Bound rate, simple mean, primary products in Guyana
Guyana: Bound rate, simple mean, primary products was 76.3% in 2022. ▬ Flat
Bound rate, simple mean, primary products in Guyana, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, bound rate, simple mean, primary products in Guyana stood at 76.3%. That is the lowest value across all 22 years on record.
That represents a change of down 0.4% over ten years.
Over the whole period, bound rate, simple mean, primary products in Guyana peaked at 77.4% in 1999 and was at its lowest, 76.3%, in 2019.
Guyana ranks 35th of 157 countries on this measure, in the top quarter.
Bound rate, simple mean, primary products in Guyana, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 77.0% | — |
| 1999 | 77.4% | +0.5% |
| 2000 | 77.4% | +0.0% |
| 2001 | 77.4% | +0.0% |
| 2002 | 77.4% | +0.0% |
| 2003 | 77.4% | +0.0% |
| 2006 | 77.0% | -0.5% |
| 2007 | 76.6% | -0.5% |
| 2008 | 76.6% | +0.0% |
| 2009 | 76.6% | +0.0% |
| 2010 | 76.6% | +0.0% |
| 2011 | 76.6% | +0.0% |
| 2012 | 76.6% | +0.0% |
| 2013 | 76.6% | +0.0% |
| 2015 | 76.6% | +0.0% |
| 2016 | 76.6% | +0.0% |
| 2017 | 76.6% | +0.0% |
| 2018 | 76.6% | +0.0% |
| 2019 | 76.3% | -0.4% |
| 2020 | 76.3% | +0.0% |
| 2021 | 76.3% | +0.0% |
| 2022 | 76.3% | +0.0% |
Guyana compared with similar countries
- Guyana's 76.3% is above the median for high income countries, which is 5.8%, 13.3× the median. (58 countries reporting)
- Guyana's 76.3% is above the median for Latin America & Caribbean, which is 41.8%, 1.8× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 77.2% | 77.0% | 77.4% | 2 |
| 2000s | 77.1% | 76.6% | 77.4% | 8 |
| 2010s | 76.6% | 76.3% | 76.6% | 9 |
| 2020s | 76.3% | 76.3% | 76.3% | 3 |
Countries ranked near Guyana
More private sector data for Guyana
- Merchandise trade 106.7% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 83.1% (2025)
- Merchandise imports 10.22 billion current US$ (2025)
- Food exports 1.5% (2025)
- Manufactures exports 0.5% (2025)
- Merchandise exports 18.69 billion current US$ (2025)
- Merchandise exports (current US$), per capita 22,360 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.6898 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -5.52 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Guyana?
- Bound rate, simple mean, primary products in Guyana was 76.3% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Guyana?
- The highest recorded value was 77.4% in 1999.
- What is the lowest bound rate, simple mean, primary products recorded in Guyana?
- The lowest recorded value was 76.3% in 2019.
- How does Guyana rank for bound rate, simple mean, primary products?
- Guyana ranks 35th out of 157 countries with data for 2022.
- Is bound rate, simple mean, primary products rising or falling in Guyana?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is flat.
- Where does this Guyana 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).