Northern Mariana Islands: Net barter terms of trade index (2015 = 100)

Key figures

What the numbers say

In 2024, Northern Mariana Islands' net barter terms of trade index (2015 = 100) rose 5.3 on 2023 (from 109.3 to 114.6).

Across the 18 yearly changes before that (2006 to 2023), the average change was +4.91 and a typical year strayed about 32.8 from that (the standard deviation). This year's change was 0.0 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 103 in 2016 and the biggest yearly fall was 43 in 2018. 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 21% 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, Northern Mariana Islands had the 59th 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 Northern Mariana Islands in the 2024 ranking

• Russian Federation — 56th of 203: 116.1
• Togo — 57th of 203: 115.6
• Norway — 58th of 203: 115.5
• Equatorial Guinea — 60th of 203: 114.1
• Senegal — 61st of 203: 112.4
• Egypt, Arab Rep. — 62nd of 203: 112.2

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 Northern Mariana Islands

• Import volume index (2015 = 100) — 90.3 (2024)
• Import value index (2015 = 100) — 114.8 (2024)
• Export volume index (2015 = 100) — 196.6 (2024)
• Export value index (2015 = 100) — 286.4 (2024)

Every indicator for Northern Mariana Islands is on the Northern Mariana Islands data page.

Reading data like this

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Questions people ask

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

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

How has it changed since 2005?

It is up 448.33% from 20.9 in 2005 (9.37% a year on average, compounded). The highest value was 203 in 2016 and the lowest 18.4 in 2008.

How does Northern Mariana Islands rank?

59th highest of 203 economies with data for 2024.

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

In 2024, Northern Mariana Islands' net barter terms of trade index (2015 = 100) rose 5.3 on 2023 (from 109.3 to 114.6). Across the 18 yearly changes before that (2006 to 2023), the average change was +4.91 and a typical year strayed about 32.8 from that (the standard deviation). This year's change was 0.0 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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