Jamaica's net barter terms of trade index (2015 = 100) was 100.3 in 2024, the latest year in the World Bank's World Development Indicators. That is up 2.24% from 98.1 in 2014 (0.22% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 100.3 | 2024 |
| Five years earlier | 100.6 | 2019 |
| Ten years earlier | 98.1 | 2014 |
| Highest | 126.3 | 2006 |
| Lowest | 97 | 2013 |
| Average since 2015 | 103.99 | 2015–2024 |
| First recorded | 105.2 | 2005 |
What the numbers say
In 2024, Jamaica's net barter terms of trade index (2015 = 100) rose 0.9 on 2023 (from 99.4 to 100.3).
Across the 18 yearly changes before that (2006 to 2023), the average change was −0.32 and a typical year strayed about 8.77 from that (the standard deviation). This year's change was 0.1 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 21.1 in 2006 and the biggest yearly fall was 13.8 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 there is no clear straight-line trend: a straight line explains less than 1% 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, Jamaica had the 108th 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 | |
|---|---|---|
| Jamaica | 100.3 | 2024 |
| World | 100.2 | 2024 |
Closest to Jamaica in the 2024 ranking
- Czechia — 105th of 203: 100.6
- Hong Kong SAR, China — 106th of 203: 100.5
- Nepal — 107th of 203: 100.5
- Netherlands — 109th of 203: 100.3
- Micronesia, Fed. Sts. — 110th of 203: 100.1
- Costa Rica — 111th of 203: 99.9
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 | 100.3 |
| 2023 | 99.4 |
| 2022 | 113.2 |
| 2021 | 107.4 |
| 2020 | 98.7 |
| 2019 | 100.6 |
| 2018 | 109.7 |
| 2017 | 109.5 |
| 2016 | 101.1 |
| 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)
- British Virgin Islands — 59.5 (2024)
- Cayman Islands — 81.6 (2024)
More trade data for Jamaica
- Import volume index (2015 = 100) — 115.4 (2024)
- Import value index (2015 = 100) — 150.7 (2024)
- Export volume index (2015 = 100) — 117.9 (2024)
- Export value index (2015 = 100) — 154.4 (2024)
- Binding coverage, manufactured products (%) — 0% (2022)
- Tariff rate, applied, simple mean, manufactured products (%) — 8.72% (2022)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 5.61% (2022)
- Tariff rate, applied, weighted mean, manufactured products (%) — 9.28% (2022)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 9.28% (2022)
Reading data like this
Questions people ask
- What is Jamaica's net barter terms of trade index (2015 = 100)?
- 100.3 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 4.66% from 105.2 in 2005 (0.25% a year on average, compounded). The highest value was 126.3 in 2006 and the lowest 97 in 2013.
- How does Jamaica rank?
- 108th highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for Jamaica?
- In 2024, Jamaica's net barter terms of trade index (2015 = 100) rose 0.9 on 2023 (from 99.4 to 100.3). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.32 and a typical year strayed about 8.77 from that (the standard deviation). This year's change was 0.1 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.
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