Latvia - 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 Latvia was 109.27 as of 2020. Over the past 20 years, the value for this indicator has fluctuated between 109.27 in 2020 and 100.00 in 2000.

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 101.18
2002 104.59
2003 103.99
2004 106.55
2005 103.55
2006 102.45
2007 107.95
2008 103.60
2009 103.51
2010 106.07
2011 104.83
2012 101.93
2013 103.21
2014 103.62
2015 105.11
2016 106.84
2017 105.54
2018 107.55
2019 107.91
2020 109.27

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes