Turks and Caicos Islands's net barter terms of trade index (2015 = 100) was 101.1 in 2024, the latest year in the World Bank's World Development Indicators. That is down 2.6% from 103.8 in 2014 (0.26% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 101.1 | 2024 |
| Five years earlier | 99.5 | 2019 |
| Ten years earlier | 103.8 | 2014 |
| Highest | 119.8 | 2022 |
| Lowest | 65.4 | 2011 |
| Average since 2015 | 98.06 | 2015–2024 |
| First recorded | 94.7 | 2005 |
What the numbers say
In 2024, Turks and Caicos Islands' net barter terms of trade index (2015 = 100) rose 12.3 on 2023 (from 88.8 to 101.1).
Across the 18 yearly changes before that (2006 to 2023), the average change was −0.33 and a typical year strayed about 15.65 from that (the standard deviation). This year's change was 0.8 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 28.9 in 2013 and the biggest yearly fall was 31 in 2023. 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 less than 1% 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, Turks and Caicos Islands had the 102nd 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 | |
|---|---|---|
| Turks and Caicos Islands | 101.1 | 2024 |
| World | 100.2 | 2024 |
Closest to Turks and Caicos Islands in the 2024 ranking
- Kiribati — 100th of 203: 101.7
- Malta — 101st of 203: 101.2
- Lithuania — 102nd of 203: 101.1
- Faroe Islands — 104th of 203: 101
- Czechia — 105th of 203: 100.6
- Hong Kong SAR, China — 106th of 203: 100.5
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 | 101.1 |
| 2023 | 88.8 |
| 2022 | 119.8 |
| 2021 | 98.1 |
| 2020 | 78.5 |
| 2019 | 99.5 |
| 2018 | 98.2 |
| 2017 | 100.3 |
| 2016 | 96.3 |
| 2015 | 100 |
| 2014 |
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 Turks and Caicos Islands
- Import volume index (2015 = 100) — 76.8 (2024)
- Import value index (2015 = 100) — 100.3 (2024)
- Export volume index (2015 = 100) — 68.4 (2024)
- Export value index (2015 = 100) — 90.3 (2024)
Every indicator for Turks and Caicos Islands is on the Turks and Caicos Islands data page.
Reading data like this
Questions people ask
- What is Turks and Caicos Islands's net barter terms of trade index (2015 = 100)?
- 101.1 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 6.76% from 94.7 in 2005 (0.34% a year on average, compounded). The highest value was 119.8 in 2022 and the lowest 65.4 in 2011.
- How does Turks and Caicos Islands rank?
- 102nd highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for Turks and Caicos Islands?
- In 2024, Turks and Caicos Islands' net barter terms of trade index (2015 = 100) rose 12.3 on 2023 (from 88.8 to 101.1). Across the 18 yearly changes before that (2006 to 2023), the average change was −0.33 and a typical year strayed about 15.65 from that (the standard deviation). This year's change was 0.8 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in