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Economy of Austria vs Tuvalu compared: GDP & Debt

Updated on by Georank team

Austria has a GDP of $535B compared to $62.3M for Tuvalu, ranking 30/197 and 196/197 by economy size, respectively.

Austria has $432B in government debt (80.8% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

Austria vs Tuvalu GDP by year

Austria
Tuvalu
1x
Year GDP, current $
Austria Tuvalu
2024 $534,790,720,467 -
2023 $516,670,509,629 $62,280,312
2022 $473,221,298,968 $59,065,982
2021 $480,466,363,177 $60,196,406
2020 $434,397,601,558 $51,746,594
2019 $442,983,642,372 $54,123,199
2018 $452,582,294,973 $48,015,260
2017 $414,926,138,133 $45,276,595
2016 $393,687,359,770 $41,629,064
2015 $379,546,097,301 $36,811,936
2014 $438,556,021,078 $38,760,983
2013 $426,580,502,769 $38,615,891
2012 $406,750,487,604 $39,345,579
2011 $428,954,737,064 $39,196,957
2010 $389,827,789,218 $32,105,408
2009 $399,290,118,782 $28,076,984
2008 $429,234,399,096 $31,874,435
2007 $386,760,177,589 $28,450,169
2006 $333,905,979,332 $24,096,875
2005 $313,952,317,331 $22,909,980
2004 $299,210,411,455 $22,798,275
2003 $260,779,834,340 $19,456,338
2002 $212,837,224,023 $16,842,673
2001 $196,477,206,829 $13,964,732
2000 $196,181,599,831 $15,073,976
1999 $216,421,809,126 $14,800,503
1998 $217,068,085,816 $13,795,146
1997 $211,724,812,267 $13,734,210
1996 $235,952,581,232 $13,338,597
1995 $240,094,169,510 $11,922,614
1994 $202,738,023,130 $11,772,611
1993 $189,634,029,339 $10,414,400
1992 $194,314,032,056 $10,535,028
1991 $173,113,449,617 $10,127,314
1990 $165,811,372,383 $9,542,901
1989 $132,584,448,258 $8,454,523
1988 $132,817,124,707 $7,011,059
1987 $123,682,091,859 $5,020,513
1986 $98,648,254,169 $4,574,706
1985 $69,114,996,010 $3,862,852
1984 $67,719,055,773 $4,481,978
1983 $71,838,528,420 $4,152,550
1982 $70,996,111,963 $4,118,945
1981 $70,755,997,062 $4,773,018
1980 $81,737,498,405 $4,206,128
1979 $73,647,694,287 $4,065,659
1978 $61,809,208,756 $3,798,782
1977 $51,343,861,460 $3,669,420
1976 $42,791,707,448 $3,919,072
1975 $39,902,300,703 $4,014,748
1974 $35,051,468,640 $4,122,329
1973 $29,399,860,145 $3,411,915
1972 $21,973,207,929 $2,968,458
1971 $17,788,536,733 $2,716,990
1970 $15,312,791,744 $2,585,956
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/tuvalu | CC BY

GDP per capita in Austria vs Tuvalu by year

Austria
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $58,269 $73,911 - -
2023 $56,580 $73,545 $6,345 $6,151
2022 $52,337 $72,065 $5,911 $5,661
2021 $53,649 $62,969 $5,905 $5,353
2020 $48,716 $58,523 $4,976 $5,122
2019 $49,886 $60,355 $5,115 $5,210
2018 $51,194 $56,636 $4,466 $4,432
2017 $47,164 $53,870 $4,166 $4,227
2016 $45,061 $52,398 $3,809 $4,031
2015 $43,915 $49,549 $3,358 $3,776
2014 $51,315 $48,355 $3,529 $3,419
2013 $50,305 $47,520 $3,510 $3,277
2012 $48,250 $46,156 $3,598 $3,170
2011 $51,117 $44,172 $3,636 $3,176
2010 $46,611 $41,735 $3,025 $2,945
2009 $47,857 $40,687 $2,684 $3,082
2008 $51,581 $41,047 $3,088 $3,291
2007 $46,623 $39,192 $2,794 $3,034
2006 $40,382 $37,388 $2,396 $2,787
2005 $38,157 $34,777 $2,305 $2,728
2004 $36,614 $33,519 $2,323 $2,765
2003 $32,110 $31,959 $2,007 $2,770
2002 $26,335 $30,952 $1,750 $2,915
2001 $24,430 $29,553 $1,457 $2,596
2000 $24,487 $29,221 $1,579 $2,597
1999 $27,079 $27,500 $1,559 $2,543
1998 $27,212 $26,531 $1,460 $2,560
1997 $26,572 $25,301 $1,461 $2,204
1996 $29,646 $24,427 $1,428 $1,982
1995 $30,207 $23,604 $1,285 $2,083
1994 $25,546 $22,553 $1,279 $2,165
1993 $23,987 $21,647 $1,141 $1,939
1992 $24,783 $21,209 $1,166 $1,837
1991 $22,323 $20,536 $1,134 $1,769
1990 $21,596 $19,396 $1,085 $1,676
1989 $17,401 - $976 -
1988 $17,510 - $823 -
1987 $16,329 - $600 -
1986 $13,032 - $557 -
1985 $9,136 - $480 -
1984 $8,956 - $567 -
1983 $9,500 - $533 -
1982 $9,373 - $537 -
1981 $9,348 - $634 -
1980 $10,827 - $571 -
1979 $9,755 - $566 -
1978 $8,173 - $546 -
1977 $6,784 - $549 -
1976 $5,656 - $612 -
1975 $5,265 - $656 -
1974 $4,613 - $708 -
1973 $3,875 - $601 -
1972 $2,913 - $522 -
1971 $2,372 - $478 -
1970 $2,051 - $457 -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/austria/tuvalu | CC BY

