Current account balance in Tuvalu
Tuvalu: Current account balance was 40.0% in 2023. ◆ Volatile
Current account balance in Tuvalu, 2001–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Tuvalu recorded 40.0% for current account balance in 2023.
That represents a change of up 14,843.2% on the previous year and up 1,311.9% over ten years.
Over the whole period, current account balance in Tuvalu peaked at 60.9% in 2018 and was at its lowest, -60.7%, in 2009.
That places Tuvalu 1st out of 199 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Tuvalu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | -55.2% | — |
| 2002 | 0.2% | -100.3% |
| 2003 | -32.1% | -21480.4% |
| 2004 | -30.9% | -3.9% |
| 2005 | -18.7% | -39.3% |
| 2006 | 27.0% | -244.1% |
| 2007 | -15.3% | -156.7% |
| 2008 | -11.7% | -23.2% |
| 2009 | -60.7% | +417.3% |
| 2010 | -43.2% | -28.8% |
| 2011 | -60.2% | +39.2% |
| 2012 | 16.5% | -127.5% |
| 2013 | 2.8% | -82.8% |
| 2014 | -0.5% | -117.0% |
| 2015 | -33.7% | +6890.8% |
| 2016 | 29.9% | -188.8% |
| 2017 | 2.1% | -93.1% |
| 2018 | 60.9% | +2839.1% |
| 2019 | -22.4% | -136.8% |
| 2020 | 16.2% | -172.1% |
| 2021 | 28.3% | +74.7% |
| 2022 | -0.3% | -101.0% |
| 2023 | 40.0% | -14843.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -21.9% | -60.7% | 27.0% | 9 |
| 2010s | -4.8% | -60.2% | 60.9% | 10 |
| 2020s | 21.0% | -0.3% | 40.0% | 4 |
Countries ranked near Tuvalu
- 2 Macau, China 33.7% compare
- 3 Kuwait 22.7% compare
- 4 San Marino 22.0% compare
More economy & growth data for Tuvalu
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.93 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Taxes less subsidies on products (current US$), per capita 512.54 current US$ per person (2015)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.2035 current LCU per US$ of GDP (2015)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1529 current US$ per US$ of GDP (2015)
- Taxes less subsidies on products (current US$), annual growth rate -0.2777 % change on previous year (2015)
- Net primary income (Net income from abroad) (current LCU), annual 32.15 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 31.26 % change on previous year (2024)
- GNI (current US$), per capita 9,835 current US$ per person (2025)
- GNI (current US$), annual growth rate 18.75 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Tuvalu?
- Current account balance in Tuvalu was 40.0% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Tuvalu?
- The highest recorded value was 60.9% in 2018.
- What is the lowest current account balance recorded in Tuvalu?
- The lowest recorded value was -60.7% in 2009.
- How does Tuvalu rank for current account balance?
- Tuvalu ranks 1st out of 199 countries with data for 2023.
- Is current account balance rising or falling in Tuvalu?
- Over the last ten years it is up 1,311.9%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.