Nigeria - Terms of trade adjustment
Terms of trade adjustment (constant LCU)
The value for Terms of trade adjustment (constant LCU) in Nigeria was -12,746,200,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 14,842,000,000,000 in 2006 and a minimum value of -15,962,300,000,000 in 2019.
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 |
|---|---|
| 1981 | 7,105,280,000,000 |
| 1982 | 4,966,140,000,000 |
| 1983 | 3,812,340,000,000 |
| 1984 | 4,818,110,000,000 |
| 1985 | 5,443,940,000,000 |
| 1986 | 105,093,000,000 |
| 1987 | -585,822,000,000 |
| 1988 | -987,975,000,000 |
| 1989 | 1,368,530,000,000 |
| 1990 | 822,611,000,000 |
| 1991 | 1,528,800,000,000 |
| 1992 | 1,272,060,000,000 |
| 1993 | 727,841,000,000 |
| 1994 | -913,575,000,000 |
| 1995 | -558,326,000,000 |
| 1996 | 1,246,720,000,000 |
| 1997 | 595,252,000,000 |
| 1998 | -2,248,980,000,000 |
| 1999 | -273,269,000,000 |
| 2000 | 4,431,450,000,000 |
| 2001 | 3,384,760,000,000 |
| 2002 | 3,778,310,000,000 |
| 2003 | 4,963,210,000,000 |
| 2004 | 4,791,980,000,000 |
| 2005 | 8,168,230,000,000 |
| 2006 | 14,842,000,000,000 |
| 2007 | 7,007,040,000,000 |
| 2008 | 4,984,940,000,000 |
| 2009 | -404,777,000,000 |
| 2010 | 0 |
| 2011 | -4,653,640,000,000 |
| 2012 | -2,504,020,000,000 |
| 2013 | -4,006,310,000,000 |
| 2014 | -6,001,380,000,000 |
| 2015 | -11,247,600,000,000 |
| 2016 | -14,638,000,000,000 |
| 2017 | -15,086,200,000,000 |
| 2018 | -13,217,500,000,000 |
| 2019 | -15,962,300,000,000 |
| 2020 | -12,746,200,000,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
