Chile's terms of trade adjustment (constant LCU) was 15.42 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 454.54% from -4.35 trillion in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 15.42 trillion | 2025 |
| Five years earlier | 4.27 trillion | 2020 |
| Ten years earlier | -4.35 trillion | 2015 |
| Highest | 15.42 trillion | 2025 |
| Lowest | -14.34 trillion | 2002 |
| Average since 2016 | 5.13 trillion | 2016–2025 |
| First recorded | -286.62 billion |
What the numbers say
In 2025, Chile's terms of trade adjustment (constant LCU) rose 5.64 trillion on 2024 (from 9.79 trillion to 15.42 trillion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +566.22 billion and a typical year strayed about 3.71 trillion from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 9.3 trillion in 2006 and the biggest yearly fall was 9.65 trillion in 2008. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 1.75 trillion a year. A straight line explains 82% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 17.42 trillion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 2.77 trillion, against 4.44 trillion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2025, Chile had the 3rd highest value of the 128 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Chile in the 2025 ranking
What this measures
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.
All 66 values
| Year | Terms of trade adjustment (constant LCU) |
|---|---|
| 2025 | 15,423,725,702,890 |
| 2024 | 9,787,251,690,263 |
| 2023 | 7,196,412,465,573 |
| 2022 | 6,360,428,158,886 |
| 2021 | 10,700,968,509,451 |
| 2020 | 4,269,028,348,184 |
| 2019 | -933,578,315,444 |
| 2018 | 0 |
| 2017 | 1,375,980,988,063 |
| 2016 | -2,890,709,771,035 |
Terms of trade adjustment (constant LCU) in nearby economies
- Argentina — 59.64 billion (2025)
- Bahamas, The — -297.96 million (2024)
- Belize — 57.92 million (2024)
- Bolivia — 2.48 billion (2024)
- Brazil — -50.96 billion (2025)
- Colombia — 43.29 trillion (2025)
- Costa Rica — 1.37 trillion (2025)
- Cuba — -3.15 billion (2024)
- Dominican Republic — 73.4 billion (2025)
- Ecuador — 1.74 billion (2025)
More economic policy & debt data for Chile
- Total reserves, including gold (current US$) — US$49.45 billion (2025)
- Total reserves, excluding gold (current US$) — US$49.42 billion (2025)
- General government final consumption expenditure (current US$) — US$53.81 billion (2025)
- General government final consumption expenditure (current LCU) — 51.19 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$48.82 billion (2025)
- General government final consumption expenditure (constant LCU) — 35.92 trillion (2025)
- General government final consumption expenditure (% of GDP) — 15.06% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$202.79 billion (2025)
Reading data like this
Questions people ask
- What is Chile's terms of trade adjustment (constant LCU)?
- 15.42 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 5,481% from -286.62 billion in 1960. The highest value was 15.42 trillion in 2025 and the lowest -14.34 trillion in 2002.
Source
World Bank, World Development Indicators, indicator NY.TTF.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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