Iceland - 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 Iceland was 80.20 as of 2020. Over the past 20 years, the value for this indicator has fluctuated between 103.48 in 2002 and 76.29 in 2013.

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
2000 100.00
2001 102.46
2002 103.48
2003 96.10
2004 93.60
2005 92.94
2006 99.14
2007 98.09
2008 87.93
2009 80.70
2010 87.30
2011 84.89
2012 80.09
2013 76.29
2014 79.54
2015 88.07
2016 86.42
2017 85.50
2018 82.68
2019 83.55
2020 80.20

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes