External balance on goods and services in Northern Mariana Islands
Northern Mariana Islands: External balance on goods and services was -48.6% in 2022. ◆ Volatile
External balance on goods and services in Northern Mariana Islands, 2002–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services in Northern Mariana Islands is -48.6%, measured in 2022.
Compared with earlier readings it is up 27.3% on the previous year and down 266.5% over ten years.
Over the whole period, external balance on goods and services in Northern Mariana Islands peaked at 30.1% in 2002 and was at its lowest, -66.8%, in 2021.
Northern Mariana Islands ranks 186th of 193 countries on this measure, in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 2002 | 30.1% | — |
| 2003 | 27.8% | -7.9% |
| 2004 | 23.2% | -16.4% |
| 2005 | 17.2% | -26.1% |
| 2006 | 7.8% | -54.7% |
| 2007 | 5.1% | -34.2% |
| 2008 | 3.1% | -39.6% |
| 2009 | -6.0% | -295.5% |
| 2010 | -8.8% | +45.1% |
| 2011 | -18.1% | +106.7% |
| 2012 | -13.3% | -26.7% |
| 2013 | -15.9% | +20.1% |
| 2014 | -14.8% | -7.2% |
| 2015 | -16.8% | +13.7% |
| 2016 | -9.4% | -43.9% |
| 2017 | 7.2% | -176.1% |
| 2018 | -7.3% | -201.7% |
| 2019 | -19.8% | +170.6% |
| 2020 | -49.4% | +150.1% |
| 2021 | -66.8% | +35.3% |
| 2022 | -48.6% | -27.3% |
Northern Mariana Islands compared with similar countries
- Northern Mariana Islands's -48.6% is below the median for high income countries, which is 2.2%. (72 countries reporting)
- Northern Mariana Islands's -48.6% is below the median for East Asia & Pacific, which is -9.4%, 5.2× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.5% | -6.0% | 30.1% | 8 |
| 2010s | -11.7% | -19.8% | 7.2% | 10 |
| 2020s | -55.0% | -66.8% | -48.6% | 3 |
Countries ranked near Northern Mariana Islands
- 183 Naoero -41.9% compare
- 184 Tonga -43.8% compare
- 185 Marshall Islands -43.8% compare
- 187 Micronesia, Federated States of -48.8% compare
- 188 Afghanistan -52.4%
- 189 Lesotho -54.9% compare
More economy & growth data for Northern Mariana Islands
- External balance on goods and services as a percent of GDP -48.6% (2022)
- Households and NPISHs Final consumption expenditure (current LCU) 0.6624 current LCU per US$ of GDP (2022)
- Households and NPISHs Final consumption expenditure (current LCU) 15,756 current LCU per person (2022)
- Households and NPISHs Final consumption expenditure (constant 2015) -3.31 % change on previous year (2022)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5844 constant 2015 US$ per US$ of GDP (2022)
- GDP (current US$), annual growth rate 19.91 % change on previous year (2022)
- Imports of goods and services (current LCU), per capita 16,863 current LCU per person (2022)
- Exports of goods and services (current US$), per capita 5,295 current US$ per person (2022)
- Exports of goods and services (current US$), per unit of GDP 0.2226 current US$ per US$ of GDP (2022)
- GDP deflator (base year varies by country), annual growth rate 2.8 % 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 -48.6% 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 30.1% in 2002.
- What is the lowest external balance on goods and services recorded in Northern Mariana Islands?
- The lowest recorded value was -66.8% in 2021.
- How does Northern Mariana Islands rank for external balance on goods and services?
- Northern Mariana Islands ranks 186th out of 193 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 266.5%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.