Gross Domestic Product — Value US$, 2015 prices in Tuvalu
Tuvalu: Gross Domestic Product — Value US$, 2015 prices was 48.04 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Tuvalu, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Tuvalu is 48.04 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 46.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Tuvalu peaked at 48.04 million USD in 2024 and was at its lowest, 8.11 million USD, in 1982.
Tuvalu ranks 203rd of 203 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Tuvalu, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 11.08 million USD | — |
| 1971 | 10.91 million USD | -1.6% |
| 1972 | 10.69 million USD | -1.9% |
| 1973 | 10.49 million USD | -1.9% |
| 1974 | 10.31 million USD | -1.7% |
| 1975 | 10.16 million USD | -1.5% |
| 1976 | 10.07 million USD | -0.8% |
| 1977 | 9.69 million USD | -3.7% |
| 1978 | 9.52 million USD | -1.8% |
| 1979 | 9.48 million USD | -0.4% |
| 1980 | 9.42 million USD | -0.6% |
| 1981 | 9.66 million USD | +2.6% |
| 1982 | 8.11 million USD | -16.0% |
| 1983 | 8.84 million USD | +9.0% |
| 1984 | 9.5 million USD | +7.5% |
| 1985 | 9.33 million USD | -1.8% |
| 1986 | 11.44 million USD | +22.6% |
| 1987 | 12.84 million USD | +12.3% |
| 1988 | 15.32 million USD | +19.3% |
| 1989 | 15.02 million USD | -1.9% |
| 1990 | 17.33 million USD | +15.4% |
| 1991 | 17.95 million USD | +3.6% |
| 1992 | 18.45 million USD | +2.8% |
| 1993 | 19.21 million USD | +4.1% |
| 1994 | 21.19 million USD | +10.3% |
| 1995 | 20.13 million USD | -5.0% |
| 1996 | 18.93 million USD | -6.0% |
| 1997 | 19.99 million USD | +5.6% |
| 1998 | 23.93 million USD | +19.7% |
| 1999 | 23.81 million USD | -0.5% |
| 2000 | 26.98 million USD | +13.3% |
| 2001 | 27.37 million USD | +1.5% |
| 2002 | 29.49 million USD | +7.7% |
| 2003 | 28.57 million USD | -3.1% |
| 2004 | 28.09 million USD | -1.7% |
| 2005 | 26.93 million USD | -4.1% |
| 2006 | 27.71 million USD | +2.9% |
| 2007 | 29.47 million USD | +6.3% |
| 2008 | 31.56 million USD | +7.1% |
| 2009 | 30.26 million USD | -4.1% |
| 2010 | 29.25 million USD | -3.3% |
| 2011 | 31.44 million USD | +7.5% |
| 2012 | 30.22 million USD | -3.9% |
| 2013 | 32.05 million USD | +6.1% |
| 2014 | 32.78 million USD | +2.3% |
| 2015 | 36.19 million USD | +10.4% |
| 2016 | 38.71 million USD | +6.9% |
| 2017 | 40.03 million USD | +3.4% |
| 2018 | 40.59 million USD | +1.4% |
| 2019 | 46.17 million USD | +13.7% |
| 2020 | 44.22 million USD | -4.2% |
| 2021 | 44.77 million USD | +1.3% |
| 2022 | 44.91 million USD | +0.3% |
| 2023 | 46.65 million USD | +3.9% |
| 2024 | 48.04 million USD | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.24 million USD | 9.48 million USD | 11.08 million USD | 10 |
| 1980s | 10.95 million USD | 8.11 million USD | 15.32 million USD | 10 |
| 1990s | 20.09 million USD | 17.33 million USD | 23.93 million USD | 10 |
| 2000s | 28.64 million USD | 26.93 million USD | 31.56 million USD | 10 |
| 2010s | 35.74 million USD | 29.25 million USD | 46.17 million USD | 10 |
| 2020s | 45.72 million USD | 44.22 million USD | 48.04 million USD | 5 |
Countries ranked near Tuvalu
- 200 Marshall Islands 216.1 million USD compare
- 201 Nauru 126.26 million USD compare
- 202 Montserrat 87.16 million USD compare
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)
- Taxes less subsidies on products (current LCU), per capita 682.23 current LCU per person (2015)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 2.05 (2025)
- 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 LCU), annual growth rate 19.65 % change on previous year (2015)
- Taxes less subsidies on products (current US$), per capita 512.54 current US$ per person (2015)
- Net primary income (Net income from abroad) (current LCU), annual 32.15 % change on previous year (2024)
- GNI (current LCU), per capita 15,264 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 31.26 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Tuvalu?
- Gross domestic product — value us$, 2015 prices in Tuvalu was 48.04 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Tuvalu?
- The highest recorded value was 48.04 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Tuvalu?
- The lowest recorded value was 8.11 million USD in 1982.
- How does Tuvalu rank for gross domestic product — value us$, 2015 prices?
- Tuvalu ranks 203rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Tuvalu?
- Over the last ten years it is up 46.6%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).