Vanuatu's net barter terms of trade index (2015 = 100) was 107.7 in 2024, the latest year in the World Bank's World Development Indicators. That is up 8.13% from 99.6 in 2014 (0.78% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 107.7 | 2024 |
| Five years earlier | 91.2 | 2019 |
| Ten years earlier | 99.6 | 2014 |
| Highest | 107.7 | 2024 |
| Lowest | 80.9 | 2008 |
| Average since 2015 | 96.32 | 2015–2024 |
| First recorded | 88.2 | 2005 |
What the numbers say
In 2024, Vanuatu's net barter terms of trade index (2015 = 100) rose 14.5 on 2023 (from 93.2 to 107.7).
Across the 18 yearly changes before that (2006 to 2023), the average change was +0.28 and a typical year strayed about 4.36 from that (the standard deviation). This year's change was 3.3 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 14.5 in 2024 and the biggest yearly fall was 6.6 in 2017. 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 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, Vanuatu had the 76th 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 | |
|---|---|---|
| Vanuatu | 107.7 | 2024 |
| World | 100.2 | 2024 |
Closest to Vanuatu in the 2024 ranking
- Slovenia — 73rd of 203: 108.3
- Congo, Rep. — 74th of 203: 108.2
- United Arab Emirates — 75th of 203: 107.8
- New Zealand — 77th of 203: 107.6
- Namibia — 78th of 203: 107.4
- Yemen, Rep. — 79th 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 | 107.7 |
| 2023 | 93.2 |
| 2022 | 89.8 |
| 2021 | 96.4 |
| 2020 | 99.1 |
| 2019 | 91.2 |
| 2018 | 93 |
| 2017 | 93.1 |
| 2016 | 99.7 |
| 2015 | 100 |
| 2014 |
Net barter terms of trade index (2015 = 100) in nearby economies
- American Samoa — 167.2 (2024)
- Australia — 160.5 (2024)
- Brunei Darussalam — 103.2 (2024)
- Cambodia — 88.8 (2024)
- China — 84.7 (2024)
- Fiji — 98.3 (2024)
- French Polynesia — 81 (2024)
- Guam — 109 (2024)
- Hong Kong SAR, China — 100.5 (2024)
- Indonesia — 110.2 (2024)
More trade data for Vanuatu
- Import volume index (2015 = 100) — 131.3 (2024)
- Import value index (2015 = 100) — 164.1 (2024)
- Export volume index (2015 = 100) — 116.8 (2024)
- Export value index (2015 = 100) — 157.2 (2024)
- Tariff rate, applied, simple mean, manufactured products (%) — 9.34% (2022)
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 7.62% (2022)
- Tariff rate, applied, weighted mean, manufactured products (%) — 9.11% (2022)
- Tariff rate, most favored nation, weighted mean, manufactured products (%) — 9.11% (2022)
- Tariff rate, applied, simple mean, all products (%) — 11.47% (2022)
Reading data like this
Questions people ask
- What is Vanuatu's net barter terms of trade index (2015 = 100)?
- 107.7 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 22.11% from 88.2 in 2005 (1.06% a year on average, compounded). The highest value was 107.7 in 2024 and the lowest 80.9 in 2008.
- How does Vanuatu rank?
- 76th highest of 203 economies with data for 2024.
- Is the latest change in net barter terms of trade index (2015 = 100) unusual for Vanuatu?
- In 2024, Vanuatu's net barter terms of trade index (2015 = 100) rose 14.5 on 2023 (from 93.2 to 107.7). Across the 18 yearly changes before that (2006 to 2023), the average change was +0.28 and a typical year strayed about 4.36 from that (the standard deviation). This year's change was 3.3 standard deviations above that average, so it was unusually large compared with the rest of the record.
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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