Bound rate, simple mean, primary products (%) in Australia
Australia: Bound rate, simple mean, primary products (%) was 2.4% in 2021. ▼ Falling
Bound rate, simple mean, primary products in Australia, 1996–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2021, bound rate, simple mean, primary products in Australia stood at 2.4%.
Compared with earlier readings it is down 11.2% over ten years.
Over the whole period, bound rate, simple mean, primary products in Australia peaked at 2.7% in 2007 and was at its lowest, 2.4%, in 2015.
That places Australia 153rd out of 157 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Bound rate, simple mean, primary products (%) in Australia, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 2.5% | — |
| 1997 | 2.5% | +0.0% |
| 1998 | 2.5% | +0.0% |
| 1999 | 2.5% | +0.0% |
| 2000 | 2.5% | +0.0% |
| 2001 | 2.5% | +0.0% |
| 2002 | 2.6% | +6.4% |
| 2003 | 2.6% | -0.4% |
| 2004 | 2.6% | +0.4% |
| 2005 | 2.7% | +0.4% |
| 2006 | 2.7% | +0.0% |
| 2007 | 2.7% | +0.4% |
| 2008 | 2.7% | -0.4% |
| 2009 | 2.7% | +0.0% |
| 2010 | 2.7% | +0.0% |
| 2011 | 2.7% | +0.4% |
| 2012 | 2.4% | -9.7% |
| 2013 | 2.4% | -0.4% |
| 2014 | 2.4% | +0.0% |
| 2015 | 2.4% | -2.1% |
| 2016 | 2.4% | +0.0% |
| 2017 | 2.4% | +0.9% |
| 2018 | 2.4% | +0.0% |
| 2019 | 2.4% | +0.0% |
| 2020 | 2.4% | +0.0% |
| 2021 | 2.4% | +0.0% |
Australia compared with similar countries
- Australia's 2.4% is below the median for high income countries, which is 5.8%, 41% of the median. (58 countries reporting)
- Australia's 2.4% is below the median for East Asia & Pacific, which is 22.0%, 11% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5% | 2.5% | 2.5% | 4 |
| 2000s | 2.6% | 2.5% | 2.7% | 10 |
| 2010s | 2.4% | 2.4% | 2.7% | 10 |
| 2020s | 2.4% | 2.4% | 2.4% | 2 |
Countries ranked near Australia
- 150 New Zealand 4.2% compare
- 151 United States 4.2% compare
- 152 Canada 2.7% compare
- 154 Norway 0.6% compare
- 155 Hong Kong 0.0%
- 155 Macao 0.0%
- 155 Switzerland 0.0% compare
More private sector data for Australia
- Merchandise trade 36.0% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 74.3% (2025)
- Merchandise imports 310.63 billion current US$ (2025)
- Commercial service imports 114.67 billion current US$ (2025)
- Food exports 13.7% (2025)
- Manufactures exports 9.8% (2025)
- Merchandise exports 337.58 billion current US$ (2025)
- Commercial service exports 90.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 12,225 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Australia?
- Bound rate, simple mean, primary products in Australia was 2.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Australia?
- The highest recorded value was 2.7% in 2007.
- What is the lowest bound rate, simple mean, primary products recorded in Australia?
- The lowest recorded value was 2.4% in 2015.
- How does Australia rank for bound rate, simple mean, primary products?
- Australia ranks 153rd out of 157 countries with data for 2021.
- Is bound rate, simple mean, primary products rising or falling in Australia?
- Over the last ten years it is down 11.2%. The long-run trend across the full record is falling.
- Where does this Australia 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.
Download this data
CSV · JSON — 26 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).