Bound rate, simple mean, primary products in Peru
Peru: Bound rate, simple mean, primary products was 30.5% in 2022. ▬ Flat
Bound rate, simple mean, primary products in Peru, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, bound rate, simple mean, primary products in Peru stood at 30.5%. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 0.0% over ten years.
Over the whole period, bound rate, simple mean, primary products in Peru peaked at 30.5% in 1995 and was at its lowest, 30.5%, in 2002.
Peru ranks 78th of 157 countries on this measure, in the middle of the range.
Bound rate, simple mean, primary products in Peru, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 30.5% | — |
| 1997 | 30.5% | -0.0% |
| 1998 | 30.5% | -0.1% |
| 1999 | 30.5% | +0.0% |
| 2000 | 30.5% | +0.0% |
| 2001 | 30.5% | +0.0% |
| 2002 | 30.5% | -0.0% |
| 2003 | 30.5% | +0.0% |
| 2004 | 30.5% | +0.0% |
| 2005 | 30.5% | +0.0% |
| 2006 | 30.5% | +0.0% |
| 2007 | 30.5% | +0.0% |
| 2008 | 30.5% | +0.0% |
| 2009 | 30.5% | +0.0% |
| 2010 | 30.5% | +0.0% |
| 2011 | 30.5% | +0.0% |
| 2013 | 30.5% | -0.0% |
| 2014 | 30.5% | +0.0% |
| 2015 | 30.5% | +0.0% |
| 2017 | 30.5% | +0.0% |
| 2018 | 30.5% | +0.0% |
| 2019 | 30.5% | +0.0% |
| 2020 | 30.5% | +0.0% |
| 2021 | 30.5% | +0.0% |
| 2022 | 30.5% | +0.0% |
Peru compared with similar countries
- Peru's 30.5% is below the median for upper middle income countries, which is 31.8%, 96% of the median. (45 countries reporting)
- Peru's 30.5% is below the median for Latin America & Caribbean, which is 41.8%, 73% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.5% | 30.5% | 30.5% | 4 |
| 2000s | 30.5% | 30.5% | 30.5% | 10 |
| 2010s | 30.5% | 30.5% | 30.5% | 8 |
| 2020s | 30.5% | 30.5% | 30.5% | 3 |
Countries ranked near Peru
- 75 Nepal 32.9% compare
- 76 Philippines 31.8% compare
- 77 Central African Republic 30.6% compare
- 79 Congo 30.0% compare
- 80 Senegal 29.9% compare
- 81 Madagascar 29.7% compare
More private sector data for Peru
- Merchandise trade 42.8% (2025)
- Food imports 11.9% (2024)
- Manufactures imports 68.2% (2024)
- Merchandise imports 60.63 billion current US$ (2025)
- Food exports 21.2% (2024)
- Manufactures exports 7.4% (2024)
- Merchandise exports 82.69 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,392 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2469 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 10.68 % change on previous year (2025)
Frequently asked questions
- What is bound rate, simple mean, primary products in Peru?
- Bound rate, simple mean, primary products in Peru was 30.5% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, primary products recorded in Peru?
- The highest recorded value was 30.5% in 1995.
- What is the lowest bound rate, simple mean, primary products recorded in Peru?
- The lowest recorded value was 30.5% in 2002.
- How does Peru rank for bound rate, simple mean, primary products?
- Peru ranks 78th out of 157 countries with data for 2022.
- Is bound rate, simple mean, primary products rising or falling in Peru?
- Over the last ten years it is down 0.0%. The long-run trend across the full record is flat.
- Where does this Peru 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).