Micronesia, Fed. Sts.'s net barter terms of trade index (2015 = 100) was 100.1 in 2024, the latest year in the World Bank's World Development Indicators. That is up 19.45% from 83.8 in 2014 (1.79% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 100.1 | 2024 |
| Five years earlier | 104 | 2019 |
| Ten years earlier | 83.8 | 2014 |
| Highest | 111.3 | 2020 |
| Lowest | 80.8 | 2012 |
| Average since 2015 | 102.76 | 2015–2024 |
| First recorded | 100.7 | 2005 |
What the numbers say
In 2024, Micronesia, Fed. Sts.'s net barter terms of trade index (2015 = 100) rose 2.7 on 2023 (from 97.4 to 100.1).
Across the 18 yearly changes before that (2006 to 2023), the average change was −0.18 and a typical year strayed about 8.04 from that (the standard deviation). This year's change was 0.4 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 16.2 in 2015 and the biggest yearly fall was 12.6 in 2006. 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, Micronesia, Fed. Sts. had the 110th 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 | |
|---|---|---|
| Micronesia, Fed. Sts. | 100.1 | 2024 |
| World | 100.2 | 2024 |
Closest to Micronesia, Fed. Sts. in the 2024 ranking
- Nepal — 107th of 203: 100.5
- Jamaica — 108th of 203: 100.3
- Netherlands — 109th of 203: 100.3
- Costa Rica — 111th of 203: 99.9
- Poland — 112th of 203: 99.8
- Sudan — 113th of 203: 99.4
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 | 100.1 |
| 2023 | 97.4 |
| 2022 | 92.6 |
| 2021 | 101.9 |
| 2020 | 111.3 |
| 2019 | 104 |
| 2018 | 102 |
| 2017 | 107.7 |
| 2016 | 110.6 |
| 2015 | 100 |
| 2014 |
Net barter terms of trade index (2015 = 100) in nearby economies
- American Samoa — 167.2 (2024)
- Australia — 160.5 (2024)
- Brunei Darussalam — 103.2 (2024)
- Cambodia — 88.8 (2024)
- China — 84.7 (2024)
- Fiji — 98.3 (2024)
- French Polynesia — 81 (2024)
- Guam — 109 (2024)
- Hong Kong SAR, China — 100.5 (2024)
- Indonesia — 110.2 (2024)
More trade data for Micronesia, Fed. Sts.
- Import volume index (2015 = 100) — 139.5 (2024)
- Import value index (2015 = 100) — 187.1 (2024)
- Export volume index (2015 = 100) — 350 (2024)
- Export value index (2015 = 100) — 470 (2024)
Every indicator for Micronesia, Fed. Sts. is on the Micronesia, Fed. Sts. data page.
Reading data like this
Questions people ask
- What is Micronesia, Fed. Sts.'s net barter terms of trade index (2015 = 100)?
- 100.1 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 0.6% from 100.7 in 2005. The highest value was 111.3 in 2020 and the lowest 80.8 in 2012.
- How does Micronesia, Fed. Sts. rank?
- 110th highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for Micronesia, Fed. Sts.?
- In 2024, Micronesia, Fed. Sts.'s net barter terms of trade index (2015 = 100) rose 2.7 on 2023 (from 97.4 to 100.1). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.18 and a typical year strayed about 8.04 from that (the standard deviation). This year's change was 0.4 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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