Economy of Tuvalu
Population: 0.01 M (2018)
GDP per Capita: 3,701 USD (2018)
40 M.

GDP USD

(2018)

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2,018 B.

EXPORTS USD

(2018)

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2,018 B.

IMPORTS USD

(2018)

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28.15 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.50 % (2018)
GDP of 2010 USD Tuvalu
GDP Current USD USD 0.04 B. (2018)
GDP per Capita Current USD USD 3,701 (2018)
GDP per capita, PPP USD 3,593 (2018)
GDP per Capita, 2010 USD USD 3,636 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 28.15 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 Tuvalu
Trade Openness Tuvalu
Exports of Goods and Services % GDP
Exports Goods & Services
Exports Annual Growth Tuvalu
Imports as % GDP Tuvalu
Total Imports
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)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
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)
Dependent People

Agriculture Sector

Indicator Value
Forest Area 33.30 % (2016)
Forest Area km² 10 km² (2016)
Agricultural Land 60.00 % (2016)
Agricultural Land km² 18 km² (2016)
Employment
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).