Venezuela - 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 Venezuela was 144.19 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 458.57 in 2013 and 50.98 in 1998.

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 154.12
1981 157.95
1982 145.05
1983 154.55
1984 144.30
1985 143.06
1986 76.32
1987 89.16
1988 67.39
1989 77.42
1990 89.58
1991 73.20
1992 69.00
1993 64.00
1994 63.37
1995 63.39
1996 73.39
1997 70.87
1998 50.98
1999 68.00
2000 100.00
2001 81.63
2002 86.08
2003 100.93
2004 138.24
2005 195.53
2006 247.71
2007 293.69
2008 446.61
2009 272.87
2010 364.44
2011 447.02
2012 455.56
2013 458.57
2014 398.96
2015 218.92
2016 185.46
2017 205.01
2018 217.13
2019 186.48
2020 144.19

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes