Cyprus's terms of trade adjustment (constant LCU) was 85.17 million in 2025, the latest year in the World Bank's World Development Indicators. That is up 170.65% from -120.55 million in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 85.17 million | 2025 |
| Five years earlier | -262.01 million | 2020 |
| Ten years earlier | -120.55 million | 2015 |
| Highest | 221.81 million | 2004 |
| Lowest | -459.22 million | 2022 |
| Average since 2016 | -60.09 million | 2016–2025 |
| First recorded | 3.64 million |
What the numbers say
In 2025, Cyprus' terms of trade adjustment (constant LCU) fell 56.98 million on 2024 (from 142.14 million to 85.17 million).
Across the 30 yearly changes before that (1995 to 2024), the average change was +10.05 million and a typical year strayed about 164.82 million from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 408.48 million in 2023 and the biggest yearly fall was 325.55 million in 2022. 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Cyprus had the 72nd 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 Cyprus in the 2025 ranking
- Croatia — 68th of 128: 259.43 million
- Seychelles — 69th of 128: 239.2 million
- Samoa — 70th of 128: 156.62 million
- Latvia — 72nd of 128: 73.09 million
- Bangladesh — 73rd of 128: 39,501
- Malta — 74th of 128: -25.07 million
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 51 values
| Year | Terms of trade adjustment (constant LCU) |
|---|---|
| 2025 | 85,166,978 |
| 2024 | 142,143,776 |
| 2023 | -50,747,807 |
| 2022 | -459,223,999 |
| 2021 | -133,669,033 |
| 2020 | -262,009,464 |
| 2019 | 1,000 |
| 2018 | -28,620,220 |
| 2017 | 31,600,940 |
| 2016 | 74,437,312 |
| 2015 |
Terms of trade adjustment (constant LCU) in nearby economies
- Albania — 90.65 billion (2025)
- Armenia — -348.18 billion (2025)
- Austria — -7.2 billion (2025)
- Belarus — -4.07 billion (2025)
- Belgium — -20.53 billion (2025)
- Bosnia and Herzegovina — -180.02 million (2025)
- Bulgaria — -68.12 million (2025)
- Croatia — 259.43 million (2025)
- Czechia — 47.02 billion (2025)
- Denmark — -65.69 billion (2025)
More economic policy & debt data for Cyprus
- Total reserves, including gold (current US$) — US$2.95 billion (2025)
- Total reserves, excluding gold (current US$) — US$999.53 million (2025)
- Food, beverages and tobacco (% of value added in manufacturing) — 32.67% (2023)
- Machinery and transport equipment (% of value added in manufacturing) — 13.81% (2023)
- Other manufacturing (% of value added in manufacturing) — 39.94% (2023)
- Textiles and clothing (% of value added in manufacturing) — 1.35% (2023)
- Chemicals (% of value added in manufacturing) — 12.23% (2023)
- Foreign direct investment, net inflows (BoP, current US$) — US$11.16 billion (2025)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Cyprus's terms of trade adjustment (constant LCU)?
- 85.17 million in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 2,240% from 3.64 million in 1975 (6.51% a year on average, compounded). The highest value was 221.81 million in 2004 and the lowest -459.22 million in 2022.
- How does Cyprus rank?
- 72nd highest of 128 economies with data for 2025.
- Is the latest change in terms of trade adjustment (constant LCU) unusual for Cyprus?
- In 2025, Cyprus' terms of trade adjustment (constant LCU) fell 56.98 million on 2024 (from 142.14 million to 85.17 million). Across the 30 yearly changes before that (1995 to 2024), the average change was +10.05 million and a typical year strayed about 164.82 million from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
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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