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Keyword : unit value index
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unit value index

The Procedure used to derive Unit Value Index is as follows:

  1. Compute unit values for each selected SITC commodity item;
  2. Compute unit values relatives;
  3. Compute value weights;
  4. Multiply each relative by the corresponding weight;
  5. Total the production; 
  6. Divide these totals by the sum of the weights. 

Source : External Sector
Source Detail : External Trade Indices