BARTER BOOMS BIG - $35.7 BILLION IN TRADES

Press release from: NORTH AMERICAN BARTER ASSOCIATION

Today at a banquet of NABA members in Chicago, Research Director Shirley McBride announced that a new barter record of almost $36 Billion was set in North America. "This was a an incredible year for barter as we saw a major increase in the commercial segment of almost 12% over last year" she explained. She further went on to report that:

  • 1 in every six businesses undertook at least one barter transaction for the first time with intentions to do more in the future.
  • 1,845 new corporations had barter transactions exceeding $100,000.
  • 74% of all Fortune 500 companies utilized barter-up a whopping 14% from last year.
  • 93% of all small business owners (less than 25 employees) report experimenting with barter with a positive result.
  • Complaints in the barter industry actually dropped to 1.2% despite the big MBE fiasco.
  • The average dollar amount of commercial barter rose to $1,927.
  • Merchants reported saving an average of $327,000 using barter and saw and average cash flow increase of 18%.

"Needless to say, we are pleased to see the steady growth of barter in North America and we expect to see this growth extend internationally over the next three years".

NABA is a non-profit trade association of barter exchange operators and merchants devoted to the growth of commercial barter on a global basis. We strive to maintain high standards of integrity and ethics within the industry and offer arbitration and dispute resolution services within the industry.