Greenland - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Greenland was 1,952,865,000 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 2,264,797,000 in 2018 and a minimum value of -274,606,100 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 |
|---|---|
| 2003 | 670,132,900 |
| 2004 | 564,265,600 |
| 2005 | 307,456,100 |
| 2006 | 433,804,900 |
| 2007 | 72,219,760 |
| 2008 | -274,606,100 |
| 2009 | -44,897,200 |
| 2010 | 0 |
| 2011 | 213,677,300 |
| 2012 | 448,657,400 |
| 2013 | 456,710,500 |
| 2014 | 315,010,800 |
| 2015 | 1,216,508,000 |
| 2016 | 1,798,049,000 |
| 2017 | 1,996,480,000 |
| 2018 | 2,264,797,000 |
| 2019 | 1,952,865,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
