Terms of Trade

The terms of trade (TOT) is the relative price of exports in terms of imports and is defined as the ratio of export prices to import prices. It can be interpreted as the amount of import goods an economy can purchase per unit of export goods. An improvement of a nation's terms of trade benefits that country in the sense that it can buy more imports for any given level of exports. The terms of trade may be influenced by the exchange rate because a rise in the value of a country's currency lowers the domestic prices of its imports …

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Individual Contributors to Policy Commons · 24 May 2024 English

So the election is here, and it is one of the strangest there has been. For months now it has seemed overdue, yet its sudden, unexpected announcement for July makes …

did not entail a downgrade from the previous terms of trade. Though, actually, that isn’t quite the most


CIGS: Canon Institute for Global Studies · 20 May 2024 Japanese

The high vacancy posting in the non-tradable sector, coupled with the rise in the disutility of working in the tradable sector, moves unemployed workers from the tradable to the non-tradable …

that improvements in commodity prices and the terms of trade generate long-lasting changes that may trigger prices that is one of the determinants of the terms of trade and the steady state of the economy. As in prices that is one of the determinants the terms of trade and the steady state of the economy. As in Daniel Rees, “Unprecedented changes in the terms of trade,” Jour- nal of International Economics, September


RIA: Research ICT Africa · 18 May 2024 English

In the long tradition of understanding the key policy issues of the day through a political economy lens, the primer is the outcome of an internal seminar and learning series, …

within the global economic system as well as the terms of trade deals, redress, debt relief and development


IMF: International Monetary Fund · 15 May 2024 English

Selected Issues

prices can mitigate the adverse impact from terms-of-trade shocks and reduce inflation volatility, thus


World Bank Group · 15 May 2024 English

Increased fiscal deficits and unfavorable terms of trade for oil-importing economies such as Senegal


IMF: International Monetary Fund · 15 May 2024 English

Delays in investment projects lowered growth to 3.4 percent in 2023 despite a solid rebound in tourism. Revenues from the citizenship by investment (CBI) program were 22 percent of GDP …

costs, and make the country less vulnerable to terms of trade shocks (see Annex VI). OUTLOOK AND RISKS


IMF: International Monetary Fund · 14 May 2024 English

Slovenia has weathered the pandemic and the energy price shocks well, but long-term challenges remain. Ageing of Slovenia’s population is a challenge, and private investment has softened over the past …

import volumes and a modest improvement in the terms of trade. The CAB is stronger than the norm suggested 8.7 9.0 5.9 2.3 6.8 5.3 4.7 4.7 4.7 4.7 4.7 Terms of trade (goods and services) 0.6 0.8 -2.1 -3.1 2.8 -11.1 26.0 30.3 -8.9 8.2 7.3 5.6 5.9 6.2 6.3 Terms of trade, goods (percent change) 0.4 0.8 -2.3 -2.9 2 negative balance because of worsening of the terms- of-trade) continue to increase the NIIP over time.


AFRODAD: African Forum and Network on Debt and Development · 14 May 2024 English

A country is considered to be “in debt distress” when the present value of debt to GDP and exports ratio and debt service ratios significantly breach the respective thresholds, and …

adverse effects of the global financial crisis, terms of trade shocks, currency depreciation, low global interest adverse effects of the global financial crisis, terms of trade shocks, currency depreciation, low global interest


Resolution Foundation · 14 May 2024 English

FIGURE 5: The UK terms of trade have rebounded from the energy price shock The terms of trade and the relative price of gross value-added to CPIH 1.2 1.15 1.1 1.05 1 0.95 Terms of trade 0.9 Relative price price relative to the goods we import, is one reason why there has been an upward trend in the terms of trade over the whole of the period shown in Figure 5.3 3 This is important when we are thinking about related to the terms of trade, and it has actually fallen in recent quarters.4 The share of output going to workers is close to recent historical averages Movements in the terms of trade are to some extent

growth (Figure 3). The other factors (e.g. the terms of trade) have weaker trends, if any, or (like the labour QUARTERLY BRIEFING Q2 2023 6 The rebound in the terms of trade has boosted the purchasing power of wages The FIGURE 5: The UK terms of trade have rebounded from the energy price shock The terms of trade and the relative value-added to CPIH 1.2 1.15 1.1 1.05 1 0.95 Terms of trade 0.9 Relative price of GVA to CPIH 0.85 0.8 gross value added deflator (CGBV) to CPIH. The terms of trade is the ratio of (goods and services) export


World Bank Group · 14 May 2024 English

Increased fiscal deficits and unfavorable terms of trade for oil-importing economies such as Senegal


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