Bound rate, simple mean, primary products in Norway

Norway: Bound rate, simple mean, primary products was 0.6% in 2021. ◆ Volatile

Latest (2021)
0.6%
Change on year
unchanged
World rank
154th
of 157 countries
All-time high
88.5%
in 2002
All-time low
0.5%
in 2015
Years of data
27
1995–2021

Bound rate, simple mean, primary products in Norway, 1995–2021

0204060801995200820211995: 0.66 %1996: 0.64 %1997: 0.64 %1998: 0.64 %1999: 0.64 %2000: 0.64 %2001: 0.64 %2002: 88.5 %2003: 87 %2004: 84.7 %2005: 86.3 %2006: 86.2 %2007: 84.3 %2008: 80 %2009: 78.6 %2010: 78.1 %2011: 77.8 %2012: 79.8 %2013: 79.2 %2014: 78.5 %2015: 0.54 %2016: 0.54 %2017: 0.56 %2018: 0.56 %2019: 0.56 %2020: 0.56 %2021: 0.56 %

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

Analysis

The most recent figure for bound rate, simple mean, primary products in Norway is 0.6%, measured in 2021.

Compared with earlier readings it is down 99.3% over ten years.

Over the whole period, bound rate, simple mean, primary products in Norway peaked at 88.5% in 2002 and was at its lowest, 0.5%, in 2015.

Norway ranks 154th of 157 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.6% 0.6% 0.7% 5
2000s 67.7% 0.6% 88.5% 10
2010s 39.6% 0.5% 79.8% 10
2020s 0.6% 0.6% 0.6% 2

Countries ranked near Norway

  1. 151 United States 4.2% compare
  2. 152 Canada 2.7% compare
  3. 153 Australia 2.4% compare
  4. 155 Hong Kong 0.0% compare
  5. 155 Macao 0.0% compare
  6. 155 Switzerland 0.0% compare

See the full ranking of 158 places →

More private sector data for Norway

All data for Norway →

Frequently asked questions

What is bound rate, simple mean, primary products in Norway?
Bound rate, simple mean, primary products in Norway was 0.6% in 2021, according to Staff estimates, World Bank (WB).
What is the highest bound rate, simple mean, primary products recorded in Norway?
The highest recorded value was 88.5% in 2002.
What is the lowest bound rate, simple mean, primary products recorded in Norway?
The lowest recorded value was 0.5% in 2015.
How does Norway rank for bound rate, simple mean, primary products?
Norway ranks 154th out of 157 countries with data for 2021.
Is bound rate, simple mean, primary products rising or falling in Norway?
Over the last ten years it is down 99.3%. The long-run trend across the full record is volatile.
Where does this Norway 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).