Indicator Definition:
Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2000. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year's trade values as weights.
The indicator "Net barter terms of trade index (2000 = 100)" stands at 94.50 as of 12/31/2023, the highest value since 12/31/2020.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 4.19 percent compared to the value the year prior.
The 1 year change in percent is 4.19.
The 3 year change in percent is 3.85.
The 5 year change in percent is -0.8395.
The 10 year change in percent is -7.80.
| Measure | Realization |
| Indicator Name: | Net barter terms of trade index (2000 = 100) |
| Indicator Source: | United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics. | macro-rankings.com |
| Indicator Description: | Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2000. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year's trade values as weights. |
| Observations Date: | 12/31/1985 |