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

Key figures

What the numbers say

In 2024, Rwanda's net barter terms of trade index (2015 = 100) rose 15.1 on 2023 (from 114.8 to 129.9).

Across the 18 yearly changes before that (2006 to 2023), the average change was +2.37 and a typical year strayed about 10.85 from that (the standard deviation). This year's change was 1.2 standard deviations above 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 34.7 in 2006 and the biggest yearly fall was 19.5 in 2008. 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 2.57 a year. A straight line explains 78% 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, Rwanda had the 26th 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 Rwanda in the 2024 ranking

• Papua New Guinea — 23rd of 203: 131.2
• Guinea-Bissau — 24th of 203: 130.5
• São Tomé and Principe — 25th of 203: 130.3
• Angola — 27th of 203: 128.3
• Turkmenistan — 28th of 203: 127.5
• Nigeria — 29th of 203: 127.1

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

• Angola — 128.3 (2024)
• Benin — 103 (2024)
• Botswana — 76.7 (2024)
• Burkina Faso — 131.6 (2024)
• Burundi — 125.4 (2024)
• Cabo Verde — 92.1 (2024)
• Cameroon — 123.7 (2024)
• Central African Republic — 106.9 (2024)
• Chad — 150.6 (2024)
• Comoros — 69.7 (2024)

More trade data for Rwanda

• Tariff rate, applied, simple mean, manufactured products (%) — 10.43% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 11.35% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 6.23% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 11.43% (2022)
• Tariff rate, applied, simple mean, all products (%) — 11.87% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 13.37% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 11.11% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%) — 18.15% (2022)

Reading data like this

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Questions people ask

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

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

How has it changed since 2005?

It is up 79.92% from 72.2 in 2005 (3.14% a year on average, compounded). The highest value was 129.9 in 2024 and the lowest 72.2 in 2005.

How does Rwanda rank?

26th highest of 203 economies with data for 2024.

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

In 2024, Rwanda's net barter terms of trade index (2015 = 100) rose 15.1 on 2023 (from 114.8 to 129.9). Across the 18 yearly changes before that (2006 to 2023), the average change was +2.37 and a typical year strayed about 10.85 from that (the standard deviation). This year's change was 1.2 standard deviations above 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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