Bound rate, simple mean, primary products (%) in Ecuador
Ecuador: Bound rate, simple mean, primary products (%) was 23.6% in 2022. ▬ Flat
Bound rate, simple mean, primary products in Ecuador, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, primary products in Ecuador is 23.6%, measured in 2022.
That represents a change of up 1.9% over ten years.
Over the whole period, bound rate, simple mean, primary products in Ecuador peaked at 23.7% in 2014 and was at its lowest, 23.1%, in 2002.
That places Ecuador 91st out of 157 countries with data for 2022, putting it in the middle of the range.
Bound rate, simple mean, primary products (%) in Ecuador, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 23.1% | — |
| 1997 | 23.1% | +0.0% |
| 1998 | 23.1% | +0.0% |
| 1999 | 23.1% | +0.0% |
| 2000 | 23.1% | +0.0% |
| 2001 | 23.1% | +0.0% |
| 2002 | 23.1% | -0.0% |
| 2003 | 23.1% | +0.0% |
| 2004 | 23.1% | +0.0% |
| 2005 | 23.1% | +0.0% |
| 2006 | 23.1% | +0.0% |
| 2007 | 23.1% | +0.0% |
| 2008 | 23.2% | +0.3% |
| 2009 | 23.2% | +0.0% |
| 2010 | 23.2% | +0.0% |
| 2011 | 23.2% | +0.0% |
| 2012 | 23.2% | +0.0% |
| 2014 | 23.7% | +2.0% |
| 2015 | 23.7% | +0.0% |
| 2016 | 23.7% | +0.0% |
| 2017 | 23.7% | +0.0% |
| 2018 | 23.6% | -0.0% |
| 2019 | 23.6% | +0.0% |
| 2020 | 23.6% | +0.0% |
| 2021 | 23.6% | +0.0% |
| 2022 | 23.6% | +0.0% |
Ecuador compared with similar countries
- Ecuador's 23.6% is below the median for upper middle income countries, which is 31.8%, 74% of the median. (45 countries reporting)
- Ecuador's 23.6% is below the median for Latin America & Caribbean, which is 41.8%, 57% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.1% | 23.1% | 23.1% | 4 |
| 2000s | 23.1% | 23.1% | 23.2% | 10 |
| 2010s | 23.5% | 23.2% | 23.7% | 9 |
| 2020s | 23.6% | 23.6% | 23.6% | 3 |
Countries ranked near Ecuador
More private sector data for Ecuador
- Merchandise trade 53.6% (2025)
- Food imports 12.1% (2025)
- Manufactures imports 61.5% (2025)
- Merchandise imports 32.65 billion current US$ (2025)
- Commercial service imports 6.27 billion current US$ (2025)
- Food exports 58.7% (2025)
- Manufactures exports 4.6% (2025)
- Merchandise exports 37.15 billion current US$ (2025)
- Commercial service exports 4.08 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,031 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Ecuador?
- Bound rate, simple mean, primary products in Ecuador was 23.6% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Ecuador?
- The highest recorded value was 23.7% in 2014.
- What is the lowest bound rate, simple mean, primary products recorded in Ecuador?
- The lowest recorded value was 23.1% in 2002.
- How does Ecuador rank for bound rate, simple mean, primary products?
- Ecuador ranks 91st out of 157 countries with data for 2022.
- Is bound rate, simple mean, primary products rising or falling in Ecuador?
- Over the last ten years it is up 1.9%. The long-run trend across the full record is flat.
- Where does this Ecuador 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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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).