North Macedonia - Terms of trade adjustment

Terms of trade adjustment (constant LCU)

The value for Terms of trade adjustment (constant LCU) in North Macedonia was 31,151,400,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 32,404,170,000 in 2019 and a minimum value of -33,624,370,000 in 1999.

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
1990 -10,946,560,000
1991 -3,589,018,000
1992 -6,402,430,000
1993 -7,850,401,000
1994 -5,169,724,000
1995 753,457,500
1996 -10,658,100,000
1997 -23,918,160,000
1998 -31,372,840,000
1999 -33,624,370,000
2000 -5,345,176,000
2001 -1,387,479,000
2002 -4,335,900,000
2003 -2,342,700,000
2004 -3,190,161,000
2005 0
2006 -1,543,916,000
2007 3,954,993,000
2008 1,051,936,000
2009 -2,256,480,000
2010 -1,015,779,000
2011 -6,274,167,000
2012 -4,746,902,000
2013 -4,758,036,000
2014 -1,647,802,000
2015 5,887,408,000
2016 18,766,940,000
2017 21,475,200,000
2018 29,938,930,000
2019 32,404,170,000
2020 31,151,400,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts