Tuvalu GDP Trends from 2000 to 2024: A overall increase with some decline Flow

Tuvalu's GDP changed from approximately $15M in 2000 to $66M in 2024, showing an overall 340.0% sharply increased during the period.
The lowest GDP was recorded in 2001 at $14M, and the highest in 2024 at $66M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.4%.
For comparison, the average annual growth rate of Kiribati was 5.2%, and that of Nauru was 8.6%.

Overview of Tuvalu's GDP (2000–2024)

The Gross Domestic Product (GDP) of Tuvalu recorded a 340.0% sharply increased from 2000 to 2024.
The average GDP during this period was $37M 520K, and the median was $39M.
GDP fluctuated within a range of $52M, with a standard deviation of $15M 365K.
The average annual change was $2M 53K.


Tuvalu GDP from 2000 to 2024

The total market value of goods and services produced annually in Tuvalu.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 2001, $14M
    • Highest GDP: 2024, $66M
    • Most Recent GDP: 2024, $66M

    Notable Annual GDP Changes

    • 2011: Significant increase in GDP
    • 2009: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Tuvalu's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $54M → $52M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $29M → $28M
    • Outcome: declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $15M → $14M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $0 → $0
    • Outcome: remained stable

    Key Economic Indicators of Tuvalu (2000–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    2000
    $ 15M
    $ 0
    $ 0
    $ 23M
    0 %
    0 %
    0 %
    0 %
    0 person
    2001
    $ 14M
    $ 0
    $ 0
    $ 24M
    0.695 %
    53.638 %
    0 %
    0 %
    0 person
    2002
    $ 17M
    $ 1,741.53
    $ 2,742.54
    $ 26M
    8.317 %
    23.317 %
    0 %
    0 %
    10,000 people
    2003
    $ 20M
    $ 2,075.67
    $ 2,697.91
    $ 26M
    -4.351 %
    -61.2 %
    0 %
    0 %
    9,000 people
    2004
    $ 23M
    $ 2,385.56
    $ 2,683.50
    $ 26M
    -1.888 %
    -18.346 %
    0 %
    0 %
    10,000 people
    2005
    $ 23M
    $ 2,348.71
    $ 2,630
    $ 26M
    -3.746 %
    -7.988 %
    0 %
    -13.176 %
    10,000 people
    2006
    $ 24M
    $ 2,464.22
    $ 2,711.37
    $ 27M
    1.301 %
    28.012 %
    0 %
    -37.285 %
    10,000 people
    2007
    $ 29M
    $ 2,865.98
    $ 2,939.19
    $ 29M
    6.905 %
    -16.176 %
    0 %
    -23.601 %
    10,000 people
    2008
    $ 32M
    $ 3,186.85
    $ 3,152.21
    $ 32M
    6.579 %
    -25.899 %
    0 %
    -18.266 %
    10,000 people
    2009
    $ 28M
    $ 2,759.03
    $ 2,955.26
    $ 30M
    -5.62 %
    -69.561 %
    0 %
    -17.083 %
    10,000 people
    2010
    $ 32M
    $ 3,133.04
    $ 2,880.16
    $ 30M
    -2.468 %
    -60.795 %
    0 %
    -27.893 %
    10,000 people
    2011
    $ 40M
    $ 3,777.34
    $ 3,120.36
    $ 33M
    7.52 %
    -84.779 %
    0 %
    -11.985 %
    11,000 people
    2012
    $ 39M
    $ 3,609.11
    $ 3,008.28
    $ 32M
    -2.853 %
    -32.119 %
    0 %
    7.584 %
    11,000 people
    2013
    $ 39M
    $ 3,615.37
    $ 3,184.45
    $ 34M
    3.805 %
    2.836 %
    0 %
    25.751 %
    11,000 people
    2014
    $ 39M
    $ 3,583.65
    $ 3,281.14
    $ 35M
    1.667 %
    -0.482 %
    0 %
    -3.912 %
    11,000 people
    2015
    $ 37M
    $ 3,396.69
    $ 3,608.11
    $ 39M
    9.379 %
    -33.661 %
    0 %
    1.975 %
    11,000 people
    2016
    $ 41M
    $ 3,798.27
    $ 3,800.44
    $ 41M
    4.746 %
    29.885 %
    0 %
    22.629 %
    11,000 people
    2017
    $ 45M
    $ 4,255.25
    $ 4,083.31
    $ 43M
    3.28 %
    2.073 %
    0 %
    -1.513 %
    11,000 people
    2018
    $ 48M
    $ 4,499
    $ 4,218.34
    $ 45M
    1.387 %
    60.922 %
    0 %
    28.395 %
    11,000 people
    2019
    $ 54M
    $ 5,046.83
    $ 4,863.03
    $ 52M
    13.822 %
    -22.174 %
    0 %
    -8.054 %
    11,000 people