Tuvalu: Trade in services (% of GDP)

Key figures

What the numbers say

In 2023, Tuvalu's trade in services (% of GDP) rose 22.34 percentage points on 2022 (from 62.16% to 84.5%).

Across the 21 yearly changes before that (2002 to 2022), the average change was −0.53 percentage points and a typical year strayed about 17.15 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 27.35 percentage points in 2007 and the biggest yearly fall was 39.52 percentage points in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is downward, about 5.14 percentage points a year. A straight line explains 50% 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.

How it compares

In 2023, Tuvalu had the 3rd highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Tuvalu in the 2023 ranking

• Aruba — 1st of 12: 111.26%
• Sint Maarten (Dutch part) — 2nd of 12: 95.07%
• Curaçao — 4th of 12: 75.61%
• Lebanon — 5th of 12: 72.45%
• Palau — 6th of 12: 37.98%

What this measures

Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 23 values

Trade in services (% of GDP) in nearby economies

• Australia — 11.55% (2025)
• Brunei Darussalam — 13.32% (2025)
• Cambodia — 16.72% (2025)
• China — 5.17% (2025)
• Fiji — 52.17% (2024)
• French Polynesia — 25.61% (2016)
• Hong Kong SAR, China — 48.83% (2025)
• Indonesia — 7.29% (2025)
• Japan — 11.62% (2025)
• Kiribati — 31.62% (2025)
• Korea, Rep. — 17.88% (2025)

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

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Questions people ask

What is Tuvalu's trade in services (% of GDP)?

84.5% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is up 11.17 percentage points from 73.34% in 2001. The highest value was 121.9% in 2011 and the lowest 48.61% in 2021.

How does Tuvalu rank?

3rd highest of 12 economies with data for 2023.

Is the latest change in trade in services (% of GDP) unusual for Tuvalu?

In 2023, Tuvalu's trade in services (% of GDP) rose 22.34 percentage points on 2022 (from 62.16% to 84.5%). Across the 21 yearly changes before that (2002 to 2022), the average change was −0.53 percentage points and a typical year strayed about 17.15 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator BG.GSR.NFSV.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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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