Montenegro - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Montenegro was 97,062,730 as of 2020. As the graph below shows, over the past 14 years this indicator reached a maximum value of 254,233,300 in 2019 and a minimum value of -64,196,880 in 2006.
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 |
|---|---|
| 2006 | -64,196,880 |
| 2007 | -16,461,110 |
| 2008 | -40,849,020 |
| 2009 | -10,253,840 |
| 2010 | 0 |
| 2011 | -31,493,580 |
| 2012 | -52,643,300 |
| 2013 | -13,795,810 |
| 2014 | 8,409,477 |
| 2015 | 44,407,200 |
| 2016 | 58,542,890 |
| 2017 | 141,440,200 |
| 2018 | 205,662,800 |
| 2019 | 254,233,300 |
| 2020 | 97,062,730 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
