The beach in Tuvalu

Tuvalu Economic Data & Projections

Tuvalu's Macroeconomic Analysis:

Nominal GDP of USD 0.1 billion in 2021.

GDP per capita of USD 6,231 compared to the global average of USD 10,589.

Average real GDP growth of 3.6% over the last decade.

Share of the region's population
Share of the region's GDP

GDP by economic sector
GDP by type of expenditure

Main Economic Indicators

Economic growth

The economy recorded average annual growth of 3.6% in the decade to 2021. To read more about GDP growth in Tuvalu, go to our dedicated page.

Fiscal policy

Tuvalu's fiscal surplus averaged 6.0% of GDP in the decade to 2023. Find out more on our dedicated page.

Inflation

Inflation averaged 3.7% in the decade to 2022. Go to our Tuvalu inflation page for extra insight.

Exchange Rate

From end-2014 to end-2024 the Australian dollar weakened by 25% vs the U.S. dollar. For more info on the Australian dollar, click here.

Tuvalu Economic Forecasts

Projections out to 2029.

19 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 2 expert analysts.

Want to get insight on the economic outlook for Tuvalu in the coming years? FocusEconomics collects projections out to 2029 on 19 economic indicators for Tuvalu from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Tuvalu economy. To download a sample report on the Tuvalu's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.

Tuvalu Economic Indicators

2019 2020 2021 2022 2023
Exchange Rate (LCU per USD, aop) 1.44 1.45 1.33 1.44 1.51
Exchange Rate (AUD per USD, eop) 1.42 1.30 1.38 1.47 1.47
Current Account Balance (USD bn) 0.0 0.0 0.0 - -
Current Account Balance (% of GDP) -22.1 15.3 24.1 - -
Merchandise Exports (ann. var. %) 132.4 -65.9 201.4 -64.6 -
GDP per Capita (USD) 5,421 5,233 6,231 - -
GDP (USD bn) 0.1 0.1 0.1 - -
Economic Growth (GDP, ann. var. %) 13.8 -3.0 0.0 - -
Merchandise Exports (USD bn) 0.0 0.0 0.0 0.0 -
Fiscal Balance (% of GDP) -8.0 8.2 -15.8 2.7 5.3
GDP (LCU bn) 0.1 0.1 0.1 - -
Economic Growth (Nominal GDP, ann. var. %) 21.9 -2.6 9.2 - -
International Reserves (months of imports) 0.7 4.4 10.5 -6.0 -
Merchandise Imports (ann. var. %) 98.5 -14.4 19.3 -25.3 -
Merchandise Imports (USD bn) 0.0 0.0 0.0 0.0 -
International Reserves (USD bn) 0.0 0.0 0.0 0.0 -
Population (million) 0.0 0.0 0.0 0.0 0.0
Public Debt (% of GDP) 11.5 12.1 11.1 9.4 7.5
Merchandise Trade Balance (USD bn) 0.0 0.0 0.0 0.0 -
Foreign Direct Investment (USD bn) 0.0 0.0 0.0 0.0 0.0
Inflation (CPI, ann. var. %, aop) 3.5 1.9 6.2 11.5 -
Free Sample Report

Interested in Tuvalu economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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