Personal remittances, paid (current US$), per unit of GDP in Tuvalu
Tuvalu: Personal remittances, paid (current US$), per unit of GDP was 0.044 current US$ per US$ of GDP in 2023. ▬ Flat
Personal remittances, paid (current US$), per unit of GDP in Tuvalu, 2001–2023
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2023, personal remittances, paid (current us$), per unit of gdp in Tuvalu stood at 0.044 current US$ per US$ of GDP.
That represents a change of up 32.4% on the previous year and up 24.1% over ten years.
Over the whole period, personal remittances, paid (current us$), per unit of gdp in Tuvalu peaked at 0.0684 current US$ per US$ of GDP in 2012 and was at its lowest, 0.0154 current US$ per US$ of GDP, in 2003.
That places Tuvalu 21st out of 195 countries with data for 2023, putting it in the top quarter.
Personal remittances, paid (current US$), per unit of GDP in Tuvalu, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2001 | 0.0263 current US$ per US$ of GDP | — |
| 2002 | 0.0261 current US$ per US$ of GDP | -0.5% |
| 2003 | 0.0154 current US$ per US$ of GDP | -40.9% |
| 2004 | 0.0218 current US$ per US$ of GDP | +41.2% |
| 2005 | 0.0309 current US$ per US$ of GDP | +41.6% |
| 2006 | 0.0504 current US$ per US$ of GDP | +63.4% |
| 2007 | 0.0476 current US$ per US$ of GDP | -5.6% |
| 2008 | 0.0433 current US$ per US$ of GDP | -9.0% |
| 2009 | 0.0497 current US$ per US$ of GDP | +14.7% |
| 2010 | 0.059 current US$ per US$ of GDP | +18.7% |
| 2011 | 0.0603 current US$ per US$ of GDP | +2.2% |
| 2012 | 0.0684 current US$ per US$ of GDP | +13.6% |
| 2013 | 0.0355 current US$ per US$ of GDP | -48.2% |
| 2014 | 0.0337 current US$ per US$ of GDP | -5.0% |
| 2015 | 0.0304 current US$ per US$ of GDP | -9.9% |
| 2016 | 0.027 current US$ per US$ of GDP | -11.0% |
| 2017 | 0.0243 current US$ per US$ of GDP | -10.0% |
| 2018 | 0.0248 current US$ per US$ of GDP | +1.9% |
| 2019 | 0.0231 current US$ per US$ of GDP | -6.9% |
| 2020 | 0.0259 current US$ per US$ of GDP | +12.3% |
| 2021 | 0.0393 current US$ per US$ of GDP | +51.6% |
| 2022 | 0.0333 current US$ per US$ of GDP | -15.3% |
| 2023 | 0.044 current US$ per US$ of GDP | +32.4% |
Tuvalu compared with similar countries
- Tuvalu's 0.044 current US$ per US$ of GDP is above the median for upper middle income countries, which is 0.0083 current US$ per US$ of GDP, 5.3× the median. (54 countries reporting)
- Tuvalu's 0.044 current US$ per US$ of GDP is above the median for East Asia & Pacific, which is 0.0086 current US$ per US$ of GDP, 5.1× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0346 current US$ per US$ of GDP | 0.0154 current US$ per US$ of GDP | 0.0504 current US$ per US$ of GDP | 9 |
| 2010s | 0.0386 current US$ per US$ of GDP | 0.0231 current US$ per US$ of GDP | 0.0684 current US$ per US$ of GDP | 10 |
| 2020s | 0.0356 current US$ per US$ of GDP | 0.0259 current US$ per US$ of GDP | 0.044 current US$ per US$ of GDP | 4 |
Countries ranked near Tuvalu
- 18 Micronesia, Federated States of 0.0548 current US$ per US$ of GDP compare
- 19 Macau, China 0.0496 current US$ per US$ of GDP compare
- 20 Saudi Arabia 0.046 current US$ per US$ of GDP compare
- 22 Curaçao 0.0432 current US$ per US$ of GDP compare
- 23 Tonga 0.0429 current US$ per US$ of GDP compare
- 24 Switzerland 0.0409 current US$ per US$ of GDP 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 personal remittances, paid (current us$), per unit of gdp in Tuvalu?
- Personal remittances, paid (current us$), per unit of gdp in Tuvalu was 0.044 current US$ per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest personal remittances, paid (current us$), per unit of gdp recorded in Tuvalu?
- The highest recorded value was 0.0684 current US$ per US$ of GDP in 2012.
- What is the lowest personal remittances, paid (current us$), per unit of gdp recorded in Tuvalu?
- The lowest recorded value was 0.0154 current US$ per US$ of GDP in 2003.
- How does Tuvalu rank for personal remittances, paid (current us$), per unit of gdp?
- Tuvalu ranks 21st out of 195 countries with data for 2023.
- Is personal remittances, paid (current us$), per unit of gdp rising or falling in Tuvalu?
- Over the last ten years it is up 24.1%. The long-run trend across the full record is flat.
- Where does this Tuvalu data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, paid (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, paid (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, paid IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.