Net barter terms of trade index in Nigeria
Nigeria: Net barter terms of trade index was 127.1 2015 = 100 in 2024. ▼ Falling
Net barter terms of trade index in Nigeria, 2005–2024
Source: UN Conference on Trade and Development (UNCTAD). Measured in 2015 = 100.
Analysis
The most recent figure for net barter terms of trade index in Nigeria is 127.1 2015 = 100, measured in 2024.
Compared with earlier readings it is down 0.2% on the previous year and down 13.1% over ten years.
Over the whole period, net barter terms of trade index in Nigeria peaked at 155.1 2015 = 100 in 2008 and was at its lowest, 78.8 2015 = 100, in 2020.
Nigeria ranks 29th of 206 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Net barter terms of trade index in Nigeria, year by year
| Year | 2015 = 100 | Change |
|---|---|---|
| 2005 | 120.5 2015 = 100 | — |
| 2006 | 131.8 2015 = 100 | +9.4% |
| 2007 | 135.5 2015 = 100 | +2.8% |
| 2008 | 155.1 2015 = 100 | +14.5% |
| 2009 | 113 2015 = 100 | -27.1% |
| 2010 | 132.6 2015 = 100 | +17.3% |
| 2011 | 152 2015 = 100 | +14.6% |
| 2012 | 153 2015 = 100 | +0.7% |
| 2013 | 154.1 2015 = 100 | +0.7% |
| 2014 | 146.2 2015 = 100 | -5.1% |
| 2015 | 100 2015 = 100 | -31.6% |
| 2016 | 88.8 2015 = 100 | -11.2% |
| 2017 | 100.3 2015 = 100 | +13.0% |
| 2018 | 114.8 2015 = 100 | +14.5% |
| 2019 | 105.4 2015 = 100 | -8.2% |
| 2020 | 78.8 2015 = 100 | -25.2% |
| 2021 | 120.7 2015 = 100 | +53.2% |
| 2022 | 146.9 2015 = 100 | +21.7% |
| 2023 | 127.4 2015 = 100 | -13.3% |
| 2024 | 127.1 2015 = 100 | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 131.18 2015 = 100 | 113 2015 = 100 | 155.1 2015 = 100 | 5 |
| 2010s | 124.72 2015 = 100 | 88.8 2015 = 100 | 154.1 2015 = 100 | 10 |
| 2020s | 120.18 2015 = 100 | 78.8 2015 = 100 | 146.9 2015 = 100 | 5 |
Countries ranked near Nigeria
More private sector data for Nigeria
- Merchandise trade 33.3% (2025)
- Food imports 11.0% (2024)
- Manufactures imports 46.0% (2024)
- Merchandise imports 41.45 billion current US$ (2025)
- Food exports 6.0% (2024)
- Manufactures exports 3.5% (2024)
- Merchandise exports 55.47 billion current US$ (2025)
- Merchandise exports (current US$), per capita 233.52 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1907 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 4.03 % change on previous year (2025)
Frequently asked questions
- What is net barter terms of trade index in Nigeria?
- Net barter terms of trade index in Nigeria was 127.1 2015 = 100 in 2024, according to UN Conference on Trade and Development (UNCTAD).
- What is the highest net barter terms of trade index recorded in Nigeria?
- The highest recorded value was 155.1 2015 = 100 in 2008.
- What is the lowest net barter terms of trade index recorded in Nigeria?
- The lowest recorded value was 78.8 2015 = 100 in 2020.
- How does Nigeria rank for net barter terms of trade index?
- Nigeria ranks 29th out of 206 countries with data for 2024.
- Is net barter terms of trade index rising or falling in Nigeria?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is falling.
- Where does this Nigeria data come from?
- The figures come from UN Conference on Trade and Development (UNCTAD), published as part of Net barter terms of trade index (2015 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.