Gibraltar: Terms of trade
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Gibraltar |
Terms of trade, base year = 2000 |
---|---|
Latest value | 79.42 |
Year | 2021 |
Measure | percent |
Data availability | 2000 - 2021 |
Average | 114.92 |
Min - Max | 79.42 - 183.42 |
Source | The United Nations |
The latest value from 2021 is 79.42 percent, a decline from 103.85 percent in 2020. In comparison, the world average is 109.62 percent, based on data from 189 countries. Historically, the average for Gibraltar from 2000 to 2021 is 114.92 percent. The minimum value, 79.42 percent, was reached in 2021 while the maximum of 183.42 percent was recorded in 2002.
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The terms of trade for Gibraltar 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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 79.42 | 2021 | percent |