Barter facts & stats

Question 1

By 2008, the modern organized barter-exchange industry was estimated to move about how much value globally each year?

Accepted Answer

about $10 billion. More than 450,000 businesses worldwide were reportedly trading goods and services through formal barter exchanges rather than cash.

Question 2

By 2010, about how many U.S. businesses were estimated to be involved in barter exchange activity?

Accepted Answer

more than 450,000. Bartering through formal exchanges remained a surprisingly large, if largely invisible, slice of U.S. commerce.

Question 3

Brazil's well-known "Time Bank of Florianópolis," a barter-like time-trading network, was founded in which year?

Accepted Answer

2015. The initiative grew out of a local sustainability-focused community meeting and became one of Brazil's best-known time banks.

Question 4

In 2017, a startup called Nimses launched a time-based currency called the "nim." One nim represented how much time?

Accepted Answer

one minute. The idea behind Nimses was that a person's time itself could be traded like a currency, starting in Eastern Europe.

Barter facts & stats

Going deeper

By 2008, the modern organized barter-exchange industry was estimated to move about how much value globally each year?

In 2017, a startup called Nimses launched a time-based currency called the "nim." One nim represented how much time?

Expert level

By 2010, about how many U.S. businesses were estimated to be involved in barter exchange activity?

Brazil's well-known "Time Bank of Florianópolis," a barter-like time-trading network, was founded in which year?