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

Key figures

What the numbers say

In 2024, Libya's net barter terms of trade index (2015 = 100) fell 1.9 on 2023 (from 121.2 to 119.3).

Across the 18 yearly changes before that (2006 to 2023), the average change was +0.7 and a typical year strayed about 28.81 from that (the standard deviation). This year's change was 0.1 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 41 in 2021 and the biggest yearly fall was 52.2 in 2009. 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 27% 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, Libya had the 49th 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 Libya in the 2024 ranking

• Tanzania — 46th of 203: 120.1
• Iran, Islamic Rep. — 47th of 203: 119.8
• Kazakhstan — 48th of 203: 119.4
• Kyrgyz Republic — 50th of 203: 118.6
• Ethiopia — 51st of 203: 118.5
• Mozambique — 52nd of 203: 117.5

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

• Afghanistan — 107.3 (2024)
• Algeria — 138.2 (2024)
• Bahrain — 123.4 (2024)
• Djibouti — 93.8 (2024)
• Egypt, Arab Rep. — 112.2 (2024)
• Iran, Islamic Rep. — 119.8 (2024)
• Iraq — 122.9 (2024)
• Israel — 93.3 (2024)
• Jordan — 93.3 (2024)
• Kuwait — 123.3 (2024)
• Lebanon

More trade data for Libya

• Import volume index (2015 = 100) — 112.2 (2024)
• Import value index (2015 = 100) — 147.2 (2024)
• Export volume index (2015 = 100) — 80.1 (2024)
• Export value index (2015 = 100) — 125.4 (2024)

Every indicator for Libya is on the Libya data page.

Reading data like this

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Questions people ask

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

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

How has it changed since 2005?

It is up 9.85% from 108.6 in 2005 (0.5% a year on average, compounded). The highest value was 167.3 in 2013 and the lowest 74 in 2020.

How does Libya rank?

49th highest of 203 economies with data for 2024.

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

In 2024, Libya's net barter terms of trade index (2015 = 100) fell 1.9 on 2023 (from 121.2 to 119.3). Across the 18 yearly changes before that (2006 to 2023), the average change was +0.7 and a typical year strayed about 28.81 from that (the standard deviation). This year's change was 0.1 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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