[ Nominal GDP in billion of USD ]
Year -
$0.06 billion
Tuvalu GDP contracted from 1970 to 2023, increasing from $0.00 billion to $0.06 billion.The economy recorded its peak level in 2021 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 50%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2023 | 2023 |
| Latest GDP | $ 0.06 Billions | $ 0.06 Int Billions |
| Growth (YoY) | 5.442% | 6.739% |
| Net Change vs Previous Year | $ 0.00 Billion | $ 0.00 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0 | - | - | - | - | - |
| 1971 | 0 | 0 | 5.067 % | - | - | - |
| 1972 | 0 | 0 | 9.255 % | - | - | - |
| 1973 | 0 | 0 | 14.939 % | - | - | - |
| 1974 | 0 | 0 | 20.822 % | - | - | - |
| 1975 | 0 | 0 | -2.61 % | - | - | - |
| 1976 | 0 | 0 | -2.383 % | - | - | - |
| 1977 | 0 | 0 | -6.37 % | - | - | - |
| 1978 | 0 | 0 | 3.525 % | - | - | - |
| 1979 | 0 | 0 | 7.025 % | - | - | - |
| 1980 | 0 | 0 | 3.455 % | - | - | - |
| 1981 | 0 | 0 | 13.478 % | - | - | - |
| 1982 | 0 | 0 | -13.704 % | - | - | - |
| 1983 | 0 | 0 | 0.816 % | - | - | - |
| 1984 | 0 | 0 | 7.933 % | - | - | - |
| 1985 | 0 | 0 | -13.814 % | - | - | - |
| 1986 | 0 | 0 | 18.428 % | - | - | - |
| 1987 | 0.01 | 0 | 9.745 % | - | - | - |
| 1988 | 0.01 | 0 | 39.648 % | - | - | - |
| 1989 | 0.01 | 0 | 20.588 % | - | - | - |
| 1990 | 0.01 | 0 | 12.873 % | 0.01 | - | - |
| 1991 | 0.01 | 0 | 6.124 % | 0.02 | 0 | 7.113 % |
| 1992 | 0.01 | 0 | 4.026 % | 0.02 | 0 | 5.131 % |
| 1993 | 0.01 | 0 | -1.145 % | 0.02 | 0 | 6.579 % |
| 1994 | 0.01 | 0 | 13.042 % | 0.02 | 0 | 12.638 % |
| 1995 | 0.01 | 0 | 1.274 % | 0.02 | 0 | -3.013 % |
| 1996 | 0.01 | 0 | 11.876 % | 0.02 | 0 | -4.24 % |
| 1997 | 0.01 | 0 | 2.966 % | 0.02 | 0 | 11.9 % |
| 1998 | 0.01 | 0 | 0.444 % | 0.02 | 0 | 16.799 % |
| 1999 | 0.01 | 0 | 7.288 % | 0.02 | 0 | -0.171 % |
| 2000 | 0.02 | 0 | 1.848 % | 0.02 | 0 | 2.632 % |
| 2001 | 0.01 | 0 | -7.359 % | 0.02 | 0 | 0.388 % |
| 2002 | 0.02 | 0 | 20.609 % | 0.03 | 0 | 12.737 % |
| 2003 | 0.02 | 0 | 15.518 % | 0.03 | 0 | -4.27 % |
| 2004 | 0.02 | 0 | 17.177 % | 0.03 | 0 | 1.059 % |
| 2005 | 0.02 | 0 | 0.49 % | 0.03 | 0 | -0.101 % |
| 2006 | 0.02 | 0 | 5.181 % | 0.03 | 0 | 3.372 % |
| 2007 | 0.03 | 0 | 18.066 % | 0.03 | 0 | 10.235 % |
| 2008 | 0.03 | 0 | 12.036 % | 0.03 | 0 | 9.942 % |
| 2009 | 0.03 | 0 | -11.914 % | 0.03 | 0 | -5.085 % |
| 2010 | 0.03 | 0 | 14.348 % | 0.03 | 0 | -3.041 % |
| 2011 | 0.04 | 0.01 | 22.088 % | 0.03 | 0 | 9.523 % |
| 2012 | 0.04 | 0 | 0.379 % | 0.03 | 0 | 1.252 % |
| 2013 | 0.04 | 0 | -1.855 % | 0.04 | 0 | 4.002 % |
| 2014 | 0.04 | 0 | 0.376 % | 0.04 | 0 | 4.161 % |
| 2015 | 0.04 | 0 | -5.028 % | 0.04 | 0 | 10.228 % |
| 2016 | 0.04 | 0 | 13.086 % | 0.04 | 0 | 6.435 % |
| 2017 | 0.05 | 0 | 8.762 % | 0.05 | 0 | 4.274 % |
| 2018 | 0.05 | 0 | 6.049 % | 0.05 | 0 | 3.712 % |
| 2019 | 0.05 | 0.01 | 12.721 % | 0.06 | 0.01 | 15.696 % |
| 2020 | 0.05 | 0 | -4.391 % | 0.05 | 0 | -3.371 % |
| 2021 | 0.06 | 0.01 | 16.329 % | 0.05 | 0 | 2.445 % |
| 2022 | 0.06 | 0 | -1.878 % | 0.06 | 0 | 3.661 % |
| 2023 | 0.06 | 0 | 5.442 % | 0.06 | 0 | 6.739 % |
| 2024 | - | - | - | - | - | - |
Between 1970 to 2023, Tuvalu experienced the following economic phases:
The most remarkable growth occurred in 1988 with an increase of 39.648%, while the largest decline was in 1985 at -13.814%.