Trinidad and Tobago - 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 Trinidad and Tobago was 126.53 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 175.93 in 1980 and 77.18 in 1988.

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 175.93
1981 171.69
1982 145.24
1983 143.10
1984 142.03
1985 137.01
1986 98.21
1987 89.96
1988 77.18
1989 84.74
1990 100.00
2000 100.00
2001 99.80
2002 93.68
2003 102.92
2004 107.27
2005 122.37
2006 138.13
2007 133.68
2008 154.38
2009 127.37
2010 124.77
2011 139.50
2012 145.71
2013 144.13
2014 146.79
2015 138.01
2016 127.21
2017 135.27
2018 142.05
2019 129.86
2020 126.53

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes