Real gdp growth in Tuvalu
Tuvalu: Real gdp growth was 3.08 in 2024. ◆ Volatile
Real gdp growth in Tuvalu, 2001–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Tuvalu is 3.08, measured in 2024.
The figure is down 23.5% on the previous year and up 84.7% over ten years.
Over the whole period, real gdp growth in Tuvalu peaked at 13.43 in 2019 and was at its lowest, -11.75, in 2022.
Tuvalu ranks 115th of 196 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.
Real gdp growth in Tuvalu, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 0.695 | — |
| 2002 | 8.32 | +1096.7% |
| 2003 | -4.35 | -152.3% |
| 2004 | -1.89 | -56.6% |
| 2005 | -3.75 | +98.4% |
| 2006 | 1.3 | -134.7% |
| 2007 | 6.91 | +430.7% |
| 2008 | 6.58 | -4.7% |
| 2009 | -5.62 | -185.4% |
| 2010 | -2.47 | -56.1% |
| 2011 | 7.52 | -404.7% |
| 2012 | -2.85 | -137.9% |
| 2013 | 3.81 | -233.4% |
| 2014 | 1.67 | -56.2% |
| 2015 | 9.38 | +462.6% |
| 2016 | 4.78 | -49.1% |
| 2017 | 3.32 | -30.4% |
| 2018 | 1.68 | -49.4% |
| 2019 | 13.43 | +699.2% |
| 2020 | -3.27 | -124.4% |
| 2021 | 0.097 | -103.0% |
| 2022 | -11.75 | -12214.4% |
| 2023 | 4.03 | -134.3% |
| 2024 | 3.08 | -23.5% |
Tuvalu compared with similar countries
- Tuvalu's 3.08 is below the median for upper middle income countries, which is 3.49, 88% of the median. (57 countries reporting)
- Tuvalu's 3.08 is below the median for East Asia & Pacific, which is 4.05, 76% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth 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 |
|---|---|---|---|
| 2022 | -12214.4% | 0.097 | -11.75 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9102 | -5.62 | 8.32 | 9 |
| 2010s | 4.03 | -2.85 | 13.43 | 10 |
| 2020s | -1.56 | -11.75 | 4.03 | 5 |
Countries ranked near Tuvalu
- 112 Croatia, Republic of 3.15 compare
- 113 Bulgaria 3.1 compare
- 114 Pakistan 3.09 compare
- 116 Maldives 3.07 compare
- 117 Afghanistan, Islamic Republic of 3 compare
- 118 Marshall Islands, Republic of the 3 compare
More economy & growth data for Tuvalu
- Real gdp growth, annual growth rate -23.54 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.95 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0829 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 501.07 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0616 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0606 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 365.88 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is real gdp growth in Tuvalu?
- Real gdp growth in Tuvalu was 3.08 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Tuvalu?
- The highest recorded value was 13.43 in 2019.
- What is the lowest real gdp growth recorded in Tuvalu?
- The lowest recorded value was -11.75 in 2022.
- How does Tuvalu rank for real gdp growth?
- Tuvalu ranks 115th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Tuvalu?
- Over the last ten years it is up 84.7%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
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