Belgium - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Belgium was 2,789,590,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 10,388,610,000 in 1998 and a minimum value of -5,034,046,000 in 2011.
Definition: The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1970 | 3,181,071,000 |
| 1971 | 2,617,365,000 |
| 1972 | 3,709,200,000 |
| 1973 | 4,761,828,000 |
| 1974 | 3,138,757,000 |
| 1975 | 2,087,914,000 |
| 1976 | 1,984,116,000 |
| 1977 | 2,450,058,000 |
| 1978 | 2,544,858,000 |
| 1979 | 2,825,860,000 |
| 1980 | -368,767,900 |
| 1981 | -3,354,846,000 |
| 1982 | -3,870,308,000 |
| 1983 | -4,192,228,000 |
| 1984 | -4,288,262,000 |
| 1985 | -3,563,024,000 |
| 1986 | 270,856,400 |
| 1987 | 1,321,051,000 |
| 1988 | 3,189,930,000 |
| 1989 | 4,477,042,000 |
| 1990 | 4,238,465,000 |
| 1991 | 4,455,406,000 |
| 1992 | 7,036,241,000 |
| 1993 | 9,190,876,000 |
| 1994 | 9,244,607,000 |
| 1995 | 9,547,267,000 |
| 1996 | 8,750,783,000 |
| 1997 | 8,980,496,000 |
| 1998 | 10,388,610,000 |
| 1999 | 9,003,785,000 |
| 2000 | 6,200,763,000 |
| 2001 | 6,359,658,000 |
| 2002 | 8,051,257,000 |
| 2003 | 7,526,961,000 |
| 2004 | 5,949,777,000 |
| 2005 | 4,447,572,000 |
| 2006 | 2,753,715,000 |
| 2007 | 3,348,784,000 |
| 2008 | -4,262,126,000 |
| 2009 | 3,877,814,000 |
| 2010 | -735,407,200 |
| 2011 | -5,034,046,000 |
| 2012 | -4,974,973,000 |
| 2013 | -3,919,958,000 |
| 2014 | -3,088,321,000 |
| 2015 | 0 |
| 2016 | 2,923,366,000 |
| 2017 | 1,267,266,000 |
| 2018 | -1,566,139,000 |
| 2019 | 1,235,238,000 |
| 2020 | 2,789,590,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
