Nigeria - Net barter terms of trade index

Net barter terms of trade index (2000 = 100)

The latest value for Net barter terms of trade index (2000 = 100) in Nigeria was 115.48 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 224.35 in 2012 and 43.88 in 1998.

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.

Source: United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.

See also:

Year Value
1980 181.25
1981 192.00
1982 163.64
1983 155.17
1984 154.55
1985 143.48
1986 70.27
1987 72.60
1988 60.94
1989 75.71
1990 88.51
1991 74.39
1992 65.04
1993 59.41
1994 56.12
1995 55.56
1996 86.90
1997 65.09
1998 43.88
1999 59.60
2000 100.00
2001 90.59
2002 92.02
2003 101.56
2004 118.74
2005 156.29
2006 176.70
2007 176.96
2008 218.21
2009 154.56
2010 184.78
2011 219.16
2012 224.35
2013 223.16
2014 211.09
2015 142.96
2016 123.58
2017 146.25
2018 174.09
2019 158.72
2020 115.48

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes