Terms of trade adjustment in Marshall Islands
Marshall Islands: Terms of trade adjustment was 1.56 million constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Marshall Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for terms of trade adjustment in Marshall Islands is 1.56 million constant LCU, measured in 2024.
Compared with earlier readings it is down 85.2% on the previous year and down 56.0% over ten years.
Over the whole period, terms of trade adjustment in Marshall Islands peaked at 18.48 million constant LCU in 2021 and was at its lowest, -8.07 million constant LCU, in 2010.
Marshall Islands ranks 96th 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 Marshall Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2004 | -6.08 million constant LCU | — |
| 2005 | -696,495 constant LCU | -88.6% |
| 2006 | 1.12 million constant LCU | -260.7% |
| 2007 | -159,504 constant LCU | -114.2% |
| 2008 | 2.13 million constant LCU | -1432.5% |
| 2009 | -4.84 million constant LCU | -327.7% |
| 2010 | -8.07 million constant LCU | +66.8% |
| 2011 | 4.01 million constant LCU | -149.7% |
| 2012 | 14.69 million constant LCU | +266.4% |
| 2013 | 12.31 million constant LCU | -16.2% |
| 2014 | 3.55 million constant LCU | -71.1% |
| 2015 | 0 constant LCU | -100.0% |
| 2016 | 7.10 million constant LCU | — |
| 2017 | 17.34 million constant LCU | +144.3% |
| 2018 | 13.95 million constant LCU | -19.5% |
| 2019 | 4.02 million constant LCU | -71.2% |
| 2020 | 13.46 million constant LCU | +234.6% |
| 2021 | 18.48 million constant LCU | +37.2% |
| 2022 | 11.13 million constant LCU | -39.8% |
| 2023 | 10.54 million constant LCU | -5.3% |
| 2024 | 1.56 million constant LCU | -85.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.42 million constant LCU | -6.08 million constant LCU | 2.13 million constant LCU | 6 |
| 2010s | 6.89 million constant LCU | -8.07 million constant LCU | 17.34 million constant LCU | 10 |
| 2020s | 11.03 million constant LCU | 1.56 million constant LCU | 18.48 million constant LCU | 5 |
Countries ranked near Marshall Islands
- 93 Northern Mariana Islands 29.53 million constant LCU compare
- 94 American Samoa 3.96 million constant LCU compare
- 95 Kiribati 3.53 million constant LCU compare
- 97 Guam 1.01 million constant LCU compare
- 98 Bangladesh 39,501 constant LCU compare
- 99 San Marino 24.57 constant LCU compare
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- External balance on goods and services as a percent of GDP -43.8% (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, annual growth rate 2.28 % change on previous year (2025)
- Gdp worldbank constant usd, per capita 6,174 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7273 units per US$ of GDP (2025)
- GDP per capita 6,174 constant 2015 US$ (2025)
- Exports of goods and services 36.0% (2025)
Frequently asked questions
- What is terms of trade adjustment in Marshall Islands?
- Terms of trade adjustment in Marshall Islands was 1.56 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 Marshall Islands?
- The highest recorded value was 18.48 million constant LCU in 2021.
- What is the lowest terms of trade adjustment recorded in Marshall Islands?
- The lowest recorded value was -8.07 million constant LCU in 2010.
- How does Marshall Islands rank for terms of trade adjustment?
- Marshall Islands ranks 96th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Marshall Islands?
- Over the last ten years it is down 56.0%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands 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.