Korea - Terms of trade adjustment

Terms of trade adjustment (constant LCU)

The value for Terms of trade adjustment (constant LCU) in Korea was -29,056,100,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 54,277,900,000,000 in 1995 and a minimum value of -70,394,400,000,000 in 2012.

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 135,906,000,000
1961 138,519,000,000
1962 161,525,000,000
1963 276,383,000,000
1964 255,437,000,000
1965 376,886,000,000
1966 504,994,000,000
1967 657,328,000,000
1968 901,546,000,000
1969 1,148,570,000,000
1970 1,327,070,000,000
1971 1,571,120,000,000
1972 2,144,730,000,000
1973 3,161,230,000,000
1974 2,102,730,000,000
1975 1,771,470,000,000
1976 4,118,150,000,000
1977 5,785,880,000,000
1978 7,280,380,000,000
1979 7,179,820,000,000
1980 4,890,990,000,000
1981 4,620,910,000,000
1982 5,497,190,000,000
1983 7,155,410,000,000
1984 8,534,280,000,000
1985 8,357,880,000,000
1986 15,128,300,000,000
1987 21,000,200,000,000
1988 25,300,800,000,000
1989 27,339,100,000,000
1990 26,919,300,000,000
1991 30,731,300,000,000
1992 34,317,300,000,000
1993 39,240,400,000,000
1994 47,514,700,000,000
1995 54,277,900,000,000
1996 52,293,400,000,000
1997 49,766,500,000,000
1998 41,249,500,000,000
1999 40,556,900,000,000
2000 25,701,800,000,000
2001 18,699,200,000,000
2002 25,261,900,000,000
2003 24,001,300,000,000
2004 18,426,200,000,000
2005 6,611,120,000,000
2006 -10,581,800,000,000
2007 -13,362,700,000,000
2008 -46,714,700,000,000
2009 -30,235,000,000,000
2010 -33,201,700,000,000
2011 -66,426,600,000,000
2012 -70,394,400,000,000
2013 -59,444,100,000,000
2014 -55,002,000,000,000
2015 0
2016 26,018,600,000,000
2017 28,316,800,000,000
2018 3,405,290,000,000
2019 -42,415,000,000,000
2020 -29,056,100,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts