British Airways Business Magazine leads with an in-depth article on barter. Some great numbers here:
- 500,000 + companies across the world belong to a barter system
- One of its leading proponents is Bartercard, an Australian based
company with around 75,000 members worldwide.
- A$1.5bn was bartered in the
company’s marketplace last year.
- Goods are priced at their normal cash value and Bartercard’s cut is 6.5
per cent (5.5 per cent in cash and 1 per cent in trade) of the value of
each transaction to both parties.
- The US-based International Reciprocal Trade Association says that
American barter exchanges now stand at 250,000, up from 200,000 five
- Bob Meyer, the publisher of Barter News, told Forbes that he reckoned
that in the US a million small businesses bartered in some way and that
the transactions were worth $20bn annually.
- Meyer said he
expected barter to grow at 10 per cent this year (5 per cent is more
normal) as when cash is tight, interest in bartering increases.
- China signed a barter deal with the Democratic Republic of the Congo
worth $9bn — the largest ever. China committed to build the country
$6bn worth of infrastructure in return for a slice of its mineral
wealth. Both parties held the deal up as a win-win.