Northern Mariana Islands: Terms of trade adjustment (constant LCU)

Key figures

What the numbers say

In 2022, Northern Mariana Islands' terms of trade adjustment (constant LCU) rose 19.79 million on 2021 (from 9.74 million to 29.53 million).

Across the 19 yearly changes before that (2003 to 2021), the average change was −10.84 million and a typical year strayed about 53.58 million from that (the standard deviation). This year's change was 0.6 standard deviations above 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 110.26 million in 2016 and the biggest yearly fall was 101.36 million in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 there is no clear straight-line trend: a straight line explains 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.

Closest to Northern Mariana Islands in the 2022 ranking

• American Samoa — 2nd of 5: 3.96 million
• Guam — 3rd of 5: 1.01 million
• Virgin Islands (US) — 4th of 5: -599.72 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 21 values

Terms of trade adjustment (constant LCU) in nearby economies

• American Samoa — 3.96 million (2022)
• Australia — -26.77 billion (2025)
• Brunei Darussalam — -970.77 million (2025)
• Cambodia — 5.99 trillion (2025)
• Guam — 1.01 million (2022)
• Hong Kong SAR, China — 24.07 billion (2025)
• Indonesia — -312.72 trillion (2025)
• Japan — -9.53 trillion (2024)
• Kiribati — 3.53 million (2024)
• Korea, Rep. — -41.6 trillion (2025)

More economic policy & debt data for Northern Mariana Islands

• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Adjusted savings, energy depletion (current US$) — US$0 (2021)
• Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $) — 16,049 (2022)
• Households and NPISHs final consumption expenditure (current US$) — US$726 million (2022)
• Households and NPISHs final consumption expenditure (current LCU) — 726 million (2022)
• Households and NPISHs final consumption expenditure, linked series (current LCU) — 726 million (2022)
• Households and NPISHs final consumption expenditure (constant 2015 US$)

Reading data like this

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Questions people ask

What is Northern Mariana Islands's terms of trade adjustment (constant LCU)?

29.53 million in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is down 86.3% from 215.63 million in 2002 (9.46% a year on average, compounded). The highest value was 222.33 million in 2017 and the lowest -44.16 million in 2007.

Is the latest change in terms of trade adjustment (constant LCU) unusual for Northern Mariana Islands?

In 2022, Northern Mariana Islands' terms of trade adjustment (constant LCU) rose 19.79 million on 2021 (from 9.74 million to 29.53 million). Across the 19 yearly changes before that (2003 to 2021), the average change was −10.84 million and a typical year strayed about 53.58 million from that (the standard deviation). This year's change was 0.6 standard deviations above 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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