Bound rate, simple mean, primary products (%) in European Union
European Union: Bound rate, simple mean, primary products (%) was 5.8% in 2021. ▼ Falling
Bound rate, simple mean, primary products in European Union, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
European Union recorded 5.8% for bound rate, simple mean, primary products in 2021.
Compared with earlier readings it is down 49.8% over ten years.
Over the whole period, bound rate, simple mean, primary products in European Union peaked at 13.7% in 2001 and was at its lowest, 4.6%, in 1995.
The long-run direction has been consistently falling across the 27 years of available data.
Bound rate, simple mean, primary products (%) in European Union, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 4.6% | — |
| 1996 | 13.0% | +184.9% |
| 1997 | 12.7% | -2.3% |
| 1998 | 12.6% | -0.6% |
| 1999 | 12.7% | +0.2% |
| 2000 | 12.7% | +0.3% |
| 2001 | 13.7% | +8.0% |
| 2002 | 13.2% | -3.5% |
| 2003 | 13.2% | +0.0% |
| 2004 | 12.5% | -5.4% |
| 2005 | 13.3% | +6.3% |
| 2006 | 13.2% | -1.1% |
| 2007 | 12.9% | -2.3% |
| 2008 | 11.9% | -7.6% |
| 2009 | 11.7% | -1.4% |
| 2010 | 11.7% | -0.4% |
| 2011 | 11.4% | -1.8% |
| 2012 | 11.5% | +0.3% |
| 2013 | 11.1% | -3.0% |
| 2014 | 11.1% | -0.7% |
| 2015 | 5.8% | -47.9% |
| 2016 | 5.8% | +0.0% |
| 2017 | 5.8% | -0.2% |
| 2018 | 5.8% | +0.0% |
| 2019 | 5.8% | +0.0% |
| 2020 | 5.8% | +0.0% |
| 2021 | 5.8% | +0.0% |
Biggest year-on-year movements
Years where Bound rate, simple mean, primary products (%) in European Union changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +184.9% | 4.6% | 13.0% |
| 2015 | -47.9% | 11.1% | 5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.1% | 4.6% | 13.0% | 5 |
| 2000s | 12.8% | 11.7% | 13.7% | 10 |
| 2010s | 8.6% | 5.8% | 11.7% | 10 |
| 2020s | 5.8% | 5.8% | 5.8% | 2 |
Countries ranked near European Union
More private sector data for European Union
- Merchandise trade 70.9% (2025)
- Food imports 11.3% (2025)
- Manufactures imports 71.5% (2025)
- Merchandise imports 7.41 trillion current US$ (2025)
- Commercial service imports 3.21 trillion current US$ (2025)
- Food exports 11.4% (2025)
- Manufactures exports 76.5% (2025)
- Merchandise exports 7.66 trillion current US$ (2025)
- Commercial service exports 3.58 trillion current US$ (2025)
- Merchandise exports (current US$), per capita 16,988 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in European Union?
- Bound rate, simple mean, primary products in European Union was 5.8% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in European Union?
- The highest recorded value was 13.7% in 2001.
- What is the lowest bound rate, simple mean, primary products recorded in European Union?
- The lowest recorded value was 4.6% in 1995.
- How does European Union rank for bound rate, simple mean, primary products?
- European Union ranks 1st out of 1 groups with data for 2021.
- Is bound rate, simple mean, primary products rising or falling in European Union?
- Over the last ten years it is down 49.8%. The long-run trend across the full record is falling.
- Where does this European Union 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 — 27 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).