Bermuda: Net barter terms of trade index (2015 = 100)

Key figures

What the numbers say

In 2024, Bermuda's net barter terms of trade index (2015 = 100) fell 2.9 on 2023 (from 123.8 to 120.9).

Across the 18 yearly changes before that (2006 to 2023), the average change was −0.02 and a typical year strayed about 10.89 from that (the standard deviation). This year's change was 0.3 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 22.6 in 2016 and the biggest yearly fall was 34.1 in 2010. 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 there is no clear straight-line trend: a straight line explains 25% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Bermuda had the 43rd 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 Bermuda in the 2024 ranking

• Trinidad and Tobago — 40th of 203: 122.8
• Qatar — 41st of 203: 121.6
• Myanmar — 42nd of 203: 121.3
• Brazil — 44th of 203: 120.8
• Timor-Leste — 45th of 203: 120.2
• Tanzania — 46th of 203: 120.1

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

Net barter terms of trade index (2015 = 100) in nearby economies

• Canada — 109.9 (2024)
• United States — 105.4 (2024)

More trade data for Bermuda

• Import volume index (2015 = 100) — 122.3 (2024)
• Import value index (2015 = 100) — 143.1 (2024)
• Export volume index (2015 = 100) — 247.9 (2024)
• Export value index (2015 = 100) — 350.8 (2024)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 21.42% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 23.35% (2022)
• Tariff rate, most favored nation, simple mean, primary products (%) — 29.13% (2022)
• Tariff rate, applied, simple mean, manufactured products (%) — 19.74% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Bermuda's net barter terms of trade index (2015 = 100)?

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

How has it changed since 2005?

It is down 2.58% from 124.1 in 2005 (0.14% a year on average, compounded). The highest value was 129 in 2008 and the lowest 89.3 in 2011.

How does Bermuda rank?

43rd highest of 203 economies with data for 2024.

Is the latest change in net barter terms of trade index (2015 = 100) unusual for Bermuda?

In 2024, Bermuda's net barter terms of trade index (2015 = 100) fell 2.9 on 2023 (from 123.8 to 120.9). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.02 and a typical year strayed about 10.89 from that (the standard deviation). This year's change was 0.3 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.