Barbados: Export volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Barbados' export volume index (2015 = 100) rose 2.8 on 2023 (from 75.4 to 78.2).

Across the 18 yearly changes before that (2006 to 2023), the average change was −0.63 and a typical year strayed about 13.49 from that (the standard deviation). This year's change was 0.3 standard deviations above 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 23.5 in 2006 and the biggest yearly fall was 21.9 in 2008. 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 downward, about 3.46 a year. A straight line explains 54% 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, Barbados had the 170th 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.

Closest to Barbados in the 2024 ranking

• Libya — 167th of 203: 80.1
• Turkmenistan — 168th of 203: 80
• Botswana — 169th of 203: 79
• Belize — 171st of 203: 77.7
• Haiti — 172nd of 203: 77.7
• New Caledonia — 173rd of 203: 77.6

What this measures

Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Export volume index (2015 = 100) in nearby economies

• Antigua and Barbuda — 47.2 (2024)
• Argentina — 121.1 (2024)
• Aruba — 40.1 (2024)
• Bahamas, The — 116.7 (2024)
• Belize — 77.7 (2024)
• Bolivia — 75.2 (2024)
• Brazil — 139.5 (2024)
• British Virgin Islands — 66.5 (2024)
• Cayman Islands — 83.3 (2024)
• Chile — 106 (2024)
• Colombia — 98.5 (2024)

More trade data for Barbados

• Import volume index (2015 = 100) — 104 (2024)
• Import value index (2015 = 100) — 132.5 (2024)
• Net barter terms of trade index (2015 = 100) — 95.7 (2024)
• Export value index (2015 = 100) — 95.4 (2024)
• Binding coverage, manufactured products (%) — 100% (2022)
• Bound rate, simple mean, manufactured products (%) — 73.47% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 10.49% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 10.45% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 11.73% (2022)

Reading data like this

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Questions people ask

What is Barbados's export volume index (2015 = 100)?

78.2 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 9.8% from 86.7 in 2005 (0.54% a year on average, compounded). The highest value was 110.2 in 2006 and the lowest 62.4 in 2021.

How does Barbados rank?

170th highest of 203 economies with data for 2024.

Is the latest change in export volume index (2015 = 100) unusual for Barbados?

In 2024, Barbados' export volume index (2015 = 100) rose 2.8 on 2023 (from 75.4 to 78.2). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.63 and a typical year strayed about 13.49 from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TX.QTY.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.

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