Economy of TuvaluPopulation: 0.01 M (2018)
GDP per Capita: 3,701 USD (2018)
GDP and Economic Growth
Government spending and balances
International Trade and Investment
|Terms of Trade Base Year 2000||Tuvalu|
|Exports of Goods and Services % GDP|
|Exports Goods & Services|
|Exports Annual Growth||Tuvalu|
|Imports as % GDP||Tuvalu|
|Foreign Direct Investment % GDP||0.70 % (2018)|
|Foreign Direct Investment|
|Current Account Balance % GDP||USD % (2018)|
|Current Account Balance||USD B. (2018)|
|Trade Balance % GDP||% (2018)|
|Trade Balance||USD B. (2018)|
|Foreign Exchange Reserves incl Gold|
|Remittances % GDP||9.50 % (2018)|
|Remittances||USD 0 M. (2013)|
|Balance of Payments||USD 12 M. (2011)|
|Unemployment Rate Females|
|Unemployment Rate Males|
|Youth Unemployment (ages 15-24)|
|Labor Force Participation Rate||USD 12 M. (2011)|
|Labor Force (Percent Female)||USD 12 M. (2011)|
|Female Labor Force Participation Rate||USD 12 M. (2011)|
|Male Labor Force Participation Rate||USD 12 M. (2011)|
|Forest Area||33.30 % (2016)|
|Forest Area km²||10 km² (2016)|
|Agricultural Land||60.00 % (2016)|
|Agricultural Land km²||18 km² (2016)|
|Value added % GDP||16.51 % (2015)|
|Agriculture Value added||USD 0.01 B. (2015)|
|Crop Production Index||113.00 (2016)|
|Precipitation||161 mm (2012)|
|Arable Land||113.00 (2016)|
|Cereal Yield||113.00 (2016)|
|Food production index||111 (2016)|
|Rural Population||38 % (2018)|
|Fertilizer use of Arable Land||111 (2016)|
|Livestock Production Index||106 (2016)|
Economy of Tuvalu
According to the World Bank and its latest published data, the economy of the Tuvalu presents a growth rate of 2.50 % (2018) to the previous year.
With a population that reaches 0.01 M (2018) and a gross domestic product of USD 0.04 B. (2018), it translates a Gross Domestic Product per Capita of USD 3,701 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).
Tuvalu also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at .
The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 28.15 of its GDP, not exceeding the 35% risk limit used by the European Union.
Regarding its international trade, Tuvalu exported , which represents of its gross domestic product, in that same sense its imports reached with a direct foreign investment of .
Tuvalu has a forest area of 10 km² (2016), which represents 33.30 % (2016) of its total area, an average rainfall of 161 mm (2012) per year and a population of 38 % (2018) living in rural areas. With a total area of 18 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Tuvalu about USD 0.01 B. (2015) (16.51 % (2015) of its GDP).