Definition: Terms of trade

SNA

The terms of trade are defined as the ratio of the price of exports to the price of imports (§ 15.187).

Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009

Created:
2010-05-03

Updated:
2019-05-10