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ECON FACTBOOK

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Economy of Tuvalu

Population: 9,876 in 20131

GDP: $38 million in 20132

GDP per capita: $3,880 nominal3 ($3,637 PPP4) in 2013

GDP growth rate: 1.3% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities1950.7%
Agriculture, hunting, forestry, fishing923.2%
Wholesale, retail trade, restaurants and hotels411.2%
Construction38.3%
Transport, storage and communication25.5%
Manufacturing01.1%
Mining and utilities0-0.0%
Total value added38100%

Employment

Unemployment rate: 6.5% in 20027

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $22 million (18% of GDP) in 20139

Central Government Expenditure: $23 million (19% of GDP) in 20139

Central Government Budget Balance: -$1 million (-1% of GDP) in 20139

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: N/A

Monetary Policy

Money Supply (M1, Australia): $244 billion in Nov 2014* 10

Benchmark Interest Rate (Australia): Cash Rate = 2.5% in 201411

Total Reserves: N/A

Exchange Rate: 1.28 Australian Dollar = 1 U.S. Dollar on Feb 26, 201512

Inflation: 3.8% in 200613

* Money supply calculated using the exchange rate 1.28 AUD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201314

N/A (data not available at Relbanks.com)

International Accounts

Exports: $0.6 million (2% of GDP) in 201315

Imports: $16.5 million (44% of GDP) in 201315

Trade Balance: -$15.9 million (-42% of GDP) in 201315

Foreign Direct Investment Inflow: $0.3 million (1% of GDP) in 201316

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $24 million (63% of GDP) in 201217

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: Tuvalu Central Statistics Division (Unemployment rate) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: CIA World Factbook (Government budget) Go back
10. Source: Reserve Bank of Australia, Money and Credit Statistics (Money supply) Go back
11. Source: Reserve Bank of Australia (Benchmark interest rate) Go back
12. Source: Yahoo Finance (Exchange rate) Go back
13. Source: CIA World Factbook (Inflation rate) Go back
14. Source: Relbanks.com (Financial institutions by assets) Go back
15. Source: CIA World Factbook (Trade data) Go back
16. Source: World Bank Indicators (FDI data) Go back
17. Source: World Bank Indicators (Aid data) Go back