Thursday, May 13, 2010

Barter Statistics


Australian barter exchanges enjoy an approximate 3.2% market penetration with estimated combined annual revenues of more than $238 million dollars per annum. In some states penetration is anywhere from 6.22% (QLD) through to 4.2% (NSW)2, yet the market is comprised of only two serious national players.



 Barter in one form or another, accounts for nearly 30 percent of the world’s total business.

 The National Association of Trade Exchanges, The International Journal of Hospitality Management and the Michigan State University together claim that approximately 70% of all Fortune 500 companies engage in barter .

 According to the Association of Advertising Agencies, eight out of ten corporations engage in barter .

 Approximately 65% of all New York Stock Exchange-listed companies engage in excess capacity / barter trade .

 In 1994, on the 60th anniversary of the Swiss WIR excess capacity trade system, annual volume in reached 2.5 billion Swiss Francs (over $2 billion US dollars) and boasted 80,000 members nationally . The WIR also enjoys a membership base of nearly 20% of all Swiss businesses in a country of only 7 million people .

 At its peak in 2001-2002, an estimated 6 to 10 million Argentines participated in the Red Global de Trueque barter system, including doctors, manufacturers, and even railways, turning over approximately 6 billion US dollars per annum in transactions and accounted for approximately 15% of Argentina’s mean personal income .

 According to the International Reciprocal Trade Association approximately 400,000 businesses engage in formalised barter in the United States .




Copying and distributing this article
Ormita provides free updates about the generic benefits of barter to those interested in local currency, community currency, countertrade, reciprocal trade, barter exchange, time dollars, hours and other forms of community trade vehicles.

You may freely copy and distribute this article provided that you attribute the author and/ or source as the Ormita Commerce Network.

About Ormita
The Ormita Commerce Network spans 5 continents, with direct representation in more than 17 countries plus additional partnerships in a further 59 countries. The business allows companies to exchange goods and services on a reciprocal trade arrangement.

Some of our Websites
Ormita Commerce Network Australia – www.ormita.com.au
Ormita Commerce Network Canada – www.ormita.ca
Ormita Commerce Network India – www.ormita.co.in
Ormita Commerce Network Mexico – www.ormita.com.mx
Ormita Commerce Network New Zealand – www.ormita.co.nz
Ormita Commerce Network United Kingdom – www.ormita.co.uk
Ormita Commerce Network United States of America (USA) – www.ormita.com

For Licensee, Franchise and Partnership Enquiries please visit : www.ormitacorporate.com