Terms of trade adjustment in Maldives
Maldives: Terms of trade adjustment was -13.84 billion constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Maldives, 2014–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, terms of trade adjustment in Maldives stood at -13.84 billion constant LCU.
The figure is up 25.9% on the previous year and down 196.8% over ten years.
Over the whole period, terms of trade adjustment in Maldives peaked at 14.30 billion constant LCU in 2014 and was at its lowest, -18.68 billion constant LCU, in 2023.
That places Maldives 141st out of 178 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in Maldives, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2014 | 14.30 billion constant LCU | — |
| 2015 | 8.94 billion constant LCU | -37.5% |
| 2016 | 3.63 billion constant LCU | -59.4% |
| 2017 | 2.02 billion constant LCU | -44.4% |
| 2018 | -168.72 million constant LCU | -108.4% |
| 2019 | 0 constant LCU | -100.0% |
| 2020 | -3.30 billion constant LCU | — |
| 2021 | -12.73 billion constant LCU | +286.0% |
| 2022 | -12.11 billion constant LCU | -4.9% |
| 2023 | -18.68 billion constant LCU | +54.2% |
| 2024 | -13.84 billion constant LCU | -25.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.79 billion constant LCU | -168.72 million constant LCU | 14.30 billion constant LCU | 6 |
| 2020s | -12.13 billion constant LCU | -18.68 billion constant LCU | -3.30 billion constant LCU | 5 |
Countries ranked near Maldives
- 138 Austria -7.20 billion constant LCU compare
- 139 United Kingdom -10.20 billion constant LCU compare
- 140 Ireland -10.26 billion constant LCU compare
- 142 Italy -14.85 billion constant LCU compare
- 143 Afghanistan -15.45 billion constant LCU compare
- 144 Guinea-Bissau -15.75 billion constant LCU compare
More economy & growth data for Maldives
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 8.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 12.92 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 188,752 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 5.65 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.772 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 11,283 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 5.65 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 12.24 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is terms of trade adjustment in Maldives?
- Terms of trade adjustment in Maldives was -13.84 billion 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 Maldives?
- The highest recorded value was 14.30 billion constant LCU in 2014.
- What is the lowest terms of trade adjustment recorded in Maldives?
- The lowest recorded value was -18.68 billion constant LCU in 2023.
- How does Maldives rank for terms of trade adjustment?
- Maldives ranks 141st out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Maldives?
- Over the last ten years it is down 196.8%. The long-run trend across the full record is volatile.
- Where does this Maldives 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.