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

Key figures

What the numbers say

In 2024, Curaçao's net barter terms of trade index (2015 = 100) fell 3.8 on 2023 (from 138.4 to 134.6).

Across the 12 yearly changes before that (2012 to 2023), the average change was +2.1 and a typical year strayed about 8.28 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 19.8 in 2022 and the biggest yearly fall was 8 in 2023. 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 5.55 a year. A straight line explains 83% 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, Curaçao had the 18th 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 Curaçao in the 2024 ranking

• Côte d'Ivoire — 15th of 203: 136.2
• Uzbekistan — 16th of 203: 135.1
• Chile — 17th of 203: 134.9
• Liberia — 19th of 203: 134.3
• Guinea — 20th of 203: 132
• Burkina Faso — 21st of 203: 131.6

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 14 values

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)
• British Virgin Islands — 59.5 (2024)
• Cayman Islands — 81.6 (2024)

More trade data for Curaçao

• Import volume index (2015 = 100) — 105.8 (2024)
• Import value index (2015 = 100) — 133.8 (2024)
• Export volume index (2015 = 100) — 60.9 (2024)
• Export value index (2015 = 100) — 103.6 (2024)

Every indicator for Curaçao is on the Curaçao data page.

Reading data like this

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Questions people ask

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

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

How has it changed since 2011?

It is up 18.9% from 113.2 in 2011 (1.34% a year on average, compounded). The highest value was 146.4 in 2022 and the lowest 98.1 in 2016.

How does Curaçao rank?

18th highest of 203 economies with data for 2024.

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

In 2024, Curaçao's net barter terms of trade index (2015 = 100) fell 3.8 on 2023 (from 138.4 to 134.6). Across the 12 yearly changes before that (2012 to 2023), the average change was +2.1 and a typical year strayed about 8.28 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.

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