Volume of remittances (in United States dollars) as a proportion of in Tuvalu
Tuvalu: Volume of remittances (in United States dollars) as a proportion of was 4.2% in 2023. ◆ Volatile
Volume of remittances (in United States dollars) as a proportion of in Tuvalu, 2001–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Tuvalu is 4.2%, measured in 2023. That is the lowest value across all 23 years on record.
Compared with earlier readings it is down 0.5% on the previous year and down 56.2% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Tuvalu peaked at 38.8% in 2002 and was at its lowest, 4.2%, in 2023.
That places Tuvalu 72nd out of 203 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Volume of remittances (in United States dollars) as a proportion of in Tuvalu, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 30.4% | — |
| 2002 | 38.8% | +27.6% |
| 2003 | 26.1% | -32.8% |
| 2004 | 21.3% | -18.3% |
| 2005 | 21.5% | +1.0% |
| 2006 | 15.2% | -29.4% |
| 2007 | 19.7% | +29.6% |
| 2008 | 18.7% | -5.0% |
| 2009 | 17.2% | -8.1% |
| 2010 | 12.2% | -29.0% |
| 2011 | 11.7% | -4.2% |
| 2012 | 9.7% | -16.6% |
| 2013 | 9.5% | -2.5% |
| 2014 | 8.4% | -12.0% |
| 2015 | 7.2% | -14.5% |
| 2016 | 6.1% | -14.5% |
| 2017 | 6.1% | -1.0% |
| 2018 | 5.6% | -8.2% |
| 2019 | 4.4% | -20.1% |
| 2020 | 4.3% | -4.3% |
| 2021 | 4.9% | +15.2% |
| 2022 | 4.2% | -14.6% |
| 2023 | 4.2% | -0.5% |
Tuvalu compared with similar countries
- Tuvalu's 4.2% is above the median for upper middle income countries, which is 3.6%, 1.1× the median. (53 countries reporting)
- Tuvalu's 4.2% is above the median for East Asia & Pacific, which is 3.8%, 1.1× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.2% | 15.2% | 38.8% | 9 |
| 2010s | 8.1% | 4.4% | 12.2% | 10 |
| 2020s | 4.4% | 4.2% | 4.9% | 4 |
Countries ranked near Tuvalu
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 volume of remittances (in united states dollars) as a proportion of in Tuvalu?
- Volume of remittances (in united states dollars) as a proportion of in Tuvalu was 4.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Tuvalu?
- The highest recorded value was 38.8% in 2002.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Tuvalu?
- The lowest recorded value was 4.2% in 2023.
- How does Tuvalu rank for volume of remittances (in united states dollars) as a proportion of?
- Tuvalu ranks 72nd out of 203 countries with data for 2023.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Tuvalu?
- Over the last ten years it is down 56.2%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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