World Factbook

Tuvalu

Last updated: 2026-03-28 (today)

Budget

note

note: revenue data include Official Development Assistance from Australia

revenues

$87 million (2019 est.)

expenditures

$88 million (2019 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2020

$3.089 million (2020 est.)

Exports 2021

$2.745 million (2021 est.)

Exports 2022

$2.232 million (2022 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2020

$56.947 million (2020 est.)

Imports 2021

$63.962 million (2021 est.)

Imports 2022

$57.388 million (2022 est.)

Industries

fishing

Public debt

Public debt 2016

47.2% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

4.9% of GDP (2021 est.)

Remittances 2022

4.2% of GDP (2022 est.)

Remittances 2023

4.2% of GDP (2023 est.)

Exchange rates

Currency

Tuvaluan dollars or Australian dollars (AUD) per US dollar -

Exchange rates 2020

1.453 (2020 est.)

Exchange rates 2021

1.331 (2021 est.)

Exchange rates 2022

1.442 (2022 est.)

Exchange rates 2023

1.505 (2023 est.)

Exchange rates 2024

1.515 (2024 est.)

Economic overview

upper middle-income Pacific island economy; extremely environmentally fragile; currency pegged to Australian dollar; large international aid recipient; subsistence agrarian sector; Te Kakeega sustainable development; domain name licensing incomes

Exports - partners

Thailand 88%, Japan 6%, Philippines 3%, Ireland 1%, USA 1% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 42%, Fiji 24%, Japan 11%, Australia 11%, NZ 4% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2021

$5,400 (2021 est.)

Real GDP per capita 2022

$5,500 (2022 est.)

Real GDP per capita 2023

$5,800 (2023 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2021

1.8% (2021 est.)

Real GDP growth rate 2022

0.7% (2022 est.)

Real GDP growth rate 2023

3.9% (2023 est.)

Agricultural products

coconuts, vegetables, tropical fruits, bananas, root vegetables, pork, chicken, eggs, pork fat, pork offal (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

fish (2023)

note: top export commodities based on value in dollars over $500,000

Imports - commodities

ships, refined petroleum, iron structures, fish, hand tools (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2020

$8.46 million (2020 est.)

Current account balance 2021

$14.533 million (2021 est.)

Current account balance 2022

$2.713 million (2022 est.)

GDP (official exchange rate)

$62.28 million (2023 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2020

1.9% (2020 est.)

Inflation rate (consumer prices) 2021

6.2% (2021 est.)

Inflation rate (consumer prices) 2022

11.5% (2022 est.)

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2021

$54.568 million (2021 est.)

Real GDP (purchasing power parity) 2022

$54.938 million (2022 est.)

Real GDP (purchasing power parity) 2023

$57.055 million (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

7% (2015 est.)

services

70% (2012 est.)

agriculture

15.9% (2015 est.)