Trade in services in Tuvalu
Tuvalu: Trade in services was 84.5% in 2023. ▬ Flat
Trade in services in Tuvalu, 2001–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Tuvalu is 84.5%, measured in 2023.
That represents a change of up 35.9% on the previous year and up 0.5% over ten years.
Over the whole period, trade in services in Tuvalu peaked at 121.9% in 2011 and was at its lowest, 48.6%, in 2021.
Tuvalu ranks 15th of 199 countries on this measure, in the top 10%.
Trade in services in Tuvalu, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 73.3% | — |
| 2002 | 72.0% | -1.8% |
| 2003 | 84.3% | +17.0% |
| 2004 | 74.7% | -11.4% |
| 2005 | 51.7% | -30.8% |
| 2006 | 59.3% | +14.7% |
| 2007 | 86.6% | +46.1% |
| 2008 | 105.7% | +22.0% |
| 2009 | 107.6% | +1.8% |
| 2010 | 116.8% | +8.6% |
| 2011 | 121.9% | +4.3% |
| 2012 | 82.4% | -32.4% |
| 2013 | 84.1% | +2.1% |
| 2014 | 93.1% | +10.8% |
| 2015 | 114.1% | +22.5% |
| 2016 | 104.8% | -8.1% |
| 2017 | 103.4% | -1.3% |
| 2018 | 101.1% | -2.3% |
| 2019 | 98.1% | -3.0% |
| 2020 | 62.5% | -36.3% |
| 2021 | 48.6% | -22.2% |
| 2022 | 62.2% | +27.9% |
| 2023 | 84.5% | +35.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 79.5% | 51.7% | 107.6% | 9 |
| 2010s | 102.0% | 82.4% | 121.9% | 10 |
| 2020s | 64.4% | 48.6% | 84.5% | 4 |
Countries ranked near Tuvalu
- 12 Sint Maarten (Dutch part) 95.1% compare
- 13 Naoero 91.0% compare
- 14 Cayman Islands 87.1% compare
- 16 Suriname 84.2% compare
- 17 Equatorial Guinea 81.5%
- 18 Grenada 81.2% compare
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$), per unit of GDP 0.1529 current US$ per US$ of GDP (2015)
- GNI, Atlas method (current US$), annual growth rate 20.69 % change on previous year (2025)
- Taxes less subsidies on products (current US$), 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$), annual 31.26 % change on previous year (2024)
- GNI (current LCU), per capita 15,264 current LCU per person (2025)
- GNI (current LCU), per unit of GDP 2.53 current LCU per US$ of GDP (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.62 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Tuvalu?
- Trade in services in Tuvalu was 84.5% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Tuvalu?
- The highest recorded value was 121.9% in 2011.
- What is the lowest trade in services recorded in Tuvalu?
- The lowest recorded value was 48.6% in 2021.
- How does Tuvalu rank for trade in services?
- Tuvalu ranks 15th out of 199 countries with data for 2023.
- Is trade in services rising or falling in Tuvalu?
- Over the last ten years it is up 0.5%. The long-run trend across the full record is flat.
- Where does this Tuvalu data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.