South Africa's net barter terms of trade index (2015 = 100) was 117.1 in 2024, the latest year in the World Bank's World Development Indicators. That is up 20.1% from 97.5 in 2014 (1.85% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 117.1 | 2024 |
| Five years earlier | 112 | 2019 |
| Ten years earlier | 97.5 | 2014 |
| Highest | 128.7 | 2021 |
| Lowest | 79.7 | 2005 |
| Average since 2015 | 113.1 | 2015–2024 |
| First recorded | 79.7 | 2005 |
What the numbers say
In 2024, South Africa's net barter terms of trade index (2015 = 100) rose 3.9 on 2023 (from 113.2 to 117.1).
Across the 18 yearly changes before that (2006 to 2023), the average change was +1.86 and a typical year strayed about 5.27 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 11.6 in 2020 and the biggest yearly fall was 10.9 in 2022. 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 2.09 a year. A straight line explains 50% 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, South Africa had the 53rd 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 | |
|---|---|---|
| South Africa | 117.1 | 2024 |
| World | 100.2 | 2024 |
Closest to South Africa in the 2024 ranking
- Kyrgyz Republic — 50th of 203: 118.6
- Ethiopia — 51st of 203: 118.5
- Mozambique — 52nd of 203: 117.5
- Paraguay — 54th of 203: 116.2
- Malaysia — 55th of 203: 116.1
- Russian Federation — 56th of 203: 116.1
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
| Year | Net barter terms of trade index (2015 = 100) |
|---|---|
| 2024 | 117.1 |
| 2023 | 113.2 |
| 2022 | 117.8 |
| 2021 | 128.7 |
| 2020 | 123.6 |
| 2019 | 112 |
| 2018 | 106.3 |
| 2017 | 108.5 |
| 2016 | 103.8 |
| 2015 | 100 |
| 2014 |
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 South Africa
- Tariff rate, applied, simple mean, manufactured products (%) — 7.7% (2022)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.18% (2022)
- Tariff rate, applied, weighted mean, manufactured products (%) — 5.31% (2022)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 7.06% (2022)
- Tariff rate, applied, simple mean, all products (%) — 7.31% (2022)
- Tariff rate, most favored nation, simple mean, all products (%) — 7.64% (2022)
- Tariff rate, applied, weighted mean, all products (%) — 4.66% (2022)
- Tariff rate, most favored nation, weighted mean, all products (%)
Reading data like this
Questions people ask
- What is South Africa's net barter terms of trade index (2015 = 100)?
- 117.1 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 46.93% from 79.7 in 2005 (2.05% a year on average, compounded). The highest value was 128.7 in 2021 and the lowest 79.7 in 2005.
- How does South Africa rank?
- 53rd highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for South Africa?
- In 2024, South Africa's net barter terms of trade index (2015 = 100) rose 3.9 on 2023 (from 113.2 to 117.1). Across the 18 yearly changes before that (2006 to 2023), the average change was +1.86 and a typical year strayed about 5.27 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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