Cuba - Terms of trade adjustment

Terms of trade adjustment (constant LCU)

The value for Terms of trade adjustment (constant LCU) in Cuba was 1,075,559,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 2,657,785,000 in 1985 and a minimum value of -4,222,096,000 in 2008.

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.

Year Value
1970 925,714,600
1971 1,005,477,000
1972 1,053,664,000
1973 1,088,807,000
1974 1,097,831,000
1975 1,208,818,000
1976 1,272,593,000
1977 1,378,653,000
1978 1,463,529,000
1979 1,472,843,000
1980 1,461,374,000
1981 1,685,432,000
1982 1,810,784,000
1983 1,894,342,000
1984 2,032,143,000
1985 2,657,785,000
1986 1,726,375,000
1987 1,901,738,000
1988 2,024,084,000
1989 2,047,145,000
1990 2,226,082,000
1991 95,234,400
1992 -999,010,500
1993 -463,981,100
1994 -32,969,780
1995 -70,367,430
1996 95,640,430
1997 100,000
1998 -423,092,700
1999 -577,330,900
2000 -1,245,011,000
2001 -1,265,676,000
2002 -1,127,909,000
2003 -601,522,200
2004 -467,178,100
2005 -1,242,890,000
2006 -866,254,300
2007 -1,082,295,000
2008 -4,222,096,000
2009 -3,586,567,000
2010 -875,999,300
2011 -2,720,443,000
2012 -2,003,996,000
2013 -2,145,551,000
2014 -978,285,200
2015 -753,788,400
2016 942,026,800
2017 1,014,805,000
2018 158,169,700
2019 299,096,000
2020 1,075,559,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts