National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Index of terms of trade, index

Index refers to the variation of, for example, prices or wages as compared with a chosen base period. The base period is often represented by 100. The index acts as a statistical yardstick which is expressed in terms of percentages. Thus, an index number of 146 would indicate that the current period is 46% higher than in the base period.

Terms of trade refers to the ratio of the price of exports to the price of imports.

The data for this variable are reported using the following measurements:

• Index using the value of a base year made equal to 100
  Data tables

  • Gross national income and gross domestic income Table: 380-0065
  • Gross national income and gross domestic income Table: 380-0101