Terms of trade adjustment in Northern Mariana Islands
Northern Mariana Islands: Terms of trade adjustment was 29.53 million constant LCU in 2022. ◆ Volatile
Terms of trade adjustment in Northern Mariana Islands, 2002–2022
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Northern Mariana Islands recorded 29.53 million constant LCU for terms of trade adjustment in 2022.
The figure is up 203.1% on the previous year and down 86.7% over five years.
Over the whole period, terms of trade adjustment in Northern Mariana Islands peaked at 222.33 million constant LCU in 2017 and was at its lowest, -44.16 million constant LCU, in 2007.
That places Northern Mariana Islands 93rd out of 179 countries with data for 2022, 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 Northern Mariana Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2002 | 215.63 million constant LCU | — |
| 2003 | 151.44 million constant LCU | -29.8% |
| 2004 | 75.45 million constant LCU | -50.2% |
| 2005 | 7.02 million constant LCU | -90.7% |
| 2006 | -29.58 million constant LCU | -521.5% |
| 2007 | -44.16 million constant LCU | +49.3% |
| 2008 | 22.61 million constant LCU | -151.2% |
| 2009 | 31.40 million constant LCU | +38.9% |
| 2010 | 21.28 million constant LCU | -32.2% |
| 2011 | -2.06 million constant LCU | -109.7% |
| 2012 | 0 constant LCU | -100.0% |
| 2013 | 5.47 million constant LCU | — |
| 2014 | 22.88 million constant LCU | +318.4% |
| 2015 | 79.10 million constant LCU | +245.7% |
| 2016 | 189.35 million constant LCU | +139.4% |
| 2017 | 222.33 million constant LCU | +17.4% |
| 2018 | 120.97 million constant LCU | -45.6% |
| 2019 | 100.08 million constant LCU | -17.3% |
| 2020 | 31.81 million constant LCU | -68.2% |
| 2021 | 9.74 million constant LCU | -69.4% |
| 2022 | 29.53 million constant LCU | +203.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.73 million constant LCU | -44.16 million constant LCU | 215.63 million constant LCU | 8 |
| 2010s | 75.94 million constant LCU | -2.06 million constant LCU | 222.33 million constant LCU | 10 |
| 2020s | 23.70 million constant LCU | 9.74 million constant LCU | 31.81 million constant LCU | 3 |
Countries ranked near Northern Mariana Islands
- 90 Latvia 73.09 million constant LCU compare
- 91 Belize 57.92 million constant LCU compare
- 92 Timor-Leste 54.94 million constant LCU compare
- 94 American Samoa 3.96 million constant LCU compare
- 95 Kiribati 3.53 million constant LCU compare
- 96 Marshall Islands 1.56 million constant LCU compare
More economy & growth data for Northern Mariana Islands
- GDP 896.76 million constant 2015 US$ (2022)
- GDP per capita 17,644 constant LCU (2022)
- GDP per capita growth 18.9% (2022)
- GDP per capita 19,462 constant 2015 US$ (2022)
- GDP per capita 23,786 current LCU (2022)
- GDP per capita 23,786 current US$ (2022)
- GDP 813.00 million constant LCU (2022)
- GDP growth 16.6% (2022)
- GDP (current US$), per capita 23,786 current US$ per person (2022)
- GDP (current LCU), annual growth rate 19.91 % change on previous year (2022)
Frequently asked questions
- What is terms of trade adjustment in Northern Mariana Islands?
- Terms of trade adjustment in Northern Mariana Islands was 29.53 million constant LCU in 2022, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Northern Mariana Islands?
- The highest recorded value was 222.33 million constant LCU in 2017.
- What is the lowest terms of trade adjustment recorded in Northern Mariana Islands?
- The lowest recorded value was -44.16 million constant LCU in 2007.
- How does Northern Mariana Islands rank for terms of trade adjustment?
- Northern Mariana Islands ranks 93rd out of 179 countries with data for 2022.
- Where does this Northern Mariana 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.