Somalia - Net barter terms of trade index

Net barter terms of trade index (2000 = 100)

The latest value for Net barter terms of trade index (2000 = 100) in Somalia was 97.86 as of 2020. Over the past 20 years, the value for this indicator has fluctuated between 108.67 in 2006 and 89.73 in 2011.

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.

Source: United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.

See also:

Year Value
2000 100.00
2001 100.32
2002 99.35
2003 102.95
2004 104.34
2005 103.74
2006 108.67
2007 106.08
2008 102.12
2009 100.86
2010 93.31
2011 89.73
2012 96.60
2013 101.50
2014 102.18
2015 92.37
2016 94.54
2017 98.30
2018 97.64
2019 99.65
2020 97.86

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes