Terms of trade adjustment in United Arab Emirates
United Arab Emirates: Terms of trade adjustment was 167.02 billion constant LCU in 2023. ◆ Volatile
Terms of trade adjustment in United Arab Emirates, 2001–2023
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 United Arab Emirates is 167.02 billion constant LCU, measured in 2023.
The figure is up 8.3% on the previous year and up 1.8% over ten years.
Over the whole period, terms of trade adjustment in United Arab Emirates peaked at 245.43 billion constant LCU in 2008 and was at its lowest, -187.71 billion constant LCU, in 2020.
That places United Arab Emirates 27th out of 178 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment in United Arab Emirates, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2001 | -45.25 billion constant LCU | — |
| 2002 | -36.95 billion constant LCU | -18.3% |
| 2003 | -44.80 billion constant LCU | +21.2% |
| 2004 | -37.92 billion constant LCU | -15.4% |
| 2005 | 27.78 billion constant LCU | -173.2% |
| 2006 | 104.34 billion constant LCU | +275.7% |
| 2007 | 138.67 billion constant LCU | +32.9% |
| 2008 | 245.43 billion constant LCU | +77.0% |
| 2009 | 65.43 billion constant LCU | -73.3% |
| 2010 | 0 constant LCU | -100.0% |
| 2011 | 125.81 billion constant LCU | — |
| 2012 | 152.38 billion constant LCU | +21.1% |
| 2013 | 164.14 billion constant LCU | +7.7% |
| 2014 | 159.55 billion constant LCU | -2.8% |
| 2015 | -81.73 billion constant LCU | -151.2% |
| 2016 | -136.02 billion constant LCU | +66.4% |
| 2017 | -81.01 billion constant LCU | -40.4% |
| 2018 | -8.94 billion constant LCU | -89.0% |
| 2019 | -43.07 billion constant LCU | +381.7% |
| 2020 | -187.71 billion constant LCU | +335.8% |
| 2021 | -89.08 billion constant LCU | -52.5% |
| 2022 | 154.28 billion constant LCU | -273.2% |
| 2023 | 167.02 billion constant LCU | +8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.30 billion constant LCU | -45.25 billion constant LCU | 245.43 billion constant LCU | 9 |
| 2010s | 25.11 billion constant LCU | -136.02 billion constant LCU | 164.14 billion constant LCU | 10 |
| 2020s | 11.13 billion constant LCU | -187.71 billion constant LCU | 167.02 billion constant LCU | 4 |
Countries ranked near United Arab Emirates
- 24 Ukraine 359.39 billion constant LCU compare
- 25 Serbia 283.01 billion constant LCU compare
- 26 United States of America 192.74 billion constant LCU compare
- 28 Cameroon 166.52 billion constant LCU compare
- 29 South Africa 150.88 billion constant LCU compare
- 30 Romania 136.19 billion constant LCU compare
More economy & growth data for United Arab Emirates
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.85 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.54 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0937 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 4,712 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.3442 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 17,306 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0843 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 4,236 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 16,489 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 3.19 % change on previous year (2024)
Frequently asked questions
- What is terms of trade adjustment in United Arab Emirates?
- Terms of trade adjustment in United Arab Emirates was 167.02 billion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in United Arab Emirates?
- The highest recorded value was 245.43 billion constant LCU in 2008.
- What is the lowest terms of trade adjustment recorded in United Arab Emirates?
- The lowest recorded value was -187.71 billion constant LCU in 2020.
- How does United Arab Emirates rank for terms of trade adjustment?
- United Arab Emirates ranks 27th out of 178 countries with data for 2023.
- Is terms of trade adjustment rising or falling in United Arab Emirates?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is volatile.
- Where does this United Arab Emirates 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.