Venezuela - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Venezuela was 4,545,322,000 as of 2014. As the graph below shows, over the past 41 years this indicator reached a maximum value of 29,694,920,000 in 2008 and a minimum value of -6,109,152,000 in 1974.
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.
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
-10,000,000,000
0
10,000,000,000
20,000,000,000
30,000,000,000
40,000,000,000
| Year | Value |
|---|---|
| 1973 | -92,333,770 |
| 1974 | -6,109,152,000 |
| 1975 | -5,308,144,000 |
| 1976 | -4,944,964,000 |
| 1977 | -4,471,080,000 |
| 1978 | -5,013,302,000 |
| 1979 | -4,646,537,000 |
| 1980 | -1,709,422,000 |
| 1981 | -993,369,200 |
| 1982 | -1,289,807,000 |
| 1983 | -1,544,209,000 |
| 1984 | -1,213,249,000 |
| 1985 | -1,562,433,000 |
| 1986 | -4,185,144,000 |
| 1987 | -3,991,687,000 |
| 1988 | -4,575,922,000 |
| 1989 | -2,864,161,000 |
| 1990 | -3,296,868,000 |
| 1991 | -4,390,165,000 |
| 1992 | -4,417,957,000 |
| 1993 | -5,630,984,000 |
| 1994 | -5,702,312,000 |
| 1995 | -5,685,160,000 |
| 1996 | -4,900,807,000 |
| 1997 | 0 |
| 1998 | -3,241,093,000 |
| 1999 | -184,045,300 |
| 2000 | 5,202,934,000 |
| 2001 | 2,435,569,000 |
| 2002 | 3,881,970,000 |
| 2003 | 4,355,319,000 |
| 2004 | 9,723,979,000 |
| 2005 | 17,428,250,000 |
| 2006 | 22,061,130,000 |
| 2007 | 22,975,770,000 |
| 2008 | 29,694,920,000 |
| 2009 | 10,447,490,000 |
| 2010 | 26,772,390,000 |
| 2011 | 29,266,400,000 |
| 2012 | 24,778,330,000 |
| 2013 | 15,418,270,000 |
| 2014 | 4,545,322,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
