Faroe Islands FO: Net Barter Terms of Trade Index

Faroe Islands FO: Net Barter Terms of Trade Index data was reported at 119.779 2000=100 in 2016. This records an increase from the previous number of 111.304 2000=100 for 2015. Faroe Islands FO: Net Barter Terms of Trade Index data is updated yearly, averaging 100.473 2000=100 from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 119.779 2000=100 in 2016 and a record low of 94.456 2000=100 in 2005. Faroe Islands FO: 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 Faroe Islands – Table FO.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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