Terms of trade, base year = 2000, 2020 - Country rankings:
The average for 2020 based on 188 countries was 117.11 percent.The highest value was in Nicaragua: 277.88 percent and the lowest value was in Sierra Leone: 47.47 percent. The indicator is available from 1980 to 2020. Below is a chart for all countries where data are available.
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.