Korea - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Korea was -29,056,100,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 54,277,900,000,000 in 1995 and a minimum value of -70,394,400,000,000 in 2012.
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 |
|---|---|
| 1960 | 135,906,000,000 |
| 1961 | 138,519,000,000 |
| 1962 | 161,525,000,000 |
| 1963 | 276,383,000,000 |
| 1964 | 255,437,000,000 |
| 1965 | 376,886,000,000 |
| 1966 | 504,994,000,000 |
| 1967 | 657,328,000,000 |
| 1968 | 901,546,000,000 |
| 1969 | 1,148,570,000,000 |
| 1970 | 1,327,070,000,000 |
| 1971 | 1,571,120,000,000 |
| 1972 | 2,144,730,000,000 |
| 1973 | 3,161,230,000,000 |
| 1974 | 2,102,730,000,000 |
| 1975 | 1,771,470,000,000 |
| 1976 | 4,118,150,000,000 |
| 1977 | 5,785,880,000,000 |
| 1978 | 7,280,380,000,000 |
| 1979 | 7,179,820,000,000 |
| 1980 | 4,890,990,000,000 |
| 1981 | 4,620,910,000,000 |
| 1982 | 5,497,190,000,000 |
| 1983 | 7,155,410,000,000 |
| 1984 | 8,534,280,000,000 |
| 1985 | 8,357,880,000,000 |
| 1986 | 15,128,300,000,000 |
| 1987 | 21,000,200,000,000 |
| 1988 | 25,300,800,000,000 |
| 1989 | 27,339,100,000,000 |
| 1990 | 26,919,300,000,000 |
| 1991 | 30,731,300,000,000 |
| 1992 | 34,317,300,000,000 |
| 1993 | 39,240,400,000,000 |
| 1994 | 47,514,700,000,000 |
| 1995 | 54,277,900,000,000 |
| 1996 | 52,293,400,000,000 |
| 1997 | 49,766,500,000,000 |
| 1998 | 41,249,500,000,000 |
| 1999 | 40,556,900,000,000 |
| 2000 | 25,701,800,000,000 |
| 2001 | 18,699,200,000,000 |
| 2002 | 25,261,900,000,000 |
| 2003 | 24,001,300,000,000 |
| 2004 | 18,426,200,000,000 |
| 2005 | 6,611,120,000,000 |
| 2006 | -10,581,800,000,000 |
| 2007 | -13,362,700,000,000 |
| 2008 | -46,714,700,000,000 |
| 2009 | -30,235,000,000,000 |
| 2010 | -33,201,700,000,000 |
| 2011 | -66,426,600,000,000 |
| 2012 | -70,394,400,000,000 |
| 2013 | -59,444,100,000,000 |
| 2014 | -55,002,000,000,000 |
| 2015 | 0 |
| 2016 | 26,018,600,000,000 |
| 2017 | 28,316,800,000,000 |
| 2018 | 3,405,290,000,000 |
| 2019 | -42,415,000,000,000 |
| 2020 | -29,056,100,000,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