Austria's GDP per capita is $58,269, ranking 16/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Austria Tuvalu
Gross domestic product
$535B
2024
$62.3M
2023
GDP rank
30/197
2024
196/197
2023
GDP growth
-0.66%
2023-2024
3.85%
2022-2023
GDP per capita
$58,269
2024
$6,345
2023
GDP per capita rank
16/197
2024
110/197
2023
GDP per capita, PPP
$73,911
2024
$6,151
2023
GDP per capita PPP rank
19/197
2024
152/197
2023
Government debt
$432B
2024
$4.15M
2023
Debt-to-GDP ratio
80.8%
2024
6.96%
2024
Government debt per person
$47,075
2024
$423
2023
Government debt per person rank
10/185
2024
171/185
2023
Average annual personal income after taxes
$40,736
2026
$4,233
2026
Market capitalization of domestic companies
$121B
2024
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
24.8%
2023
30.8%
2010
Income share by poorest 10%
2.8%
2023
2.7%
2010
Government expenditure, % of GDP
56%
2024
118.4%
2024
Consumer prices inflation
2.94%
2023-2024
1.2%
2023-2024
Unemployment rate
5.16%
2024
7.32%
2022
Population
9163419
9341

Spending and national debt comparison by year

Austria
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Austria Tuvalu
Government spending Government debt Government spending Government debt
2024 56% 80.8% 118.4% 6.96%
2023 52.7% 78.5% 138.8% 6.67%
2022 53% 78.4% 115.3% 6.33%
2021 56% 82.4% 113.8% 11.3%
2020 57.3% 83.2% 119.5% 12.1%
2019 49.1% 71% 113.6% 11.6%
2018 49.2% 74.6% 125.6% 11.8%
2017 49.8% 79.1% 106.4% 12%
2016 50.6% 83.4% 119.6% 11.5%
2015 51.2% 85.6% 116.9% 14.4%
2014 52.4% 85.2% 96.8% 16.4%
2013 52.4% 82.4% 80.2% 17.8%
2012 51.8% 82.9% 76.8% 19.3%
2011 51.3% 83.4% 77.2% 19.1%
2010 53.4% 83.7% 93.9% 21.1%
2009 54.6% 80.8% 100% 20.6%
2008 50.4% 69.5% 85.8% 19.8%
2007 49.7% 65.8% 88.6% 32.4%
2006 50.9% 68.2% 98.5% 37.5%
2005 51.7% 69.4% 82.1% 37.4%
2004 54.3% 65.9% 74.1% -
2003 51.8% 66.4% - -
2002 51.6% 67.4% - -
2001 51.8% 67.2% - -
2000 50.9% 66.1% - -
1999 50.5% 61.3% - -
1998 54.4% 69.2% - -
1997 52.5% 63.4% - -
1996 55.9% 68.2% - -
1995 56.1% 68.2% - -
1994 54.3% 64.1% - -
1993 54.3% 61% - -
1992 49.3% 56.3% - -
1991 47.9% 56.4% - -
1990 46.8% 56.2% - -
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/austria/tuvalu | CC BY

