Personal remittances, received in Tuvalu
Tuvalu: Personal remittances, received was 5.1% in 2023. ◆ Volatile
Personal remittances, received in Tuvalu, 2001–2023
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
Tuvalu recorded 5.1% for personal remittances, received in 2023.
The figure is up 12.4% on the previous year and down 45.8% over ten years.
Over the whole period, personal remittances, received in Tuvalu peaked at 39.3% in 2002 and was at its lowest, 4.2%, in 2020.
Tuvalu ranks 60th of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Tuvalu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 30.1% | — |
| 2002 | 39.3% | +30.8% |
| 2003 | 25.9% | -34.1% |
| 2004 | 21.2% | -18.0% |
| 2005 | 21.6% | +1.6% |
| 2006 | 15.1% | -30.1% |
| 2007 | 19.6% | +30.1% |
| 2008 | 18.9% | -3.9% |
| 2009 | 17.3% | -8.2% |
| 2010 | 12.1% | -30.2% |
| 2011 | 11.6% | -4.4% |
| 2012 | 9.9% | -14.7% |
| 2013 | 9.5% | -3.9% |
| 2014 | 8.4% | -11.4% |
| 2015 | 7.2% | -14.6% |
| 2016 | 6.2% | -14.0% |
| 2017 | 6.1% | -1.8% |
| 2018 | 5.6% | -8.2% |
| 2019 | 4.5% | -19.2% |
| 2020 | 4.2% | -6.3% |
| 2021 | 4.8% | +13.8% |
| 2022 | 4.6% | -4.6% |
| 2023 | 5.1% | +12.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.2% | 15.1% | 39.3% | 9 |
| 2010s | 8.1% | 4.5% | 12.1% | 10 |
| 2020s | 4.7% | 4.2% | 5.1% | 4 |
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$), per capita 512.54 current US$ per person (2015)
- 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 US$), per unit of GDP 0.1529 current US$ per US$ of GDP (2015)
- Taxes less subsidies on products (current US$), annual growth rate -0.2777 % change on previous year (2015)
- Net primary income (Net income from abroad) (current LCU), annual 32.15 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 31.26 % change on previous year (2024)
- GNI (current US$), per capita 9,835 current US$ per person (2025)
- GNI (current US$), annual growth rate 18.75 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Tuvalu?
- Personal remittances, received in Tuvalu was 5.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Tuvalu?
- The highest recorded value was 39.3% in 2002.
- What is the lowest personal remittances, received recorded in Tuvalu?
- The lowest recorded value was 4.2% in 2020.
- How does Tuvalu rank for personal remittances, received?
- Tuvalu ranks 60th out of 195 countries with data for 2023.
- Is personal remittances, received rising or falling in Tuvalu?
- Over the last ten years it is down 45.8%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.