28, May 2012, CEST. Welcome to the Tuvalu economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Tuvalu › Change country
National or Regional Currency: Australian Dollar, AUD
Year of data: 2010 › Change year
Number of Indicators Listed: 15
Full Dataset: From Year 1980 to 2016
Date of Last Update: 1st August 2011
Population: 10,544 (July 2011 est.)
Area: total: 26 sq km land: 26 sq km water: 0 sq km
Natural Resources: fish
Capital: name: Funafuti geographic coordinates: 8 30 S, 179 12 E time difference: UTC+12 (17 hours ahead of Washington, DC during Standard Time) note: administrative offices are in Vaiaku Village on Fongafale Islet
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International

Tuvalu consists of a densely populated, scattered group of nine coral atolls with poor soil and gas. The nation has no known mineral resources and few exports and is almost entirely dependent on imported food stuffs and fuel. Subsistence farming and fishing are the primary economic activities. Job opportunities are scarce and public sector workers make up the majority of those employed. Expanding income disparities and the vulnerability of the nation to climatic change are among leading concerns for the country.

GDP (Constant Prices, National Currency) for Tuvalu in year 2010 is AUD 0.033 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Tuvalu in year 2010 is 0.199 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Tuvalu in year 2010 is AUD 0.035 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Tuvalu in year 2010 is US$ 0.032 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions.

GDP Deflator for Tuvalu in year 2010 is 106.289 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP (PPP), US Dollars for Tuvalu in year 2010 is US$ 0.036 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

GDP Share of World Total (PPP) for Tuvalu in year 2010 is -- %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Implied PPP Conversion Rate for Tuvalu in year 2010 is 0.96 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Tuvalu in year 2010 is 134.112 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Tuvalu in year 2010 is -1.852 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Tuvalu in year 2010 is 133.248 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Tuvalu in year 2010 is -1.751 %. Data for inflation are end of the period, not annual average data.

General government revenue (National Currency) for Tuvalu in year 2010 is AUD 0.031 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (National Currency) for Tuvalu in year 2010 is AUD 0.033 Billions. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (National Currency) for Tuvalu in year 2010 is AUD -0.001 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.

Current Account Balance (US Dollars) for Tuvalu in year 2010 is US$ -0.008 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.