Net secondary income (BoP, current US$), annual growth rate in Tuvalu
Tuvalu: Net secondary income (BoP, current US$), annual growth rate was 127.41 % change on previous year in 2023. ◆ Volatile
Net secondary income (BoP, current US$), annual growth rate in Tuvalu, 2002–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for net secondary income (bop, current us$), annual growth rate in Tuvalu is 127.41 % change on previous year, measured in 2023. That is the highest value across all 22 years on record.
That represents a change of up 311.8% on the previous year and up 302.1% over ten years.
Over the whole period, net secondary income (bop, current us$), annual growth rate in Tuvalu peaked at 127.41 % change on previous year in 2023 and was at its lowest, -63.03 % change on previous year, in 2013.
Tuvalu ranks 9th of 199 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (BoP, current US$), annual growth rate in Tuvalu, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2002 | 5.24 % change on previous year | — |
| 2003 | 20.69 % change on previous year | +295.0% |
| 2004 | 16.12 % change on previous year | -22.1% |
| 2005 | -9.45 % change on previous year | -158.6% |
| 2006 | 109.86 % change on previous year | -1262.4% |
| 2007 | -13.71 % change on previous year | -112.5% |
| 2008 | 27.22 % change on previous year | -298.6% |
| 2009 | 0.1092 % change on previous year | -99.6% |
| 2010 | -6.3 % change on previous year | -5865.3% |
| 2011 | 6.5 % change on previous year | -203.2% |
| 2012 | 51.84 % change on previous year | +697.7% |
| 2013 | -63.03 % change on previous year | -221.6% |
| 2014 | 89.46 % change on previous year | -241.9% |
| 2015 | 14.81 % change on previous year | -83.4% |
| 2016 | 20.78 % change on previous year | +40.4% |
| 2017 | -15.73 % change on previous year | -175.7% |
| 2018 | 42.17 % change on previous year | -368.1% |
| 2019 | -25.42 % change on previous year | -160.3% |
| 2020 | 3.07 % change on previous year | -112.1% |
| 2021 | 68.36 % change on previous year | +2127.6% |
| 2022 | -60.16 % change on previous year | -188.0% |
| 2023 | 127.41 % change on previous year | -311.8% |
Tuvalu compared with similar countries
- Tuvalu's 127.41 % change on previous year is above the median for upper middle income countries, which is 5.64 % change on previous year, 22.6× the median. (57 countries reporting)
- Tuvalu's 127.41 % change on previous year is above the median for East Asia & Pacific, which is -0.1992 % change on previous year. (33 countries reporting)
Biggest year-on-year movements
Years where Net secondary income (BoP, current US$), annual growth rate in Tuvalu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | -5865.3% | 0.1092 % change on previous year | -6.3 % change on previous year |
| 2021 | +2127.6% | 3.07 % change on previous year | 68.36 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.51 % change on previous year | -13.71 % change on previous year | 109.86 % change on previous year | 8 |
| 2010s | 11.51 % change on previous year | -63.03 % change on previous year | 89.46 % change on previous year | 10 |
| 2020s | 34.67 % change on previous year | -60.16 % change on previous year | 127.41 % change on previous year | 4 |
Countries ranked near Tuvalu
- 6 Venezuela 212.26 % change on previous year compare
- 7 Papua New Guinea 182.29 % change on previous year compare
- 8 South Sudan 135.49 % change on previous year compare
- 10 Poland 86.74 % change on previous year compare
- 11 Gabon 82.92 % change on previous year compare
- 12 Benin 62.94 % change on previous year compare
More economy & growth data for Tuvalu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.93 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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 net secondary income (bop, current us$), annual growth rate in Tuvalu?
- Net secondary income (bop, current us$), annual growth rate in Tuvalu was 127.41 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest net secondary income (bop, current us$), annual growth rate recorded in Tuvalu?
- The highest recorded value was 127.41 % change on previous year in 2023.
- What is the lowest net secondary income (bop, current us$), annual growth rate recorded in Tuvalu?
- The lowest recorded value was -63.03 % change on previous year in 2013.
- How does Tuvalu rank for net secondary income (bop, current us$), annual growth rate?
- Tuvalu ranks 9th out of 199 countries with data for 2023.
- Is net secondary income (bop, current us$), annual growth rate rising or falling in Tuvalu?
- Over the last ten years it is up 302.1%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from Statizoid (derived), published as part of Net secondary income (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net secondary income (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net secondary income Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net secondary income (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.