St. Kitts and Nevis: Net barter terms of trade index (2015 = 100)

Key figures

What the numbers say

In 2024, St. Kitts and Nevis' net barter terms of trade index (2015 = 100) rose 2.3 on 2023 (from 100.3 to 102.6).

Across the 18 yearly changes before that (2006 to 2023), the average change was −1.07 and a typical year strayed about 5.22 from that (the standard deviation). This year's change was 0.6 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 7 in 2016 and the biggest yearly fall was 11.2 in 2011. 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 10% 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, St. Kitts and Nevis had the 97th 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 St. Kitts and Nevis in the 2024 ranking

• Brunei Darussalam — 94th of 203: 103.2
• Benin — 95th of 203: 103
• Sierra Leone — 96th of 203: 103
• Serbia — 98th of 203: 102.5
• Germany — 99th of 203: 102.1
• Kiribati — 100th of 203: 101.7

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

• Antigua and Barbuda — 84 (2024)
• Argentina — 107 (2024)
• Aruba — 95.1 (2024)
• Bahamas, The — 96.5 (2024)
• Barbados — 95.7 (2024)
• Belize — 95.4 (2024)
• Bolivia — 84.9 (2024)
• Brazil — 120.8 (2024)
• British Virgin Islands — 59.5 (2024)
• Cayman Islands — 81.6 (2024)

More trade data for St. Kitts and Nevis

• Binding coverage, manufactured products (%) — 100% (2020)
• Bound rate, simple mean, manufactured products (%) — 71.09% (2020)
• Tariff rate, applied, simple mean, manufactured products (%) — 9.82% (2020)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 8.7% (2020)
• Tariff rate, applied, weighted mean, manufactured products (%) — 8.85% (2020)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 10.13% (2020)
• Binding coverage, all products (%) — 95.84% (2020)
• Bound rate, simple mean, all products (%) — 76.51% (2020)

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Questions people ask

What is St. Kitts and Nevis's net barter terms of trade index (2015 = 100)?

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

How has it changed since 2005?

It is down 14.14% from 119.5 in 2005 (0.8% a year on average, compounded). The highest value was 119.9 in 2006 and the lowest 96.6 in 2011.

How does St. Kitts and Nevis rank?

97th highest of 203 economies with data for 2024.

Is the latest change in net barter terms of trade index (2015 = 100) unusual for St. Kitts and Nevis?

In 2024, St. Kitts and Nevis' net barter terms of trade index (2015 = 100) rose 2.3 on 2023 (from 100.3 to 102.6). Across the 18 yearly changes before that (2006 to 2023), the average change was −1.07 and a typical year strayed about 5.22 from that (the standard deviation). This year's change was 0.6 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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