Tuvalu - GDP

GDP (current US$)

The latest value for GDP (current US$) in Tuvalu was $48,855,550 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between $48,855,550 in 2020 and $8,824,448 in 1990.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 $8,824,448
1991 $9,365,166
1992 $9,742,949
1993 $9,630,763
1994 $10,886,830
1995 $11,025,950
1996 $12,334,850
1997 $12,700,910
1998 $12,757,630
1999 $13,687,140
2000 $13,742,060
2001 $13,196,550
2002 $15,450,990
2003 $18,231,080
2004 $21,534,930
2005 $21,839,100
2006 $22,902,860
2007 $27,030,370
2008 $30,290,220
2009 $27,101,080
2010 $31,823,520
2011 $38,711,810
2012 $37,671,780
2013 $37,509,080
2014 $37,290,610
2015 $35,492,080
2016 $36,547,800
2017 $40,619,250
2018 $42,588,160
2019 $47,271,460
2020 $48,855,550

GDP (current LCU)

The value for GDP (current LCU) in Tuvalu was 70,992,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 70,992,000 in 2020 and a minimum value of 11,305,000 in 1990.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1990 11,305,000
1991 12,023,000
1992 13,266,000
1993 14,163,000
1994 14,891,000
1995 14,874,000
1996 15,762,700
1997 17,113,200
1998 20,307,600
1999 21,213,700
2000 23,702,300
2001 25,514,200
2002 28,439,100
2003 28,110,500
2004 29,283,200
2005 28,598,300
2006 30,415,000
2007 32,304,000
2008 36,112,000
2009 34,749,000
2010 34,694,000
2011 37,531,100
2012 36,383,400
2013 38,851,900
2014 41,370,200
2015 47,243,500
2016 49,164,100
2017 53,000,000
2018 57,000,000
2019 68,000,000
2020 70,992,000

GDP at market prices: linked series (current LCU)

The latest value for GDP at market prices: linked series (current LCU) in Tuvalu was 70,992,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 70,992,000 in 2020 and 11,305,000 in 1990.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

Year Value
1990 11,305,000
1991 12,023,000
1992 13,266,000
1993 14,163,000
1994 14,891,000
1995 14,874,000
1996 15,762,700
1997 17,113,200
1998 20,307,600
1999 21,213,700
2000 23,702,300
2001 25,514,200
2002 28,439,100
2003 28,110,500
2004 29,283,200
2005 28,598,300
2006 30,415,000
2007 32,304,000
2008 36,112,000
2009 34,749,000
2010 34,694,000
2011 37,531,100
2012 36,383,400
2013 38,851,900
2014 41,370,200
2015 47,243,500
2016 49,164,100
2017 53,000,000
2018 57,000,000
2019 68,000,000
2020 70,992,000

GDP (constant 2010 US$)

The latest value for GDP (constant 2010 US$) in Tuvalu was 44,708,880 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 44,708,880 in 2020 and 19,994,710 in 1990.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 19,994,710
1991 20,716,350
1992 21,294,100
1993 22,169,440
1994 24,449,230
1995 23,225,680
1996 21,841,120
1997 24,025,930
1998 27,750,240
1999 27,316,290
2000 27,051,160
2001 27,493,200
2002 29,661,360
2003 28,672,590
2004 28,284,880
2005 27,215,790
2006 27,797,920
2007 29,563,250
2008 31,923,360
2009 30,508,240
2010 29,675,540
2011 31,905,940
2012 30,682,110
2013 32,086,380
2014 32,518,910
2015 35,492,080
2016 36,569,160
2017 38,066,310
2018 39,017,970
2019 42,824,600
2020 44,708,880

GDP (constant LCU)

The value for GDP (constant LCU) in Tuvalu was 46,980,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 46,980,000 in 2020 and a minimum value of 21,010,400 in 1990.

Definition: GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1990 21,010,400
1991 21,768,700
1992 22,375,800
1993 23,295,600
1994 25,691,200
1995 24,405,500
1996 22,950,600
1997 25,246,400
1998 29,159,900
1999 28,703,900
2000 28,425,300
2001 28,889,800
2002 31,168,100
2003 30,129,100
2004 29,721,700
2005 28,598,300
2006 29,210,000
2007 31,065,000
2008 33,545,000
2009 32,058,000
2010 31,183,000
2011 33,526,700
2012 32,240,700
2013 33,716,300
2014 34,170,800
2015 37,295,000
2016 38,426,800
2017 40,000,000
2018 41,000,000
2019 45,000,000
2020 46,980,000

GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Tuvalu was 54,867,630 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 54,867,630 in 2020 and 13,742,270 in 1990.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 13,742,270
1991 14,719,760
1992 15,475,080
1993 16,493,100
1994 18,577,580
1995 18,017,940
1996 17,254,060
1997 19,319,420
1998 22,565,310
1999 22,533,140
2000 22,813,270
2001 23,694,630
2002 25,967,580
2003 25,568,110
2004 25,901,420
2005 25,698,740
2006 27,042,750
2007 29,532,690
2008 32,510,670
2009 31,306,380
2010 30,806,740
2011 33,814,050
2012 33,140,650
2013 35,265,650
2014 36,402,180
2015 40,108,840
2016 41,759,650
2017 44,286,550
2018 46,483,600
2019 51,929,350
2020 54,867,630

GDP, PPP (constant 2011 international $)

The latest value for GDP, PPP (constant 2011 international $) in Tuvalu was 52,014,550 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 52,014,550 in 2020 and 23,261,950 in 1990.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 23,261,950
1991 24,101,510
1992 24,773,670
1993 25,792,040
1994 28,444,360
1995 27,020,880
1996 25,410,070
1997 27,951,900
1998 32,284,780
1999 31,779,910
2000 31,471,460
2001 31,985,740
2002 34,508,190
2003 33,357,840
2004 32,906,790
2005 31,663,000
2006 32,340,250
2007 34,394,040
2008 37,139,800
2009 35,493,450
2010 34,524,680
2011 37,119,540
2012 35,695,730
2013 37,329,460
2014 37,832,670
2015 41,291,670
2016 42,544,760
2017 44,286,550
2018 45,393,710
2019 49,822,360
2020 52,014,550

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts