Iraq - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Iraq was -39,178,100,000,000 as of 2019. As the graph below shows, over the past 12 years this indicator reached a maximum value of 18,074,500,000,000 in 2011 and a minimum value of -67,661,900,000,000 in 2016.
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 |
|---|---|
| 2007 | 0 |
| 2008 | 15,201,300,000,000 |
| 2009 | -16,982,500,000,000 |
| 2010 | -4,533,580,000,000 |
| 2011 | 18,074,500,000,000 |
| 2012 | 14,397,600,000,000 |
| 2013 | 10,024,600,000,000 |
| 2014 | -4,024,340,000,000 |
| 2015 | -60,274,300,000,000 |
| 2016 | -67,661,900,000,000 |
| 2017 | -50,769,900,000,000 |
| 2018 | -30,963,100,000,000 |
| 2019 | -39,178,100,000,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
