Terms of trade adjustment in Tonga

Tonga: Terms of trade adjustment was -19.57 million constant LCU in 2024. ◆ Volatile

Latest (2024)
-19.57 million constant LCU
Change on year
up 49.0%
World rank
105th
of 178 countries
All-time high
9.84 million constant LCU
in 2016
All-time low
-56.00 million constant LCU
in 2007
Years of data
31
1994–2024

Terms of trade adjustment in Tonga, 1994–2024

-60.0M-40.0M-20.0M01994200920241994: -17.1M constant LCU1995: -38.8M constant LCU1996: -51.7M constant LCU1997: -31.4M constant LCU1998: -41.0M constant LCU1999: -25.4M constant LCU2000: -25.8M constant LCU2001: -34.7M constant LCU2002: -12.7M constant LCU2003: -7.2M constant LCU2004: -30.2M constant LCU2005: -37.3M constant LCU2006: -36.1M constant LCU2007: -56.0M constant LCU2008: -1.9M constant LCU2009: -43.5M constant LCU2010: -36.4M constant LCU2011: -544.2k constant LCU2012: -19.5M constant LCU2013: -12.5M constant LCU2014: -41.8M constant LCU2015: -42.6M constant LCU2016: 9.8M constant LCU2017: 0 constant LCU2018: -20.3M constant LCU2019: 3.9M constant LCU2020: -14.7M constant LCU2021: 3.9M constant LCU2022: 3.2M constant LCU2023: -38.4M constant LCU2024: -19.6M constant LCU

Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.

Analysis

Tonga recorded -19.57 million constant LCU for terms of trade adjustment in 2024.

Compared with earlier readings it is up 49.0% on the previous year and up 53.2% over ten years.

Over the whole period, terms of trade adjustment in Tonga peaked at 9.84 million constant LCU in 2016 and was at its lowest, -56.00 million constant LCU, in 2007.

That places Tonga 105th out of 178 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s -34.23 million constant LCU -51.72 million constant LCU -17.11 million constant LCU 6
2000s -28.54 million constant LCU -56.00 million constant LCU -1.91 million constant LCU 10
2010s -15.99 million constant LCU -42.59 million constant LCU 9.84 million constant LCU 10
2020s -13.11 million constant LCU -38.40 million constant LCU 3.91 million constant LCU 5

Countries ranked near Tonga

  1. 103 Turkmenistan -1.74 million constant LCU compare
  2. 104 Palau -7.95 million constant LCU compare
  3. 106 Malta -25.07 million constant LCU compare
  4. 107 El Salvador -37.65 million constant LCU compare
  5. 108 Palestine -41.99 million constant LCU compare

See the full ranking of 178 places →

More economy & growth data for Tonga

All data for Tonga →

Frequently asked questions

What is terms of trade adjustment in Tonga?
Terms of trade adjustment in Tonga was -19.57 million 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 Tonga?
The highest recorded value was 9.84 million constant LCU in 2016.
What is the lowest terms of trade adjustment recorded in Tonga?
The lowest recorded value was -56.00 million constant LCU in 2007.
How does Tonga rank for terms of trade adjustment?
Tonga ranks 105th out of 178 countries with data for 2024.
Is terms of trade adjustment rising or falling in Tonga?
Over the last ten years it is up 53.2%. The long-run trend across the full record is volatile.
Where does this Tonga 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

Indicator
Terms of trade adjustment (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
178 places, 7,583 data points, 1960–2025
Last refreshed

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.