Tuvalu's taxes less subsidies on products (current LCU) was 7.48 million in 2015, the latest year in the World Bank's World Development Indicators. That is up 168.29% from 2.79 million in 2005 (10.37% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.48 million | 2015 |
| Five years earlier | 2.36 million | 2010 |
| Ten years earlier | 2.79 million | 2005 |
| Highest | 7.48 million | 2015 |
| Lowest | 2.36 million | 2010 |
| Average since 2006 | 3.99 million | 2006–2015 |
| First recorded | 2.92 million |
What the numbers say
In 2015, Tuvalu's taxes less subsidies on products (current LCU) rose 19.7% on 2014 (from 6.25 million to 7.48 million).
Across the 14 yearly changes before that (2001 to 2014), the average change was +7.6% and a typical year strayed about 24.4% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 82.2% in 2012 and the biggest yearly fall was 14.2% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2006 to 2015 the straight-line trend is upward, about 515,067 a year. A straight line explains 73% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 16 values
| Year | Taxes less subsidies on products (current LCU) |
|---|---|
| 2015 | 7,479,300 |
| 2014 | 6,250,800 |
| 2013 | 5,376,500 |
| 2012 | 4,632,100 |
| 2011 | 2,542,000 |
| 2010 | 2,361,000 |
| 2009 | 2,715,000 |
| 2008 | 3,166,000 |
| 2007 | 2,784,000 |
| 2006 | 2,620,000 |
| 2005 |
Taxes less subsidies on products (current LCU) in nearby economies
- Australia — 177.87 billion (2025)
- Brunei Darussalam — -279.94 million (2025)
- Cambodia — 11.88 trillion (2025)
- Fiji — 2.15 billion (2025)
- French Polynesia — 79.03 billion (2020)
- Hong Kong SAR, China — 83.34 billion (2024)
- Indonesia — 1,012.64 trillion (2025)
- Japan — 3.66 trillion (2024)
- Kiribati — -10.45 million (2024)
- Korea, Rep.
More economic policy & debt data for Tuvalu
- GDP (current US$) — US$57.35 million (2025)
- GDP (current LCU) — 89 million (2025)
- GDP (constant 2015 US$) — US$42.97 million (2025)
- GDP (constant LCU) — 62 million (2025)
- GDP per capita (current US$) — US$6,041 (2025)
- GDP per capita (current LCU) — 9,376 (2025)
- GDP per capita (constant 2015 US$) — US$4,527 (2025)
- GDP per capita (constant LCU) — 6,532 (2025)
- GNI (current US$) — US$93.35 million (2025)
- GNI (current LCU) — 144.89 million (2025)
- GNI per capita (current LCU) — 15,264 (2025)
Reading data like this
Questions people ask
- What is Tuvalu's taxes less subsidies on products (current LCU)?
- 7.48 million in 2015, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 156.08% from 2.92 million in 2000 (6.47% a year on average, compounded). The highest value was 7.48 million in 2015 and the lowest 2.36 million in 2010.
- Is the latest change in taxes less subsidies on products (current LCU) unusual for Tuvalu?
- In 2015, Tuvalu's taxes less subsidies on products (current LCU) rose 19.7% on 2014 (from 6.25 million to 7.48 million). Across the 14 yearly changes before that (2001 to 2014), the average change was +7.6% and a typical year strayed about 24.4% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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