Terms of trade adjustment in United States
United States: Terms of trade adjustment was 192.74 billion constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in United States, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, terms of trade adjustment in United States stood at 192.74 billion constant LCU. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.4% on the previous year and up 232.8% over ten years.
Over the whole period, terms of trade adjustment in United States peaked at 192.74 billion constant LCU in 2024 and was at its lowest, -213.48 billion constant LCU, in 2008.
United States ranks 26th of 178 countries on this measure, 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 States, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 71.41 billion constant LCU | — |
| 1971 | 66.34 billion constant LCU | -7.1% |
| 1972 | 64.56 billion constant LCU | -2.7% |
| 1973 | 64.94 billion constant LCU | +0.6% |
| 1974 | 22.51 billion constant LCU | -65.3% |
| 1975 | 27.49 billion constant LCU | +22.2% |
| 1976 | 29.51 billion constant LCU | +7.3% |
| 1977 | 16.34 billion constant LCU | -44.6% |
| 1978 | 14.99 billion constant LCU | -8.3% |
| 1979 | 625.80 million constant LCU | -95.8% |
| 1980 | -44.40 billion constant LCU | -7195.4% |
| 1981 | -38.29 billion constant LCU | -13.8% |
| 1982 | -22.35 billion constant LCU | -41.6% |
| 1983 | -7.43 billion constant LCU | -66.7% |
| 1984 | -1.24 billion constant LCU | -83.3% |
| 1985 | -29.00 million constant LCU | -97.7% |
| 1986 | -7.18 billion constant LCU | +24660.7% |
| 1987 | -24.70 billion constant LCU | +244.0% |
| 1988 | -27.04 billion constant LCU | +9.5% |
| 1989 | -33.19 billion constant LCU | +22.7% |
| 1990 | -50.23 billion constant LCU | +51.4% |
| 1991 | -40.65 billion constant LCU | -19.1% |
| 1992 | -47.52 billion constant LCU | +16.9% |
| 1993 | -42.17 billion constant LCU | -11.3% |
| 1994 | -44.11 billion constant LCU | +4.6% |
| 1995 | -53.03 billion constant LCU | +20.2% |
| 1996 | -53.31 billion constant LCU | +0.5% |
| 1997 | -40.49 billion constant LCU | -24.0% |
| 1998 | -5.56 billion constant LCU | -86.3% |
| 1999 | -22.16 billion constant LCU | +298.7% |
| 2000 | -54.62 billion constant LCU | +146.5% |
| 2001 | -29.35 billion constant LCU | -46.3% |
| 2002 | -24.90 billion constant LCU | -15.2% |
| 2003 | -42.57 billion constant LCU | +71.0% |
| 2004 | -60.91 billion constant LCU | +43.1% |
| 2005 | -97.35 billion constant LCU | +59.8% |
| 2006 | -116.62 billion constant LCU | +19.8% |
| 2007 | -122.40 billion constant LCU | +5.0% |
| 2008 | -213.48 billion constant LCU | +74.4% |
| 2009 | -109.28 billion constant LCU | -48.8% |
| 2010 | -148.41 billion constant LCU | +35.8% |
| 2011 | -182.34 billion constant LCU | +22.9% |
| 2012 | -180.37 billion constant LCU | -1.1% |
| 2013 | -156.16 billion constant LCU | -13.4% |
| 2014 | -145.11 billion constant LCU | -7.1% |
| 2015 | -72.45 billion constant LCU | -50.1% |
| 2016 | -40.37 billion constant LCU | -44.3% |
| 2017 | -33.16 billion constant LCU | -17.9% |
| 2018 | -18.44 billion constant LCU | -44.4% |
| 2019 | 9.96 billion constant LCU | -154.0% |
| 2020 | 0 constant LCU | -100.0% |
| 2021 | 92.15 billion constant LCU | — |
| 2022 | 162.73 billion constant LCU | +76.6% |
| 2023 | 181.16 billion constant LCU | +11.3% |
| 2024 | 192.74 billion constant LCU | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37.87 billion constant LCU | 625.80 million constant LCU | 71.41 billion constant LCU | 10 |
| 1980s | -20.59 billion constant LCU | -44.40 billion constant LCU | -29.00 million constant LCU | 10 |
| 1990s | -39.92 billion constant LCU | -53.31 billion constant LCU | -5.56 billion constant LCU | 10 |
| 2000s | -87.15 billion constant LCU | -213.48 billion constant LCU | -24.90 billion constant LCU | 10 |
| 2010s | -96.68 billion constant LCU | -182.34 billion constant LCU | 9.96 billion constant LCU | 10 |
| 2020s | 125.76 billion constant LCU | 0 constant LCU | 192.74 billion constant LCU | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Industry (including construction), value added (current US$), annual 13.08 % change on previous year (2021)
- Industry (including construction), value added (current US$), per 0.1758 current US$ per US$ of GDP (2021)
- Industry (including construction), value added (current US$), per 12,556 current US$ per person (2021)
- Industry (including construction), value added (current LCU), annual 13.08 % change on previous year (2021)
- Industry (including construction), value added (current LCU), per 0.1758 current LCU per US$ of GDP (2021)
- Industry (including construction), value added (current LCU), per 12,556 current LCU per person (2021)
- Services, value added (current US$), annual growth rate 9.94 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7626 current US$ per US$ of GDP (2021)
Frequently asked questions
- What is terms of trade adjustment in United States?
- Terms of trade adjustment in United States was 192.74 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 United States?
- The highest recorded value was 192.74 billion constant LCU in 2024.
- What is the lowest terms of trade adjustment recorded in United States?
- The lowest recorded value was -213.48 billion constant LCU in 2008.
- How does United States rank for terms of trade adjustment?
- United States ranks 26th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in United States?
- Over the last ten years it is up 232.8%. The long-run trend across the full record is volatile.
- Where does this United States 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.