Argentina's net barter terms of trade index (2015 = 100) was 107 in 2024, the latest year in the World Bank's World Development Indicators. That is up 2.2% from 104.7 in 2014 (0.22% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 107 | 2024 |
| Five years earlier | 103.4 | 2019 |
| Ten years earlier | 104.7 | 2014 |
| Highest | 114.2 | 2012 |
| Lowest | 76.8 | 2005 |
| Average since 2015 | 106.42 | 2015–2024 |
| First recorded | 76.8 | 2005 |
What the numbers say
In 2024, Argentina's net barter terms of trade index (2015 = 100) fell 2.1 on 2023 (from 109.1 to 107).
Across the 18 yearly changes before that (2006 to 2023), the average change was +1.79 and a typical year strayed about 5.24 from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 10.3 in 2008 and the biggest yearly fall was 7.3 in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 1.01 a year. A straight line explains 45% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Argentina had the 83rd highest value of the 203 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Argentina | 107 | 2024 |
| World | 100.2 | 2024 |
Closest to Argentina in the 2024 ranking
- Afghanistan — 80th of 203: 107.3
- Syrian Arab Republic — 81st of 203: 107.3
- Tajikistan — 82nd of 203: 107.2
- Dominican Republic — 84th of 203: 107
- Central African Republic — 85th of 203: 106.9
- Viet Nam — 86th of 203: 106.5
What this measures
Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.
All 20 values
| Year | Net barter terms of trade index (2015 = 100) |
|---|---|
| 2024 | 107 |
| 2023 | 109.1 |
| 2022 | 113.5 |
| 2021 | 113.9 |
| 2020 | 104 |
| 2019 | 103.4 |
| 2018 | 104.2 |
| 2017 | 103 |
| 2016 | 106.1 |
| 2015 | 100 |
| 2014 |
Net barter terms of trade index (2015 = 100) in nearby economies
- Antigua and Barbuda — 84 (2024)
- Aruba — 95.1 (2024)
- Bahamas, The — 96.5 (2024)
- Barbados — 95.7 (2024)
- Belize — 95.4 (2024)
- Bolivia — 84.9 (2024)
- Brazil — 120.8 (2024)
- British Virgin Islands — 59.5 (2024)
- Cayman Islands — 81.6 (2024)
- Chile — 134.9 (2024)
More trade data for Argentina
- Tariff rate, applied, simple mean, manufactured products (%) — 12.35% (2022)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 14.61% (2022)
- Tariff rate, applied, weighted mean, manufactured products (%) — 7.8% (2022)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 11.69% (2022)
- Tariff rate, applied, simple mean, all products (%) — 11.95% (2022)
- Tariff rate, most favored nation, simple mean, all products (%) — 13.11% (2022)
- Tariff rate, applied, weighted mean, all products (%) — 6.45% (2022)
- Tariff rate, most favored nation, weighted mean, all products (%)
Reading data like this
Questions people ask
- What is Argentina's net barter terms of trade index (2015 = 100)?
- 107 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 39.32% from 76.8 in 2005 (1.76% a year on average, compounded). The highest value was 114.2 in 2012 and the lowest 76.8 in 2005.
- How does Argentina rank?
- 83rd highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for Argentina?
- In 2024, Argentina's net barter terms of trade index (2015 = 100) fell 2.1 on 2023 (from 109.1 to 107). Across the 18 yearly changes before that (2006 to 2023), the average change was +1.79 and a typical year strayed about 5.24 from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator TT.PRI.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in