Could you elaborate on the economic value of the Tuvalu economy? Specifically, what is its estimated gross domestic product (GDP), and how does it compare to other small island nations? Also, considering its geographical location and resource constraints, what are the main economic activities that contribute to its overall economic worth? Furthermore, are there any specific policies or initiatives that the government of Tuvalu has implemented to boost its economic growth and prosperity? Understanding these factors would help us gain a more comprehensive view of the economic status of Tuvalu.
6 answers
TaegeukChampionship
Tue Jun 25 2024
The economy of Tuvalu is relatively small, with a nominal GDP estimated at A$0.074 Billion in 2021.
GeishaMelody
Mon Jun 24 2024
The inflation rate in Tuvalu, measured by the Consumer Price Index (CPI), was 2.145% in 2021.
HanbokGlamour
Mon Jun 24 2024
In terms of purchasing power parity (PPP), the GDP is estimated to be A$0.052 Billion in 2021.
Valentina
Mon Jun 24 2024
The GDP growth of Tuvalu has shown positive trends, with 0.53% growth in 2020e, 2.477% in 2021e, 3.513% in 2022e, and a forecasted 3.771% in 2023e.
Dario
Mon Jun 24 2024
The GDP per capita of Tuvalu, when considered in nominal terms, stands at A$4,154.475 in 2021.