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

Key figures

What the numbers say

In 2024, New Caledonia's net barter terms of trade index (2015 = 100) fell 12 on 2023 (from 117.1 to 105.1).

Across the 18 yearly changes before that (2006 to 2023), the average change was +2.06 and a typical year strayed about 13.68 from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 30.8 in 2010 and the biggest yearly fall was 26.4 in 2012. 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 2.47 a year. A straight line explains 42% 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, New Caledonia had the 89th 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 New Caledonia in the 2024 ranking

• Viet Nam — 86th of 203: 106.5
• Bosnia and Herzegovina — 87th of 203: 106
• United States — 88th of 203: 105.4
• Mexico — 90th of 203: 104.4
• Latvia — 91st of 203: 103.7
• Italy — 92nd of 203: 103.6

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 20 values

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 New Caledonia

• Import volume index (2015 = 100) — 68.1 (2024)
• Import value index (2015 = 100) — 85.6 (2024)
• Export volume index (2015 = 100) — 77.6 (2024)
• Export value index (2015 = 100) — 102.5 (2024)

Every indicator for New Caledonia is on the New Caledonia data page.

Reading data like this

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Questions people ask

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

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

How has it changed since 2005?

It is up 31.21% from 80.1 in 2005 (1.44% a year on average, compounded). The highest value was 147.3 in 2010 and the lowest 80.1 in 2005.

How does New Caledonia rank?

89th highest of 203 economies with data for 2024.

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

In 2024, New Caledonia's net barter terms of trade index (2015 = 100) fell 12 on 2023 (from 117.1 to 105.1). Across the 18 yearly changes before that (2006 to 2023), the average change was +2.06 and a typical year strayed about 13.68 from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

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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