Gross domestic product (GDP), Constant prices, Percent change in Tuvalu
Tuvalu: Gross domestic product (GDP), Constant prices, Percent change was 1.65 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent change in Tuvalu, 2001–2031
Source: International Monetary Fund.
Analysis
Tuvalu recorded 1.65 for gross domestic product (gdp), constant prices, percent change in 2031.
Compared with earlier readings it is down 8.9% on the previous year and up 1,596.6% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Tuvalu peaked at 13.43 in 2019 and was at its lowest, -11.75, in 2022.
That places Tuvalu 33rd out of 37 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Percent change in Tuvalu, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 0.6955 | — |
| 2002 | 8.32 | +1096.0% |
| 2003 | -4.35 | -152.3% |
| 2004 | -1.89 | -56.6% |
| 2005 | -3.75 | +98.4% |
| 2006 | 1.3 | -134.7% |
| 2007 | 6.91 | +430.8% |
| 2008 | 6.58 | -4.7% |
| 2009 | -5.62 | -185.4% |
| 2010 | -2.47 | -56.1% |
| 2011 | 7.52 | -404.7% |
| 2012 | -2.85 | -137.9% |
| 2013 | 3.8 | -233.4% |
| 2014 | 1.67 | -56.2% |
| 2015 | 9.38 | +462.5% |
| 2016 | 4.78 | -49.1% |
| 2017 | 3.32 | -30.4% |
| 2018 | 1.68 | -49.4% |
| 2019 | 13.43 | +698.9% |
| 2020 | -3.27 | -124.4% |
| 2021 | 0.097 | -103.0% |
| 2022 | -11.75 | -12219.7% |
| 2023 | 4.03 | -134.3% |
| 2024 | 3.08 | -23.5% |
| 2025 | 2.16 | -29.9% |
| 2026 | 2.54 | +17.5% |
| 2027 | 2.38 | -6.2% |
| 2028 | 2.32 | -2.6% |
| 2029 | 2.01 | -13.1% |
| 2030 | 1.81 | -10.3% |
| 2031 | 1.65 | -8.9% |
Tuvalu compared with similar countries
- Tuvalu's 1.65 is below the median for upper middle income countries, which is 3.38, 49% of the median. (15 countries reporting)
- Tuvalu's 1.65 is below the median for East Asia & Pacific, which is 2.5, 66% of the median. (30 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Percent change in Tuvalu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -12219.7% | 0.097 | -11.75 |
| 2002 | +1096.0% | 0.6955 | 8.32 |
| 2019 | +698.9% | 1.68 | 13.43 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9104 | -5.62 | 8.32 | 9 |
| 2010s | 4.03 | -2.85 | 13.43 | 10 |
| 2020s | 0.3582 | -11.75 | 4.03 | 10 |
| 2030s | 1.73 | 1.65 | 1.81 | 2 |
Countries ranked near Tuvalu
More economy & growth data for Tuvalu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.93 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -915,228 BoP, current US$ (2021)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0149 BoP, current US$ per US$ of GDP (2021)
- Foreign direct investment, net outflows (BoP, current US$), per capita -89.78 BoP, current US$ per person (2021)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 258,080 BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 55.2 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0045 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.76 BoP, current US$ per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.5864 % change on previous year (2015)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, percent change in Tuvalu?
- Gross domestic product (gdp), constant prices, percent change in Tuvalu was 1.65 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Tuvalu?
- The highest recorded value was 13.43 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Tuvalu?
- The lowest recorded value was -11.75 in 2022.
- How does Tuvalu rank for gross domestic product (gdp), constant prices, percent change?
- Tuvalu ranks 33rd out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Tuvalu?
- Over the last ten years it is up 1,596.6%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change, Domestic currency (National Accounts Statistics (SNA)). Statizoid updates them automatically from the source API.
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About this data
APD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Asia and the Pacific. Data for the REO for Asia and Pacific is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.