Terms of trade adjustment in New Zealand
New Zealand: Terms of trade adjustment was -628.28 million constant LCU in 2024. ◆ Volatile
Latest (2024)
-628.28 million constant LCU
Change on year
up 82.6%
World rank
116th
of 179 countries
All-time high
984.41 million constant LCU
in 2017
All-time low
-13.98 billion constant LCU
in 2002
Years of data
55
1970–2024
Terms of trade adjustment in New Zealand, 1970–2024
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 New Zealand is -628.28 million constant LCU, measured in 2024.
That represents a change of up 82.6% on the previous year and up 65.5% over ten years.
Over the whole period, terms of trade adjustment in New Zealand peaked at 984.41 million constant LCU in 2017 and was at its lowest, -13.98 billion constant LCU, in 2002.
New Zealand ranks 116th of 179 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 New Zealand, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | -4.18 billion constant LCU | — |
| 1971 | -3.72 billion constant LCU | -11.1% |
| 1972 | -1.79 billion constant LCU | -51.8% |
| 1973 | -598.74 million constant LCU | -66.6% |
| 1974 | -4.34 billion constant LCU | +624.2% |
| 1975 | -6.52 billion constant LCU | +50.3% |
| 1976 | -6.70 billion constant LCU | +2.8% |
| 1977 | -6.18 billion constant LCU | -7.7% |
| 1978 | -5.34 billion constant LCU | -13.7% |
| 1979 | -5.65 billion constant LCU | +5.9% |
| 1980 | -6.98 billion constant LCU | +23.5% |
| 1981 | -6.94 billion constant LCU | -0.6% |
| 1982 | -7.05 billion constant LCU | +1.6% |
| 1983 | -7.56 billion constant LCU | +7.3% |
| 1984 | -8.54 billion constant LCU | +13.0% |
| 1985 | -8.58 billion constant LCU | +0.5% |
| 1986 | -7.90 billion constant LCU | -8.0% |
| 1987 | -6.87 billion constant LCU | -13.0% |
| 1988 | -5.83 billion constant LCU | -15.2% |
| 1989 | -5.07 billion constant LCU | -12.9% |
| 1990 | -7.15 billion constant LCU | +41.0% |
| 1991 | -8.43 billion constant LCU | +17.9% |
| 1992 | -8.87 billion constant LCU | +5.2% |
| 1993 | -8.95 billion constant LCU | +0.9% |
| 1994 | -9.17 billion constant LCU | +2.4% |
| 1995 | -9.62 billion constant LCU | +5.0% |
| 1996 | -9.65 billion constant LCU | +0.2% |
| 1997 | -11.02 billion constant LCU | +14.2% |
| 1998 | -11.63 billion constant LCU | +5.5% |
| 1999 | -13.36 billion constant LCU | +14.9% |
| 2000 | -13.29 billion constant LCU | -0.5% |
| 2001 | -12.48 billion constant LCU | -6.1% |
| 2002 | -13.98 billion constant LCU | +12.0% |
| 2003 | -11.51 billion constant LCU | -17.7% |
| 2004 | -9.70 billion constant LCU | -15.7% |
| 2005 | -10.05 billion constant LCU | +3.6% |
| 2006 | -11.13 billion constant LCU | +10.8% |
| 2007 | -7.13 billion constant LCU | -35.9% |
| 2008 | -7.89 billion constant LCU | +10.7% |
| 2009 | -10.82 billion constant LCU | +37.1% |
| 2010 | -6.63 billion constant LCU | -38.7% |
| 2011 | -5.86 billion constant LCU | -11.6% |
| 2012 | -8.93 billion constant LCU | +52.3% |
| 2013 | -1.60 billion constant LCU | -82.1% |
| 2014 | -1.82 billion constant LCU | +13.8% |
| 2015 | -4.28 billion constant LCU | +135.1% |
| 2016 | -2.16 billion constant LCU | -49.5% |
| 2017 | 984.41 million constant LCU | -145.6% |
| 2018 | -1.26 billion constant LCU | -228.0% |
| 2019 | 717.63 million constant LCU | -156.9% |
| 2020 | 0 constant LCU | -100.0% |
| 2021 | 917.35 million constant LCU | — |
| 2022 | -2.78 billion constant LCU | -403.3% |
| 2023 | -3.61 billion constant LCU | +29.6% |
| 2024 | -628.28 million constant LCU | -82.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -4.50 billion constant LCU | -6.70 billion constant LCU | -598.74 million constant LCU | 10 |
| 1980s | -7.13 billion constant LCU | -8.58 billion constant LCU | -5.07 billion constant LCU | 10 |
| 1990s | -9.79 billion constant LCU | -13.36 billion constant LCU | -7.15 billion constant LCU | 10 |
| 2000s | -10.80 billion constant LCU | -13.98 billion constant LCU | -7.13 billion constant LCU | 10 |
| 2010s | -3.08 billion constant LCU | -8.93 billion constant LCU | 984.41 million constant LCU | 10 |
| 2020s | -1.22 billion constant LCU | -3.61 billion constant LCU | 917.35 million constant LCU | 5 |
Countries ranked near New Zealand
- 113 Kosovo -355.02 million constant LCU compare
- 113 Kosovo (UNSCR 1244) -355.02 million constant LCU compare
- 115 United States Virgin Islands -599.72 million constant LCU compare
- 117 Oman -702.51 million constant LCU compare
- 118 Central African Republic -872.72 million constant LCU compare
- 119 Brunei Darussalam -970.77 million constant LCU compare
More economy & growth data for New Zealand
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.71 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.37 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate -3.46 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1924 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 9,511 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 0.9117 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.2596 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 12,830 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 2.39 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.4289 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is terms of trade adjustment in New Zealand?
- Terms of trade adjustment in New Zealand was -628.28 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 New Zealand?
- The highest recorded value was 984.41 million constant LCU in 2017.
- What is the lowest terms of trade adjustment recorded in New Zealand?
- The lowest recorded value was -13.98 billion constant LCU in 2002.
- How does New Zealand rank for terms of trade adjustment?
- New Zealand ranks 116th out of 179 countries with data for 2024.
- Is terms of trade adjustment rising or falling in New Zealand?
- Over the last ten years it is up 65.5%. The long-run trend across the full record is volatile.
- Where does this New Zealand 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.
Download this data
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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.