Bound rate, simple mean, primary products in Ghana

Ghana: Bound rate, simple mean, primary products was 96.1% in 2021. ▬ Flat

Latest (2021)
96.1%
Change on year
unchanged
World rank
17th
of 157 countries
All-time high
96.7%
in 2007
All-time low
96.1%
in 2018
Years of data
16
2000–2021

Bound rate, simple mean, primary products in Ghana, 2000–2021

0204060801002000201020212000: 96.6 %2001: 96.7 %2002: 96.7 %2003: 96.7 %2004: 96.7 %2007: 96.7 %2008: 96.7 %2009: 96.7 %2010: 96.6 %2013: 96.1 %2016: 96.1 %2017: 96.1 %2018: 96.1 %2019: 96.1 %2020: 96.1 %2021: 96.1 %

Source: Staff estimates, World Bank (WB). Measured in %.

Analysis

Ghana recorded 96.1% for bound rate, simple mean, primary products in 2021. That is the lowest value across all 16 years on record.

Compared with earlier readings it is down 0.5% over ten years.

Over the whole period, bound rate, simple mean, primary products in Ghana peaked at 96.7% in 2007 and was at its lowest, 96.1%, in 2018.

That places Ghana 17th out of 157 countries with data for 2021, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 96.7% 96.6% 96.7% 8
2010s 96.2% 96.1% 96.6% 6
2020s 96.1% 96.1% 96.1% 2

Countries ranked near Ghana

  1. 14 Democratic Republic of Congo 97.8% compare
  2. 15 Barbados 97.2% compare
  3. 16 Saint Lucia 96.5% compare
  4. 18 Kenya 96.0% compare
  5. 19 Saint Kitts and Nevis 94.7% compare
  6. 20 Burkina Faso 94.0% compare

See the full ranking of 158 places →

More private sector data for Ghana

All data for Ghana →

Frequently asked questions

What is bound rate, simple mean, primary products in Ghana?
Bound rate, simple mean, primary products in Ghana was 96.1% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Ghana?
The highest recorded value was 96.7% in 2007.
What is the lowest bound rate, simple mean, primary products recorded in Ghana?
The lowest recorded value was 96.1% in 2018.
How does Ghana rank for bound rate, simple mean, primary products?
Ghana ranks 17th out of 157 countries with data for 2021.
Is bound rate, simple mean, primary products rising or falling in Ghana?
Over the last ten years it is down 0.5%. The long-run trend across the full record is flat.
Where does this Ghana 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

Indicator
Bound rate, simple mean, primary products (%)
Unit
%
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
158 places, 3,133 data points, 1995–2022
Last refreshed

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).