Countries
Tuvalu
Key Economic Indicators
$60.38 million
$6,151
3.85%
1.9% (2020 est.)
$62.28 million (2023 est.)
47.2% of GDP (2016 est.)
$2.71 million
Economic Overview
upper middle-income Pacific island economy; extremely environmentally fragile; currency pegged to Australian dollar; large international aid recipient; subsistence agrarian sector; Te Kakeega sustainable development; domain name licensing incomes
All Economic Data
Agricultural products
coconuts, vegetables, tropical fruits, bananas, root vegetables, pork, chicken, eggs, pork fat, pork offal (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$88 million (2019 est.)
Note:
<strong>note:</strong> revenue data include Official Development Assistance from Australia
Revenues:
$87 million (2019 est.)
Currency
code:
AUD, TVD
name:
Australian dollar (AUD) [$], Tuvaluan dollar (TVD) [$]
Current account balance
$2.71 million
Current account balance 2020:
$8.46 million (2020 est.)
Current account balance 2021:
$14.533 million (2021 est.)
Current account balance 2022:
$2.713 million (2022 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
Tuvaluan dollars or Australian dollars (AUD) per US dollar -
Exchange rates 2020:
1.453 (2020 est.)
Exchange rates 2021:
1.331 (2021 est.)
Exchange rates 2022:
1.442 (2022 est.)
Exchange rates 2023:
1.505 (2023 est.)
Exchange rates 2024:
1.515 (2024 est.)
Exports
Exports 2020:
$3.089 million (2020 est.)
Exports 2021:
$2.745 million (2021 est.)
Exports 2022:
$2.232 million (2022 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
fish (2023)
note:
<strong>note:</strong> top export commodities based on value in dollars over $500,000
Exports - partners
Thailand 88%, Japan 6%, Philippines 3%, Ireland 1%, USA 1% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$258,080
GDP - composition, by sector of origin
Agriculture:
15.9% (2015 est.)
Industry:
7% (2015 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
70% (2012 est.)
GDP (official exchange rate)
$62.28 million (2023 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$6,345
Gini Index coefficient - distribution of family income
39.1 (2010)
GNI (gross national income)
$84.22 million
GNI per capita
$8,770
Imports
Imports 2020:
$56.947 million (2020 est.)
Imports 2021:
$63.962 million (2021 est.)
Imports 2022:
$57.388 million (2022 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
ships, refined petroleum, iron structures, fish, hand tools (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 42%, Fiji 24%, Japan 11%, Australia 11%, NZ 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industries
fishing
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2020:
1.9% (2020 est.)
Inflation rate (consumer prices) 2021:
6.2% (2021 est.)
Inflation rate (consumer prices) 2022:
11.5% (2022 est.)
Note:
<strong>note:</strong> annual % change based on consumer prices
Public debt
Public debt 2016:
47.2% of GDP (2016 est.)
Real GDP (purchasing power parity)
$60.38 million
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2021:
$54.568 million (2021 est.)
Real GDP (purchasing power parity) 2022:
$54.938 million (2022 est.)
Real GDP (purchasing power parity) 2023:
$57.055 million (2023 est.)
Real GDP growth rate
3.85%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2021:
1.8% (2021 est.)
Real GDP growth rate 2022:
0.7% (2022 est.)
Real GDP growth rate 2023:
3.9% (2023 est.)
Real GDP per capita
$6,151
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2021:
$5,400 (2021 est.)
Real GDP per capita 2022:
$5,500 (2022 est.)
Real GDP per capita 2023:
$5,800 (2023 est.)
Remittances
$2.59 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
4.9% of GDP (2021 est.)
Remittances 2022:
4.2% of GDP (2022 est.)
Remittances 2023:
4.2% of GDP (2023 est.)
World Bank Indicators
Currency
Australian dollar (AUD) $ (2025)
Gini Index
39.10 (2010)
Languages
English, Tuvaluan (2025)
Economic Rankings
Inflation Rate
#59
Gini Index
#71
GDP Growth Rate
#136
GDP per Capita
#148
Imports
#191
Exports
#192
GDP (Nominal)
#195
GDP (PPP)
#195
Quick Facts
Industries
fishing
Agricultural products
coconuts, vegetables, tropical fruits, bananas, root vegetables, pork, chicken, eggs, pork fat, pork offal (2023)
Exports - partners
Thailand 88%, Japan 6%, Philippines 3%, Ireland 1%, USA 1% (2023)
Imports - partners
China 42%, Fiji 24%, Japan 11%, Australia 11%, NZ 4% (2023)
Exchange rates
Tuvaluan dollars or Australian dollars (AUD) per US dollar -
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