Terms of Trade for Goods for Guinea-Bissau
GNBTTTIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.74
Year-over-Year Change
-25.72%
Date Range
1/1/2000 - 1/1/2026
Summary
The Terms of Trade for Goods for Guinea-Bissau measures the ratio of export prices to import prices, providing insight into the country's trade dynamics and purchasing power in global markets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index tracks the relative strength of Guinea-Bissau's export prices compared to its import prices, offering an indicator of the nation's terms of trade and trade balance. Economists use this data to assess Guinea-Bissau's competitiveness and purchasing power in international trade.
Methodology
The data is calculated by the United Nations Conference on Trade and Development (UNCTAD) using reported trade statistics.
Historical Context
Policymakers in Guinea-Bissau monitor this metric to inform trade, fiscal, and exchange rate policies aimed at improving the country's economic position.
Key Facts
- Guinea-Bissau is a West African nation dependent on agricultural exports.
- The Terms of Trade index is base-year indexed, with 2015 = 100.
- Improving terms of trade can boost a country's purchasing power and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Terms of Trade for Goods for Guinea-Bissau measures the ratio of export prices to import prices, providing insight into the country's trade dynamics and purchasing power in global markets.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of Guinea-Bissau's competitiveness and trade balance, helping policymakers and economists assess the nation's economic position and inform relevant policies.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations Conference on Trade and Development (UNCTAD) using reported trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers in Guinea-Bissau monitor this metric to inform trade, fiscal, and exchange rate policies aimed at improving the country's economic position and trade dynamics.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodological practices of the compiling organization, UNCTAD.
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Citation
U.S. Federal Reserve, Terms of Trade for Goods for Guinea-Bissau (GNBTTTIX), retrieved from FRED.