Terms of trade adjustment in Eritrea
Eritrea: Terms of trade adjustment was 0 constant LCU in 2011. ◆ Volatile
Terms of trade adjustment in Eritrea, 1992–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Eritrea recorded 0 constant LCU for terms of trade adjustment in 2011.
Compared with earlier readings it is up 100.0% on the previous year and down 100.0% over ten years.
Over the whole period, terms of trade adjustment in Eritrea peaked at 109.67 million constant LCU in 1994 and was at its lowest, -408.77 million constant LCU, in 2010.
That places Eritrea 100th out of 178 countries with data for 2011, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in Eritrea, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1992 | 25.52 million constant LCU | — |
| 1993 | 50.50 million constant LCU | +97.9% |
| 1994 | 109.67 million constant LCU | +117.2% |
| 1995 | 67.22 million constant LCU | -38.7% |
| 1996 | 52.10 million constant LCU | -22.5% |
| 1997 | 93.58 million constant LCU | +79.6% |
| 1998 | -9.04 million constant LCU | -109.7% |
| 1999 | -6.54 million constant LCU | -27.6% |
| 2000 | 0 constant LCU | -100.0% |
| 2001 | 36.27 million constant LCU | — |
| 2002 | 9.47 million constant LCU | -73.9% |
| 2003 | -103.08 million constant LCU | -1188.8% |
| 2004 | -167.82 million constant LCU | +62.8% |
| 2005 | -209.17 million constant LCU | +24.6% |
| 2006 | -320.68 million constant LCU | +53.3% |
| 2007 | -318.34 million constant LCU | -0.7% |
| 2008 | -259.42 million constant LCU | -18.5% |
| 2009 | -350.12 million constant LCU | +35.0% |
| 2010 | -408.77 million constant LCU | +16.8% |
| 2011 | 0 constant LCU | -100.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 47.88 million constant LCU | -9.04 million constant LCU | 109.67 million constant LCU | 8 |
| 2000s | -168.29 million constant LCU | -350.12 million constant LCU | 36.27 million constant LCU | 10 |
| 2010s | -204.39 million constant LCU | -408.77 million constant LCU | 0 constant LCU | 2 |
Countries ranked near Eritrea
- 97 Guam 1.01 million constant LCU compare
- 98 Bangladesh 39,501 constant LCU compare
- 99 San Marino 24.57 constant LCU
- 100 Vanuatu 0 constant LCU compare
- 100 Zambia 0 constant LCU compare
- 103 Turkmenistan -1.74 million constant LCU compare
More economy & growth data for Eritrea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- Gross domestic savings (current US$), annual growth rate 29.25 % change on previous year (2011)
- Gross domestic savings (current US$), per unit of GDP -0.2479 current US$ per US$ of GDP (2011)
- Gross domestic savings (current US$), per capita -170.72 current US$ per person (2011)
- Gross domestic savings (current LCU), annual growth rate 29.25 % change on previous year (2011)
- Gross domestic savings (current LCU), per unit of GDP -3.81 current LCU per US$ of GDP (2011)
- Gross domestic savings (current LCU), per capita -2,625 current LCU per person (2011)
- GNI, Atlas method (current US$), annual growth rate 18.91 % change on previous year (2011)
- GNI, Atlas method (current US$), per unit of GDP 0.9399 current US$ per US$ of GDP (2011)
Frequently asked questions
- What is terms of trade adjustment in Eritrea?
- Terms of trade adjustment in Eritrea was 0 constant LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Eritrea?
- The highest recorded value was 109.67 million constant LCU in 1994.
- What is the lowest terms of trade adjustment recorded in Eritrea?
- The lowest recorded value was -408.77 million constant LCU in 2010.
- How does Eritrea rank for terms of trade adjustment?
- Eritrea ranks 100th out of 178 countries with data for 2011.
- Is terms of trade adjustment rising or falling in Eritrea?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is volatile.
- Where does this Eritrea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.