Terms of trade adjustment in Kiribati
Kiribati: Terms of trade adjustment was 3.53 million constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Kiribati, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Kiribati recorded 3.53 million constant LCU for terms of trade adjustment in 2024.
Compared with earlier readings it is up 100.4% on the previous year and up 356.1% over ten years.
Over the whole period, terms of trade adjustment in Kiribati peaked at 5.72 million constant LCU in 2017 and was at its lowest, -2.21 million constant LCU, in 2009.
Kiribati ranks 95th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in Kiribati, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | -1.06 million constant LCU | — |
| 1981 | -668,548 constant LCU | -37.1% |
| 1982 | -620,480 constant LCU | -7.2% |
| 1983 | -641,528 constant LCU | +3.4% |
| 1984 | -990,435 constant LCU | +54.4% |
| 1985 | -664,328 constant LCU | -32.9% |
| 1986 | -705,472 constant LCU | +6.2% |
| 1987 | -604,892 constant LCU | -14.3% |
| 1988 | -484,885 constant LCU | -19.8% |
| 1989 | -472,464 constant LCU | -2.6% |
| 1990 | -403,354 constant LCU | -14.6% |
| 1991 | -460,754 constant LCU | +14.2% |
| 1992 | -445,524 constant LCU | -3.3% |
| 1993 | -439,270 constant LCU | -1.4% |
| 1994 | -426,403 constant LCU | -2.9% |
| 1995 | -454,627 constant LCU | +6.6% |
| 1996 | -306,930 constant LCU | -32.5% |
| 1997 | -451,983 constant LCU | +47.3% |
| 1998 | -416,631 constant LCU | -7.8% |
| 1999 | -443,788 constant LCU | +6.5% |
| 2000 | -304,934 constant LCU | -31.3% |
| 2001 | -400,895 constant LCU | +31.5% |
| 2002 | -512,517 constant LCU | +27.8% |
| 2003 | -460,597 constant LCU | -10.1% |
| 2004 | -321,484 constant LCU | -30.2% |
| 2005 | -392,720 constant LCU | +22.2% |
| 2006 | -284,016 constant LCU | -27.7% |
| 2007 | 2.01 million constant LCU | -808.3% |
| 2008 | 1.35 million constant LCU | -33.0% |
| 2009 | -2.21 million constant LCU | -263.9% |
| 2010 | -217,173 constant LCU | -90.2% |
| 2011 | 2.46 million constant LCU | -1232.8% |
| 2012 | -370,029 constant LCU | -115.0% |
| 2013 | -433,077 constant LCU | +17.0% |
| 2014 | 773,975 constant LCU | -278.7% |
| 2015 | 277,724 constant LCU | -64.1% |
| 2016 | 2.89 million constant LCU | +940.3% |
| 2017 | 5.72 million constant LCU | +98.1% |
| 2018 | 718,731 constant LCU | -87.4% |
| 2019 | 0 constant LCU | -100.0% |
| 2020 | 1.57 million constant LCU | — |
| 2021 | 1.97 million constant LCU | +25.6% |
| 2022 | 2.73 million constant LCU | +38.4% |
| 2023 | 1.76 million constant LCU | -35.5% |
| 2024 | 3.53 million constant LCU | +100.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -691,620 constant LCU | -1.06 million constant LCU | -472,464 constant LCU | 10 |
| 1990s | -424,926 constant LCU | -460,754 constant LCU | -306,930 constant LCU | 10 |
| 2000s | -152,697 constant LCU | -2.21 million constant LCU | 2.01 million constant LCU | 10 |
| 2010s | 1.18 million constant LCU | -433,077 constant LCU | 5.72 million constant LCU | 10 |
| 2020s | 2.31 million constant LCU | 1.57 million constant LCU | 3.53 million constant LCU | 5 |
Countries ranked near Kiribati
- 92 East Timor 54.94 million constant LCU compare
- 93 Northern Mariana Islands 29.53 million constant LCU compare
- 94 American Samoa 3.96 million constant LCU compare
- 96 Marshall Islands 1.56 million constant LCU compare
- 97 Guam 1.01 million constant LCU compare
- 98 Bangladesh 39,501 constant LCU compare
More economy & growth data for Kiribati
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6343 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.11 Percent per annum (2029)
- GDP (current US$), annual growth rate 1.77 % change on previous year (2025)
- GDP (current US$), per capita 2,559 current US$ per person (2025)
- GDP (current LCU), annual growth rate 4.23 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 1.55 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 3,971 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 4.22 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8241 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,109 constant 2015 US$ per person (2025)
Frequently asked questions
- What is terms of trade adjustment in Kiribati?
- Terms of trade adjustment in Kiribati was 3.53 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Kiribati?
- The highest recorded value was 5.72 million constant LCU in 2017.
- What is the lowest terms of trade adjustment recorded in Kiribati?
- The lowest recorded value was -2.21 million constant LCU in 2009.
- How does Kiribati rank for terms of trade adjustment?
- Kiribati ranks 95th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Kiribati?
- Over the last ten years it is up 356.1%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. 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.