Tuvalu - 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

Statistical Concept and Methodology: Because exchange rates do not always reflect differences in price levels between countries, GDP and GDP per capita estimates are converted into international dollars using purchasing power parity (PPP) rates. PPP rates provide a standard measure allowing comparison of real levels of expenditure between countries, just as conventional price indexes allow comparison of real values over time. PPP rates are calculated by simultaneously comparing the prices of similar goods and services among a large number of countries. In the most recent round of price surveys conducted by the International Comparison Program (ICP) in 2011, 199 economies participated. The PPP conversion factors come from three sources. For 47 high- and upper middle-income countries conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD). For the remaining 2011 ICP countries the PPP estimates are extrapolated from the 2011 ICP benchmark results, which account for relative price changes between each economy and the United States. For countries that did not participate in the 2011 ICP round, the PPP estimates are imputed using a statistical model. More information on the results of the 2011 ICP is available at www.worldbank.org/data/icp.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity