External balance on goods and services in Northern Mariana Islands
Northern Mariana Islands: External balance on goods and services was -520.00 million constant LCU in 2022. ◆ Volatile
External balance on goods and services in Northern Mariana Islands, 2012–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Northern Mariana Islands recorded -520.00 million constant LCU for external balance on goods and services in 2022.
That represents a change of up 17.3% on the previous year and down 425.3% over ten years.
Over the whole period, external balance on goods and services in Northern Mariana Islands peaked at -99.00 million constant LCU in 2012 and was at its lowest, -629.00 million constant LCU, in 2021.
That places Northern Mariana Islands 69th out of 162 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Northern Mariana Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2012 | -99.00 million constant LCU | — |
| 2013 | -128.00 million constant LCU | +29.3% |
| 2014 | -145.00 million constant LCU | +13.3% |
| 2015 | -248.00 million constant LCU | +71.0% |
| 2016 | -320.00 million constant LCU | +29.0% |
| 2017 | -99.00 million constant LCU | -69.1% |
| 2018 | -221.00 million constant LCU | +123.2% |
| 2019 | -348.00 million constant LCU | +57.5% |
| 2020 | -506.00 million constant LCU | +45.4% |
| 2021 | -629.00 million constant LCU | +24.3% |
| 2022 | -520.00 million constant LCU | -17.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -201.00 million constant LCU | -348.00 million constant LCU | -99.00 million constant LCU | 8 |
| 2020s | -551.67 million constant LCU | -629.00 million constant LCU | -506.00 million constant LCU | 3 |
Countries ranked near Northern Mariana Islands
More economy & growth data for Northern Mariana Islands
- GDP deflator 134.81 base year varies by country (2022)
- GDP 813.00 million constant LCU (2022)
- GDP growth 16.6% (2022)
- GDP 896.76 million constant 2015 US$ (2022)
- GDP (constant 2015 US$), per unit of GDP 0.8182 constant 2015 US$ per US$ of GDP (2022)
- GDP 1.10 billion current LCU (2022)
- GDP 1.10 billion current US$ (2022)
- External balance on goods and services -48.6% (2022)
- Trade 93.2% (2022)
- GDP (constant 2015 US$), annual growth rate 16.64 % change on previous year (2022)
Frequently asked questions
- What is external balance on goods and services in Northern Mariana Islands?
- External balance on goods and services in Northern Mariana Islands was -520.00 million constant LCU in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Northern Mariana Islands?
- The highest recorded value was -99.00 million constant LCU in 2012.
- What is the lowest external balance on goods and services recorded in Northern Mariana Islands?
- The lowest recorded value was -629.00 million constant LCU in 2021.
- How does Northern Mariana Islands rank for external balance on goods and services?
- Northern Mariana Islands ranks 69th out of 162 countries with data for 2022.
- Is external balance on goods and services rising or falling in Northern Mariana Islands?
- Over the last ten years it is down 425.3%. The long-run trend across the full record is volatile.
- Where does this Northern Mariana Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.