Micronesia Net Barter Terms of Trade Index

Micronesia Net Barter Terms of Trade Index data was reported at 97.881 2015=100 in 2021. This records a decrease from the previous number of 104.862 2015=100 for 2020. Micronesia Net Barter Terms of Trade Index data is updated yearly, averaging 93.798 2015=100 from Dec 2000 (Median) to 2021, with 22 observations. The data reached an all-time high of 109.443 2015=100 in 2016 and a record low of 79.179 2015=100 in 2012. Micronesia Net Barter Terms of Trade Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Micronesia – Table FM.World Bank.WDI: Trade Index. 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.;United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.;;

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