Tuvalu - Economy
How is the economy of Tuvalu? Based on the information we have, Tuvalu has a 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. Key agricultural products in this country include: coconuts, vegetables, tropical fruits, bananas, root vegetables, pork, chicken, eggs, pork fat, pork offal (2022).
More about the economy of Tuvalu
Labor force 3,615
Industrial production growth rate 4.3% (2014 est.)
Industries fishing
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Currency Tuvaluan dollars or Australian dollars (AUD) per US dollar -
Exchange rates 2023 1.505 (2023 est.)
Exchange rates 2022 1.442 (2022 est.)
Exchange rates 2021 1.331 (2021 est.)
Exchange rates 2020 1.453 (2020 est.)
Exchange rates 2019 1.439 (2019 est.)
Current account balance
Current account balance 2022 $2.713 million (2022 est.)
Current account balance 2021 $14.533 million (2021 est.)
Current account balance 2020 $8.46 million (2020 est.)
Public debt
Public debt 2017 37% of GDP (2017 est.)
Budget
Revenues $87 million (2019 est.)
Expenditures $88 million (2019 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2023 4.82% of GDP (2023 est.)
Remittances 2022 4.18% of GDP (2022 est.)
Remittances 2021 4.9% of GDP (2021 est.)
Imports
Imports 2022 $57.388 million (2022 est.)
Imports 2021 $63.962 million (2021 est.)
Imports 2020 $56.947 million (2020 est.)
Imports (partners) China 34%, Japan 27%, Fiji 20%, NZ 5%, Australia 5% (2022)
Comodities Imports force ships, refined petroleum, iron structures, engine parts, plastic products (2022)
Exports
Imports 2022 $57.388 million (2022 est.)
Imports 2021 $63.962 million (2021 est.)
Imports 2020 $56.947 million (2020 est.)
Exports (partners) Thailand 69%, Croatia 21%, Philippines 4%, South Korea 2%, Japan 1% (2022)
Comodities Exports force fish, ships, computers, integrated circuits, nitrile compounds (2022)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2023 $59.202 million (2023 est.)
Real GDP (purchasing power parity) 2022 $57.006 million (2022 est.)
Real GDP (purchasing power parity) 2021 $56.622 million (2021 est.)
GDP (official exchange rate) $62.28 million (2023 est.)
Real GDP Per capita
Real GDP per capita 2023 $5,200 (2023 est.)
Real GDP per capita 2022 $5,000 (2022 est.)
Real GDP per capita 2021 $5,100 (2021 est.)
GDP - composition, by sector of origin
Agriculture 15.9% (2015 est.)
Industry 7% (2015 est.)
Services 70% (2012 est.)
Youth unemployment rate (ages 15-24)
Total 20.6% (2016)
Male 9.8%
Female 45.9%
All Important Facts about Tuvalu

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Tuvalu is found in Polynesia