Current account balance in Tuvalu
Tuvalu: Current account balance was 20.21 million BoP, current US$ in 2023. ◆ Volatile
Current account balance in Tuvalu, 2001–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, current account balance in Tuvalu stood at 20.21 million BoP, current US$.
The figure is up 13,858.9% on the previous year and up 1,738.8% over ten years.
Over the whole period, current account balance in Tuvalu peaked at 29.25 million BoP, current US$ in 2018 and was at its lowest, -23.86 million BoP, current US$, in 2011.
Tuvalu ranks 75th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.87 million BoP, current US$ | -16.91 million BoP, current US$ | 6.55 million BoP, current US$ | 9 |
| 2010s | -1.24 million BoP, current US$ | -23.86 million BoP, current US$ | 29.25 million BoP, current US$ | 10 |
| 2020s | 11.48 million BoP, current US$ | -146,891 BoP, current US$ | 20.21 million BoP, current US$ | 4 |
Countries ranked near Tuvalu
- 72 Marshall Islands 62.33 million BoP, current US$ compare
- 73 Sao Tome and Principe 41.50 million BoP, current US$ compare
- 74 Micronesia (country) 22.41 million BoP, current US$ compare
- 76 Nauru 9.73 million BoP, current US$ compare
- 77 Lesotho -3.94 million BoP, current US$ compare
- 78 Togo -20.74 million BoP, current US$ compare
More economy & growth data for Tuvalu
- GDP 42.97 million constant 2015 US$ (2025)
- GDP deflator 143.55 base year varies by country (2025)
- Gross value added at basic prices (GVA) 27.05 million current US$ (2015)
- Gross value added at basic prices (GVA) 36.01 million current LCU (2015)
- GDP 57.35 million current US$ (2025)
- GDP 89.00 million current LCU (2025)
- GDP 62.00 million constant LCU (2025)
- GDP per capita 4,527 constant 2015 US$ (2025)
- GDP per capita 6,041 current US$ (2025)
- Inflation, GDP deflator 1.8% (2025)
Frequently asked questions
- What is current account balance in Tuvalu?
- Current account balance in Tuvalu was 20.21 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Tuvalu?
- The highest recorded value was 29.25 million BoP, current US$ in 2018.
- What is the lowest current account balance recorded in Tuvalu?
- The lowest recorded value was -23.86 million BoP, current US$ in 2011.
- How does Tuvalu rank for current account balance?
- Tuvalu ranks 75th out of 199 countries with data for 2023.
- Is current account balance rising or falling in Tuvalu?
- Over the last ten years it is up 1,738.8%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.