Bound rate, simple mean, primary products (%) in Nepal
Nepal: Bound rate, simple mean, primary products (%) was 32.9% in 2021. ▬ Flat
Bound rate, simple mean, primary products in Nepal, 2004–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Nepal recorded 32.9% for bound rate, simple mean, primary products in 2021. That is the highest value across all 17 years on record.
The figure is up 1.7% over ten years.
Over the whole period, bound rate, simple mean, primary products in Nepal peaked at 32.9% in 2018 and was at its lowest, 32.3%, in 2007.
That places Nepal 75th out of 157 countries with data for 2021, putting it in the middle of the range.
Bound rate, simple mean, primary products (%) in Nepal, year by year
| Year | % | Change |
|---|---|---|
| 2004 | 32.4% | — |
| 2005 | 32.4% | +0.0% |
| 2006 | 32.4% | +0.0% |
| 2007 | 32.3% | -0.3% |
| 2008 | 32.3% | +0.0% |
| 2009 | 32.3% | +0.0% |
| 2010 | 32.3% | +0.0% |
| 2011 | 32.3% | +0.0% |
| 2012 | 32.3% | +0.0% |
| 2013 | 32.6% | +0.9% |
| 2014 | 32.6% | +0.0% |
| 2015 | 32.6% | +0.0% |
| 2016 | 32.6% | +0.0% |
| 2018 | 32.9% | +0.8% |
| 2019 | 32.9% | +0.0% |
| 2020 | 32.9% | +0.0% |
| 2021 | 32.9% | +0.0% |
Nepal compared with similar countries
- Nepal's 32.9% is below the median for lower middle income countries, which is 46.0%, 72% of the median. (39 countries reporting)
- Nepal's 32.9% is below the median for South Asia, which is 47.6%, 69% of the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.4% | 32.3% | 32.4% | 6 |
| 2010s | 32.6% | 32.3% | 32.9% | 9 |
| 2020s | 32.9% | 32.9% | 32.9% | 2 |
Countries ranked near Nepal
- 72 South Korea 33.5% compare
- 73 Honduras 33.2% compare
- 74 Argentina 33.0% compare
- 76 Philippines 31.8% compare
- 77 Central African Republic 30.6% compare
- 78 Peru 30.5% compare
More private sector data for Nepal
- Merchandise trade 36.7% (2025)
- Food imports 18.0% (2022)
- Manufactures imports 52.5% (2022)
- Merchandise imports 14.40 billion current US$ (2025)
- Commercial service imports 2.50 billion current US$ (2025)
- Food exports 49.4% (2022)
- Manufactures exports 47.5% (2022)
- Merchandise exports 2.31 billion current US$ (2025)
- Commercial service exports 1.58 billion current US$ (2025)
- Merchandise exports (current US$), per capita 78.03 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Nepal?
- Bound rate, simple mean, primary products in Nepal was 32.9% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Nepal?
- The highest recorded value was 32.9% in 2018.
- What is the lowest bound rate, simple mean, primary products recorded in Nepal?
- The lowest recorded value was 32.3% in 2007.
- How does Nepal rank for bound rate, simple mean, primary products?
- Nepal ranks 75th out of 157 countries with data for 2021.
- Is bound rate, simple mean, primary products rising or falling in Nepal?
- Over the last ten years it is up 1.7%. The long-run trend across the full record is flat.
- Where does this Nepal 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).