Belgium - Terms of trade adjustment

Terms of trade adjustment (constant LCU)

The value for Terms of trade adjustment (constant LCU) in Belgium was 2,671,972,000 as of 2016. As the graph below shows, over the past 56 years this indicator reached a maximum value of 10,244,670,000 in 1998 and a minimum value of -4,078,666,000 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
1960 1,481,976,000
1961 1,081,840,000
1962 1,257,909,000
1963 774,899,500
1964 1,179,337,000
1965 1,688,846,000
1966 2,024,205,000
1967 2,099,715,000
1968 2,172,643,000
1969 3,268,708,000
1970 3,181,959,000
1971 2,641,214,000
1972 3,709,565,000
1973 4,745,029,000
1974 3,179,913,000
1975 2,151,400,000
1976 2,067,894,000
1977 2,521,847,000
1978 2,617,023,000
1979 2,899,722,000
1980 -191,166,300
1981 -3,074,429,000
1982 -3,568,354,000
1983 -3,875,173,000
1984 -3,956,393,000
1985 -3,254,123,000
1986 460,241,800
1987 1,486,095,000
1988 3,314,181,000
1989 4,577,990,000
1990 4,358,460,000
1991 4,576,223,000
1992 7,082,798,000
1993 9,166,077,000
1994 9,240,908,000
1995 9,548,554,000
1996 8,726,606,000
1997 8,866,497,000
1998 10,244,670,000
1999 8,988,340,000
2000 6,301,649,000
2001 6,453,604,000
2002 8,150,239,000
2003 7,487,346,000
2004 5,777,299,000
2005 4,311,199,000
2006 2,671,737,000
2007 3,244,635,000
2008 -4,078,666,000
2009 4,041,359,000
2010 0
2011 -3,519,199,000
2012 -3,901,954,000
2013 -3,233,630,000
2014 -2,758,372,000
2015 164,819,600
2016 2,671,972,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts