Gross domestic product (GDP), Constant prices, Purchasing power in Tuvalu
Tuvalu: Gross domestic product (GDP), Constant prices, Purchasing power was 1.34 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Tuvalu, 2003–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, purchasing power in Tuvalu is 1.34, measured in 2031.
Compared with earlier readings it is down 10.6% on the previous year and up 308.7% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Tuvalu peaked at 16.76 in 2019 and was at its lowest, -14.39, in 2022.
That places Tuvalu 29th 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, Purchasing power in Tuvalu, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | -3.53 | — |
| 2004 | -3.14 | -11.1% |
| 2005 | -4.97 | +58.5% |
| 2006 | 0.0098 | -100.2% |
| 2007 | 5.54 | +56469.4% |
| 2008 | 5.22 | -5.8% |
| 2009 | -6.82 | -230.7% |
| 2010 | -3.71 | -45.6% |
| 2011 | 6.15 | -265.7% |
| 2012 | -5.35 | -187.1% |
| 2013 | 4.08 | -176.3% |
| 2014 | 1.85 | -54.8% |
| 2015 | 9.6 | +419.9% |
| 2016 | 5.02 | -47.7% |
| 2017 | 5.09 | +1.4% |
| 2018 | 1.04 | -79.6% |
| 2019 | 16.76 | +1515.6% |
| 2020 | -2.62 | -115.6% |
| 2021 | -0.6431 | -75.5% |
| 2022 | -14.39 | +2137.9% |
| 2023 | 9.16 | -163.6% |
| 2024 | 5.65 | -38.3% |
| 2025 | 1.85 | -67.3% |
| 2026 | 2.23 | +20.4% |
| 2027 | 2.07 | -7.0% |
| 2028 | 2.01 | -3.0% |
| 2029 | 1.71 | -15.0% |
| 2030 | 1.5 | -12.0% |
| 2031 | 1.34 | -10.6% |
Tuvalu compared with similar countries
- Tuvalu's 1.34 is below the median for upper middle income countries, which is 2.77, 49% of the median. (15 countries reporting)
- Tuvalu's 1.34 is below the median for East Asia & Pacific, which is 1.7, 79% of the median. (30 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Purchasing power 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 |
|---|---|---|---|
| 2007 | +56469.4% | 0.0098 | 5.54 |
| 2022 | -2137.9% | -0.6431 | -14.39 |
| 2019 | +1515.6% | 1.04 | 16.76 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.1 | -6.82 | 5.54 | 7 |
| 2010s | 4.05 | -5.35 | 16.76 | 10 |
| 2020s | 0.7016 | -14.39 | 9.16 | 10 |
| 2030s | 1.42 | 1.34 | 1.5 | 2 |
Countries ranked near Tuvalu
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$), annual growth rate -0.2777 % change on previous year (2015)
- GDP (constant LCU), per capita 6,532 constant LCU per person (2025)
- Net primary income (Net income from abroad) (current LCU), annual 32.15 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 31.26 % change on previous year (2024)
- GNI (current LCU), per capita 15,264 current LCU per person (2025)
- GNI (current LCU), per unit of GDP 2.53 current LCU per US$ of GDP (2025)
- GNI (current LCU), annual growth rate 21.62 % change on previous year (2025)
- GNI, Atlas method (current US$), annual growth rate 20.69 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, purchasing power in Tuvalu?
- Gross domestic product (gdp), constant prices, purchasing power in Tuvalu was 1.34 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Tuvalu?
- The highest recorded value was 16.76 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Tuvalu?
- The lowest recorded value was -14.39 in 2022.
- How does Tuvalu rank for gross domestic product (gdp), constant prices, purchasing power?
- Tuvalu ranks 29th out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Tuvalu?
- Over the last ten years it is up 308.7%. 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, Purchasing power parity (PPP) per capita percent change (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.