.
- Is bound rate, simple mean, primary products rising or falling in Armenia?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, primary products (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).