Norway - Terms of trade adjustment

Terms of trade adjustment (constant LCU)

The value for Terms of trade adjustment (constant LCU) in Norway was -238,565,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 252,447,000,000 in 2008 and a minimum value of -405,078,000,000 in 1998.

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
1970 -11,563,620,000
1971 -12,500,110,000
1972 -24,376,950,000
1973 -17,519,980,000
1974 -22,814,760,000
1975 -43,848,860,000
1976 -63,461,350,000
1977 -73,049,440,000
1978 -86,385,720,000
1979 -77,861,220,000
1980 -58,488,550,000
1981 -49,170,330,000
1982 -50,537,430,000
1983 -61,861,630,000
1984 -65,509,550,000
1985 -81,890,010,000
1986 -158,318,000,000
1987 -176,531,000,000
1988 -199,911,000,000
1989 -208,927,000,000
1990 -219,360,000,000
1991 -236,011,000,000
1992 -272,295,000,000
1993 -278,567,000,000
1994 -319,771,000,000
1995 -329,739,000,000
1996 -328,066,000,000
1997 -342,812,000,000
1998 -405,078,000,000
1999 -341,995,000,000
2000 -156,731,000,000
2001 -183,636,000,000
2002 -234,169,000,000
2003 -228,223,000,000
2004 -159,820,000,000
2005 -9,136,561,000
2006 123,406,000,000
2007 94,884,660,000
2008 252,447,000,000
2009 18,026,730,000
2010 92,872,910,000
2011 200,194,000,000
2012 240,385,000,000
2013 236,255,000,000
2014 158,984,000,000
2015 0
2016 -104,052,000,000
2017 -54,294,160,000
2018 51,945,710,000
2019 -48,430,070,000
2020 -238,565,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts