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Economy, investment and finance

Data insights

Economic, investment and financial data provide vital measurements of economies' health, overall development and capacity for growth. This collection of thematic insights explores critical dimensions of national accounts, economic potential and price signals.

Commodity prices come down after 2022 spike, led by fuels

UNCTAD Commodity Price Index, 2015=100

UN Trade and Development, UNCTADstat.

Commodity prices dropped by nearly 24 per cent in 2023, attaining a similar level to 2021 after the 2022 peak. This drop was led by fuel prices which dropped by 32.1 per cent, while prices for the all food group only decreased by 8.5 per cent. Excluding fuels, overall prices have been broadly flat in the 2021–2023 period. 

Prices of minerals, ores and metals increased by 1.1 per cent in 2023, getting closer to the value of their 2021 peak.

Data updated on 5 Jul 2024

Mineral and agricultural product prices broadly growing year-on-year over last 12 months

Year-on-year growth of prices by commodity group, percentage

UN Trade and Development, UNCTADstat.

Looking at intra-annual trends, fuel prices continued to drop year-on-year between January 2023 and April 2024, before increasing in May–July and falling again in August.

Prices for the all food group have seen slow and steady year-on-year falls over the last 18 months. By contrast, year-on-year growth in prices of the minerals, ores and metals group as well as agricultural raw materials turned from negative into positive in mid-2023 and both have largely remained positive since.

Data updated on 8 Oct 2024

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