In 2024, Austria's government spending was $300B, accounting for 56% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 80.8% in Austria and 6.96% in Tuvalu, ranking 44/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Tuvalu
1x
Year Deficit/surplus, % of GDP
Austria Tuvalu
2024 -4.64% -8.23%
2023 -2.62% 15.3%
2022 -3.31% -14.6%
2021 -5.69% -13.3%
2020 -8.2% 13.7%
2019 0.54% -1.07%
2018 0.2% 30.3%
2017 -0.78% 2.09%
2016 -1.45% 27.5%
2015 -0.48% 14.7%
2014 -1.92% 3.26%
2013 -1.99% 26%
2012 -2.18% 9.58%
2011 -2.48% -8.8%
2010 -4.46% -23.4%
2009 -5.38% -13.5%
2008 -1.57% -17.2%
2007 -1.56% -18.6%
2006 -2.61% -36.8%
2005 -2.59% -12.8%
2004 -4.94% -3.6%
2003 -1.84% -
2002 -1.43% -
2001 -0.71% -
2000 -2.07% -
1999 -2.63% -
1998 -2.68% -
1997 -2.38% -
1996 -4.38% -
1995 -6.17% -
1994 -5.04% -
1993 -4.57% -
1992 -2.15% -
1991 -2.96% -
1990 -2.58% -
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/tuvalu | CC BY

In 2023, Austria's government deficit, the difference between spending and revenue, was $13.5B, equivalent to 2.62% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, Austria recorded a fiscal deficit in 18 of those years, while Tuvalu ran a deficit in 11 years. On average, Austria posted an annual deficit equal to 2.67% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Austria

Tuvalu
1x
Year Consumer prices inflation
Austria Tuvalu
2024 2.94% 1.2%
2023 7.81% 7.2%
2022 8.55% 12.2%
2021 2.77% 6.7%
2020 1.38% 1.6%
2019 1.53% 3.5%
2018 2% 2.2%
2017 2.08% 4.1%
2016 0.89% 3.5%
2015 0.9% 3.1%
2014 1.61% 1.1%
2013 2% 2%
2012 2.49% 1.4%
2011 3.29% 0.5%
2010 1.81% -1.9%
2009 0.51% -0.3%
2008 3.22% 10.4%
2007 2.17% 2.3%
2006 1.44% 4.2%
2005 2.3% 3.2%
2004 2.06% 2.4%
2003 1.36% 2.9%
2002 1.81% 5.1%
2001 2.65% 1.5%
2000 2.34% -
1999 0.57% -
1998 0.92% -
1997 1.31% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/austria/tuvalu | CC BY

Over the past 24 years, Austria has recorded an average annual inflation rate of 2.48%, compared with 3.34% in Tuvalu. In 2024, inflation was 2.94% in Austria and 1.2% in Tuvalu.

Top exports between countries

Austria
Export category Export value
Wood & paper products $26K
Machinery & equipment $23K
Tuvalu
Export category Export value

Balance of trade

Austria Tuvalu
Current account balance
$8.19B
2024
$2.71M
2022
Current account balance ranking
25/190
2024
77/190
2022
Current account balance, % of GDP
+1.53%
2024
+4.59%
2022
Goods imports
$195B
2024
$24.2M
2022
Goods exports
$201B
2024
$184K
2022
Service imports
$90.5B
2024
$33.1M
2022
Service exports
$96.6B
2024
$2.05M
2022
Imports of goods and services, % of GDP
53.1%
2024
n/a
Exports of goods and services, % of GDP
55.7%
2024
8.22%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Austria Tuvalu
Economic freedom 69.8 60
Economic freedom ranking 38/197 99/197
Property rights 95.7 n/a
Government integrity 75 n/a
Judicial effectiveness 94.8 n/a
Tax burden 45.7 n/a
Government spending 12.8 n/a
Fiscal health 67.1 n/a
Business freedom 78.7 n/a
Labor freedom 81.6 n/a
Monetary freedom 76.4 n/a
Trade freedom 79.4 n/a
Investment freedom 60 n/a
Financial freedom 70 n/a

Other economic metrics

Austria Tuvalu
Services, % of GDP
64%
2024
n/a
Industry, % of GDP
24.6%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
1.22%
2024
15.9%
2015
GNI, Atlas method
$503B
2024
$86M
2023
GNI per capita, PPP
$74,160
2024
$8,320
2023
Total reserves including gold
$35.4B
2024
n/a
Total reserves ranking
53/177
2024
n/a
Net foreign direct investment
$135M
2024
$0
2022
Net inflows of foreign direct investment
$13.7B
2024
$258K
2024
Net outflows of foreign direct investment
$13.8B
2024
$0
2024
Poverty at national poverty lines
14.8%
2021
26.3%
2020
Gross capital formation, % of GDP
23.6%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/austria/tuvalu | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.