Goods balance (credit less debit), Net (credits less debits) in Tuvalu
Tuvalu: Goods balance (credit less debit), Net (credits less debits) was -34.82 million in 2023. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Tuvalu, 2005–2023
Source: International Monetary Fund.
Analysis
Tuvalu recorded -34.82 million for goods balance (credit less debit), net (credits less debits) in 2023. That is the lowest value across all 19 years on record.
The figure is down 36.1% on the previous year and down 124.2% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Tuvalu peaked at -1.55 million in 2012 and was at its lowest, -34.82 million, in 2023.
That places Tuvalu 67th out of 198 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) in Tuvalu, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -10.36 million | — |
| 2006 | -9.26 million | -10.6% |
| 2007 | -9.36 million | +1.0% |
| 2008 | -9.07 million | -3.1% |
| 2009 | -21.08 million | +132.4% |
| 2010 | -8.40 million | -60.2% |
| 2011 | -10.62 million | +26.5% |
| 2012 | -1.55 million | -85.4% |
| 2013 | -15.53 million | +899.5% |
| 2014 | -14.80 million | -4.7% |
| 2015 | -31.01 million | +109.5% |
| 2016 | -18.05 million | -41.8% |
| 2017 | -19.37 million | +7.3% |
| 2018 | -15.79 million | -18.5% |
| 2019 | -31.26 million | +98.0% |
| 2020 | -27.02 million | -13.6% |
| 2021 | -31.92 million | +18.1% |
| 2022 | -25.59 million | -19.8% |
| 2023 | -34.82 million | +36.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11.83 million | -21.08 million | -9.07 million | 5 |
| 2010s | -16.64 million | -31.26 million | -1.55 million | 10 |
| 2020s | -29.83 million | -34.82 million | -25.59 million | 4 |
Countries ranked near Tuvalu
- 64 Namibia -2.10 million compare
- 65 Marshall Islands -12.31 million compare
- 66 Montserrat -34.46 million compare
- 68 Micronesia (country) -66.36 million compare
- 69 Nauru -67.12 million compare
- 70 Mali -74.65 million compare
More financial sector data for Tuvalu
- Official exchange rate 1.55 LCU per US$, period average (2025)
- Net migration -255 (2025)
- Net migration, annual growth rate 8.93 % change on previous year (2025)
- GDP deflator: linked series 143.55 base year varies by country (2025)
- Inflation, GDP deflator: linked series 1.8% (2025)
- GDP deflator: linked series (base year varies by country), annual 1.82 % change on previous year (2025)
- Reserve assets 84.64 million US dollar (2023)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Total assets, Adjusted using IMF accounting records 302.87 million US dollar (2023)
- Use of IMF Credit and Loans, Percent of quota per annum 0 (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Tuvalu?
- Goods balance (credit less debit), net (credits less debits) in Tuvalu was -34.82 million in 2023, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Tuvalu?
- The highest recorded value was -1.55 million in 2012.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Tuvalu?
- The lowest recorded value was -34.82 million in 2023.
- How does Tuvalu rank for goods balance (credit less debit), net (credits less debits)?
- Tuvalu ranks 67th out of 198 countries with data for 2023.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Tuvalu?
- Over the last ten years it is down 124.2%. The long-run trend across the full record is volatile.
- Where does this Tuvalu data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.