Iceland - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Iceland was -24,573,020,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 90,144,300,000 in 1998 and a minimum value of -99,284,570,000 in 2013.
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 | 19,352,700,000 |
| 1971 | 38,990,930,000 |
| 1972 | 39,575,000,000 |
| 1973 | 68,452,180,000 |
| 1974 | 48,730,220,000 |
| 1975 | 21,383,220,000 |
| 1976 | 44,453,860,000 |
| 1977 | 69,781,430,000 |
| 1978 | 81,317,490,000 |
| 1979 | 51,873,330,000 |
| 1980 | 42,842,760,000 |
| 1981 | 42,612,000,000 |
| 1982 | 36,334,580,000 |
| 1983 | 35,247,200,000 |
| 1984 | 38,621,870,000 |
| 1985 | 38,891,540,000 |
| 1986 | 65,369,480,000 |
| 1987 | 88,357,810,000 |
| 1988 | 81,210,610,000 |
| 1989 | 64,020,090,000 |
| 1990 | 54,552,500,000 |
| 1991 | 66,571,130,000 |
| 1992 | 62,779,400,000 |
| 1993 | 49,581,280,000 |
| 1994 | 55,594,050,000 |
| 1995 | 59,429,910,000 |
| 1996 | 47,643,310,000 |
| 1997 | 60,388,170,000 |
| 1998 | 90,144,300,000 |
| 1999 | 88,759,620,000 |
| 2000 | 75,732,040,000 |
| 2001 | 81,368,480,000 |
| 2002 | 88,508,740,000 |
| 2003 | 60,548,720,000 |
| 2004 | 54,888,400,000 |
| 2005 | 66,094,780,000 |
| 2006 | 85,317,080,000 |
| 2007 | 72,200,400,000 |
| 2008 | 12,979,410,000 |
| 2009 | -57,620,030,000 |
| 2010 | -19,312,670,000 |
| 2011 | -44,927,270,000 |
| 2012 | -75,466,760,000 |
| 2013 | -99,284,570,000 |
| 2014 | -69,788,480,000 |
| 2015 | 0 |
| 2016 | 35,341,520,000 |
| 2017 | 58,709,790,000 |
| 2018 | 5,678,203,000 |
| 2019 | -3,115,534,000 |
| 2020 | -24,573,020,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
