Terms of trade adjustment in Macao
Macao: Terms of trade adjustment was -2.30 billion constant LCU in 2025. ◆ Volatile
Terms of trade adjustment in Macao, 1982–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Macao recorded -2.30 billion constant LCU for terms of trade adjustment in 2025.
That represents a change of down 38.6% on the previous year and up 76.8% over ten years.
Over the whole period, terms of trade adjustment in Macao peaked at 2.96 billion constant LCU in 2019 and was at its lowest, -65.83 billion constant LCU, in 2011.
That places Macao 123rd out of 178 countries with data for 2025, putting it 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 Macao, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1982 | -16.81 billion constant LCU | — |
| 1983 | -18.26 billion constant LCU | +8.7% |
| 1984 | -20.03 billion constant LCU | +9.7% |
| 1985 | -19.02 billion constant LCU | -5.0% |
| 1986 | -19.55 billion constant LCU | +2.8% |
| 1987 | -22.04 billion constant LCU | +12.7% |
| 1988 | -22.45 billion constant LCU | +1.8% |
| 1989 | -23.36 billion constant LCU | +4.0% |
| 1990 | -23.38 billion constant LCU | +0.1% |
| 1991 | -21.49 billion constant LCU | -8.1% |
| 1992 | -19.56 billion constant LCU | -9.0% |
| 1993 | -18.82 billion constant LCU | -3.8% |
| 1994 | -19.92 billion constant LCU | +5.9% |
| 1995 | -18.61 billion constant LCU | -6.6% |
| 1996 | -19.34 billion constant LCU | +3.9% |
| 1997 | -19.87 billion constant LCU | +2.8% |
| 1998 | -19.87 billion constant LCU | -0.0% |
| 1999 | -18.60 billion constant LCU | -6.4% |
| 2000 | -22.60 billion constant LCU | +21.5% |
| 2001 | -23.38 billion constant LCU | +3.4% |
| 2002 | -25.53 billion constant LCU | +9.2% |
| 2003 | -27.94 billion constant LCU | +9.4% |
| 2004 | -37.35 billion constant LCU | +33.7% |
| 2005 | -37.24 billion constant LCU | -0.3% |
| 2006 | -38.58 billion constant LCU | +3.6% |
| 2007 | -42.60 billion constant LCU | +10.4% |
| 2008 | -43.67 billion constant LCU | +2.5% |
| 2009 | -38.12 billion constant LCU | -12.7% |
| 2010 | -52.69 billion constant LCU | +38.2% |
| 2011 | -65.83 billion constant LCU | +24.9% |
| 2012 | -64.29 billion constant LCU | -2.3% |
| 2013 | -51.22 billion constant LCU | -20.3% |
| 2014 | -26.18 billion constant LCU | -48.9% |
| 2015 | -9.93 billion constant LCU | -62.1% |
| 2016 | -8.97 billion constant LCU | -9.7% |
| 2017 | -9.21 billion constant LCU | +2.7% |
| 2018 | -4.06 billion constant LCU | -55.9% |
| 2019 | 2.96 billion constant LCU | -173.0% |
| 2020 | -1.63 billion constant LCU | -155.1% |
| 2021 | -10.20 billion constant LCU | +525.1% |
| 2022 | -7.23 billion constant LCU | -29.1% |
| 2023 | 0 constant LCU | -100.0% |
| 2024 | -1.66 billion constant LCU | — |
| 2025 | -2.30 billion constant LCU | +38.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -20.19 billion constant LCU | -23.36 billion constant LCU | -16.81 billion constant LCU | 8 |
| 1990s | -19.95 billion constant LCU | -23.38 billion constant LCU | -18.60 billion constant LCU | 10 |
| 2000s | -33.70 billion constant LCU | -43.67 billion constant LCU | -22.60 billion constant LCU | 10 |
| 2010s | -28.94 billion constant LCU | -65.83 billion constant LCU | 2.96 billion constant LCU | 10 |
| 2020s | -3.84 billion constant LCU | -10.20 billion constant LCU | 0 constant LCU | 6 |
Countries ranked near Macao
More economy & growth data for Macao
- GNI (current US$), per unit of GDP 0.9881 current US$ per US$ of GDP (2024)
- Net primary income (Net income from abroad) (current LCU), annual 56.57 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 56.43 % change on previous year (2024)
- GNI (current LCU), per capita 571,780 current LCU per person (2024)
- GNI (current LCU), per unit of GDP 7.94 current LCU per US$ of GDP (2024)
- GNI (current LCU), annual growth rate 10.04 % change on previous year (2024)
- GNI (current US$), per capita 71,145 current US$ per person (2024)
- Gross domestic savings (current LCU), per capita 351,566 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 9.23 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.971 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is terms of trade adjustment in Macao?
- Terms of trade adjustment in Macao was -2.30 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Macao?
- The highest recorded value was 2.96 billion constant LCU in 2019.
- What is the lowest terms of trade adjustment recorded in Macao?
- The lowest recorded value was -65.83 billion constant LCU in 2011.
- How does Macao rank for terms of trade adjustment?
- Macao ranks 123rd out of 178 countries with data for 2025.
- Is terms of trade adjustment rising or falling in Macao?
- Over the last ten years it is up 76.8%. The long-run trend across the full record is volatile.
- Where does this Macao 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.