Gabon: Terms of trade

* indicates monthly or quarterly data series
 Gabon

Terms of trade, base year = 2000

 Latest value 120.49
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 120.69
 Min - Max 63.46 - 249.49
 Source The United Nations
For that indicator, we provide data for Gabon from 1980 to 2021. The average value for Gabon during that period was 120.69 percent with a minimum of 63.46 percent in 2001 and a maximum of 249.49 percent in 1981. The latest value from 2021 is 120.49 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Gabon - Terms of trade - Recent values chart

Historical chart
Gabon - Terms of trade - historical chart - 1980-2021




The terms of trade for Gabon are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
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 2015.


 Related indicators Latest value Reference Measure
 Terms of trade 120.49 2021 percent
 Trade openness 77.99 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 61.38 2022 percent
 Exports, billion dollars 12.93 2022 billion U.S. dollars
 Growth of exports 6.87 2022 percent
 Imports, percent of GDP 16.60 2022 percent
 Imports, billion dollars 3.50 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 5.24 2022 percent
 Foreign Direct Investment, billion dollars 1.10 2022 billion U.S. dollars
 Portfolio investment inflows, equities 4.38 2015 million dollars (current)
 Current account, percent of GDP -1.20 2022 percent
 Current account, in dollars 0.14 2015 billion U.S. dollars
 Trade balance, percent of GDP 44.78 2022 percent
 Trade balance, in dollars 0.34 2015 billion U.S. dollars
 Reserves 1.37 2019 billion U.S. dollars
 Remittances, percent of GDP 0.09 2022 percent
 Remittances 18.46 2022 million U.S. dollars
 Net errors and omissions 452.22 2015 million USD
 External debt 41.79 2022 percent
 Short-term external debt 4.08 2022 percent
 Short-term debt to reserves 26.22 2019 percent
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