United Arab Emirates's net barter terms of trade index (2015 = 100) was 107.8 in 2024, the latest year in the World Bank's World Development Indicators. That is down 11.86% from 122.3 in 2014 (1.25% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 107.8 | 2024 |
| Five years earlier | 101.7 | 2019 |
| Ten years earlier | 122.3 | 2014 |
| Highest | 130.1 | 2008 |
| Lowest | 90.6 | 2020 |
| Average since 2015 | 104.34 | 2015–2024 |
| First recorded | 104.8 | 2005 |
What the numbers say
In 2024, United Arab Emirates' net barter terms of trade index (2015 = 100) fell 3.3 on 2023 (from 111.1 to 107.8).
Across the 18 yearly changes before that (2006 to 2023), the average change was +0.35 and a typical year strayed about 12.29 from that (the standard deviation). This year's change was 0.3 standard deviations below 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 17.4 in 2021 and the biggest yearly fall was 26.1 in 2009. 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 1.76 a year. A straight line explains 35% 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, United Arab Emirates had the 75th 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 | |
|---|---|---|
| United Arab Emirates | 107.8 | 2024 |
| World | 100.2 | 2024 |
Closest to United Arab Emirates in the 2024 ranking
- Armenia — 72nd of 203: 108.3
- Slovenia — 73rd of 203: 108.3
- Congo, Rep. — 74th of 203: 108.2
- Vanuatu — 76th of 203: 107.7
- New Zealand — 77th of 203: 107.6
- Namibia — 78th of 203: 107.4
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 | 107.8 |
| 2023 | 111.1 |
| 2022 | 122.8 |
| 2021 | 108 |
| 2020 | 90.6 |
| 2019 | 101.7 |
| 2018 | 106.4 |
| 2017 | 100.2 |
| 2016 | 94.8 |
| 2015 | 100 |
| 2014 |
Net barter terms of trade index (2015 = 100) in nearby economies
- Afghanistan — 107.3 (2024)
- Algeria — 138.2 (2024)
- Bahrain — 123.4 (2024)
- Djibouti — 93.8 (2024)
- Egypt, Arab Rep. — 112.2 (2024)
- Iran, Islamic Rep. — 119.8 (2024)
- Iraq — 122.9 (2024)
- Israel — 93.3 (2024)
- Jordan — 93.3 (2024)
- Kuwait — 123.3 (2024)
- Lebanon
More trade data for United Arab Emirates
- Import volume index (2015 = 100) — 163.2 (2024)
- Import value index (2015 = 100) — 209.3 (2024)
- Export volume index (2015 = 100) — 145.8 (2024)
- Export value index (2015 = 100) — 201.6 (2024)
- Binding coverage, manufactured products (%) — 100% (2021)
- Bound rate, simple mean, manufactured products (%) — 12.62% (2021)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 4.64% (2021)
- Binding coverage, all products (%) — 99.98% (2021)
- Bound rate, simple mean, all products (%)
Reading data like this
Questions people ask
- What is United Arab Emirates's net barter terms of trade index (2015 = 100)?
- 107.8 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 2.86% from 104.8 in 2005 (0.15% a year on average, compounded). The highest value was 130.1 in 2008 and the lowest 90.6 in 2020.
- How does United Arab Emirates rank?
- 75th highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for United Arab Emirates?
- In 2024, United Arab Emirates' net barter terms of trade index (2015 = 100) fell 3.3 on 2023 (from 111.1 to 107.8). Across the 18 yearly changes before that (2006 to 2023), the average change was +0.35 and a typical year strayed about 12.29 from that (the standard deviation). This year's change was 0.3 standard deviations below 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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