British Virgin Islands's net barter terms of trade index (2015 = 100) was 59.5 in 2024, the latest year in the World Bank's World Development Indicators. That is down 34.83% from 91.3 in 2014 (4.19% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 59.5 | 2024 |
| Five years earlier | 94.2 | 2019 |
| Ten years earlier | 91.3 | 2014 |
| Highest | 101.2 | 2016 |
| Lowest | 49.6 | 2022 |
| Average since 2015 | 84.08 | 2015–2024 |
| First recorded | 96.8 | 2005 |
What the numbers say
In 2024, British Virgin Islands' net barter terms of trade index (2015 = 100) rose 3.1 on 2023 (from 56.4 to 59.5).
Across the 18 yearly changes before that (2006 to 2023), the average change was −2.24 and a typical year strayed about 11.18 from that (the standard deviation). This year's change was 0.5 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 10 in 2012 and the biggest yearly fall was 38.6 in 2022. 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 5.86 a year. A straight line explains 75% 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, British Virgin Islands had the 202nd 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 | |
|---|---|---|
| British Virgin Islands | 59.5 | 2024 |
| World | 100.2 | 2024 |
Closest to British Virgin Islands in the 2024 ranking
- Comoros — 199th of 203: 69.7
- Ireland — 200th of 203: 67.6
- Gibraltar — 201st of 203: 67.5
- St. Vincent and the Grenadines — 203rd of 203: 52.9
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 | 59.5 |
| 2023 | 56.4 |
| 2022 | 49.6 |
| 2021 | 88.2 |
| 2020 | 92.4 |
| 2019 | 94.2 |
| 2018 | 98.8 |
| 2017 | 100.5 |
| 2016 | 101.2 |
| 2015 | 100 |
| 2014 |
Net barter terms of trade index (2015 = 100) in nearby economies
- Antigua and Barbuda — 84 (2024)
- Argentina — 107 (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)
- Cayman Islands — 81.6 (2024)
- Chile — 134.9 (2024)
More trade data for British Virgin Islands
- Import volume index (2015 = 100) — 97.3 (2024)
- Import value index (2015 = 100) — 137.8 (2024)
- Export volume index (2015 = 100) — 66.5 (2024)
- Export value index (2015 = 100) — 56.1 (2024)
Every indicator for British Virgin Islands is on the British Virgin Islands data page.
Reading data like this
Questions people ask
- What is British Virgin Islands's net barter terms of trade index (2015 = 100)?
- 59.5 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 38.53% from 96.8 in 2005 (2.53% a year on average, compounded). The highest value was 101.2 in 2016 and the lowest 49.6 in 2022.
- How does British Virgin Islands rank?
- 202nd highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for British Virgin Islands?
- In 2024, British Virgin Islands' net barter terms of trade index (2015 = 100) rose 3.1 on 2023 (from 56.4 to 59.5). Across the 18 yearly changes before that (2006 to 2023), the average change was −2.24 and a typical year strayed about 11.18 from that (the standard deviation). This year's change was 0.5 standard deviations above 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.
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