Namibia: Terms of trade

* indicates monthly or quarterly data series
 Namibia

Terms of trade, base year = 2000

 Latest value 103.72
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 84.98
 Min - Max 59.68 - 109.57
 Source The United Nations
For that indicator, we provide data for Namibia from 1980 to 2021. The average value for Namibia during that period was 84.98 percent with a minimum of 59.68 percent in 1992 and a maximum of 109.57 percent in 2007. The latest value from 2021 is 103.72 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
Namibia - Terms of trade - Recent values chart

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




The terms of trade for Namibia 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 103.72 2021 percent
 Trade openness 91.77 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 36.74 2022 percent
 Exports, billion dollars 4.74 2022 billion U.S. dollars
 Growth of exports 20.01 2022 percent
 Imports, percent of GDP 55.03 2022 percent
 Imports, billion dollars 7.11 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 8.18 2022 percent
 Foreign Direct Investment, billion dollars 0.93 2022 billion U.S. dollars
 Portfolio investment inflows, equities 2.41 2022 million dollars (current)
 Current account, percent of GDP -8.40 2022 percent
 Current account, in dollars -1.63 2022 billion U.S. dollars
 Trade balance, percent of GDP -18.30 2022 percent
 Trade balance, in dollars -2.21 2022 billion U.S. dollars
 Reserves 2.80 2022 billion U.S. dollars
 Remittances, percent of GDP 0.42 2022 percent
 Remittances 53.84 2022 million U.S. dollars
 Net errors and omissions -120.38 2022 million USD
 Foreign exchange reserves 53.75 9/2023 billion
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