Bound rate, simple mean, primary products (%) in Nicaragua
Nicaragua: Bound rate, simple mean, primary products (%) was 42.2% in 2021. ▬ Flat
Bound rate, simple mean, primary products in Nicaragua, 1995–2021
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
The most recent figure for bound rate, simple mean, primary products in Nicaragua is 42.2%, measured in 2021. That is the highest value across all 27 years on record.
That represents a change of up 0.1% over ten years.
Over the whole period, bound rate, simple mean, primary products in Nicaragua peaked at 42.2% in 2017 and was at its lowest, 42.0%, in 1995.
Nicaragua ranks 56th of 157 countries on this measure, in the middle of the range.
Bound rate, simple mean, primary products (%) in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 42.0% | — |
| 1996 | 42.0% | +0.0% |
| 1997 | 42.2% | +0.6% |
| 1998 | 42.2% | +0.0% |
| 1999 | 42.2% | +0.0% |
| 2000 | 42.2% | +0.0% |
| 2001 | 42.2% | +0.0% |
| 2002 | 42.2% | +0.0% |
| 2003 | 42.1% | -0.2% |
| 2004 | 42.1% | +0.0% |
| 2005 | 42.1% | +0.0% |
| 2006 | 42.1% | +0.0% |
| 2007 | 42.2% | +0.1% |
| 2008 | 42.2% | +0.0% |
| 2009 | 42.2% | +0.0% |
| 2010 | 42.2% | +0.0% |
| 2011 | 42.2% | +0.0% |
| 2012 | 42.2% | +0.0% |
| 2013 | 42.2% | +0.0% |
| 2014 | 42.2% | +0.0% |
| 2015 | 42.2% | +0.0% |
| 2016 | 42.2% | +0.0% |
| 2017 | 42.2% | +0.1% |
| 2018 | 42.2% | +0.0% |
| 2019 | 42.2% | +0.0% |
| 2020 | 42.2% | +0.0% |
| 2021 | 42.2% | +0.0% |
Nicaragua compared with similar countries
- Nicaragua's 42.2% is below the median for lower middle income countries, which is 46.0%, 92% of the median. (39 countries reporting)
- Nicaragua's 42.2% is above the median for Latin America & Caribbean, which is 41.8%, 1.0× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 42.1% | 42.0% | 42.2% | 5 |
| 2000s | 42.2% | 42.1% | 42.2% | 10 |
| 2010s | 42.2% | 42.2% | 42.2% | 10 |
| 2020s | 42.2% | 42.2% | 42.2% | 2 |
Countries ranked near Nicaragua
- 53 Guinea-Bissau 44.6% compare
- 54 Costa Rica 43.8% compare
- 55 Indonesia 43.2% compare
- 57 El Salvador 41.5% compare
- 58 Papua New Guinea 41.2% compare
- 59 Fiji 40.4% compare
More private sector data for Nicaragua
- Merchandise trade 95.9% (2025)
- Food imports 16.6% (2024)
- Manufactures imports 68.6% (2024)
- Merchandise imports 12.43 billion current US$ (2025)
- Commercial service imports 1.28 billion current US$ (2024)
- Food exports 42.6% (2024)
- Manufactures exports 37.0% (2024)
- Merchandise exports 8.89 billion current US$ (2025)
- Commercial service exports 1.19 billion current US$ (2024)
- Merchandise exports (current US$), per capita 1,269 current US$ per person (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Nicaragua?
- Bound rate, simple mean, primary products in Nicaragua was 42.2% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Nicaragua?
- The highest recorded value was 42.2% in 2017.
- What is the lowest bound rate, simple mean, primary products recorded in Nicaragua?
- The lowest recorded value was 42.0% in 1995.
- How does Nicaragua rank for bound rate, simple mean, primary products?
- Nicaragua ranks 56th out of 157 countries with data for 2021.
- Is bound rate, simple mean, primary products rising or falling in Nicaragua?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is flat.
- Where does this Nicaragua 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).