Barbados vs Tuvalu: Economic Indicators Comparison

Barbados with a GDP of $5.1B ranked the 157th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, Barbados and Tuvalu ranked 50th vs 124th, respectively.

Gross Domestic Product & Income

Stat	Barbados	Tuvalu
GDP	$5.1B	$42.6M
GDP growth, 1 year	-0.5%	2.5%
GDP growth, 5-years average	0.7%	N/A
Population	286k	11k
GDP per capita	$18k	$3.7k
GDP per capita growth	-0.64%	1.27%
Purchasing Power Parity conversion factor	1.93	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.97	0.91
GDP per capita, PPP adjusted	$19k	$4k
GNI, Atlas method	$4.4B	$62.5M
GNI per capita	$15k	$5.4k
GNI, PPP adjusted	$4.7B	$70.2M
GNI per capita, PPP adjusted	$16k	$6.1k

Financial system and Human development

Stat	Barbados	Tuvalu
Income Tax Rate	40%	N/A
Corporate Tax Rate	5.5%	N/A
Inflation, consumer prices	3.6%	N/A
Inflation, GDP deflator	3.6%	4.9%
Unemployment	9.6%	8.5%
Economic Freedom Index	61.4	60
Personal Freedom Index	8.22	6.2
Human Freedom Index	7.21	6.1
Property Rights Index	56.6	N/A
Judical Effectiveness Index	36.1	N/A
Business Freedom Index	69.4	N/A
Fiscal Health Index	63.1	N/A
Labor Freedom Index	60	N/A
Investment Freedom Index	70	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	56.6	N/A
Monetary Freedom Index	77.9	N/A
Government Spending Index	69.2	N/A
Tax Burden Index	73.6	N/A
Government Integrity Index	44	N/A
Corruption Perceptions Index	68	48
Life expectancy at birth, years	79	66
Suicide mortality rate, per 100,000 people	0.8	1
Mortality caused by road traffic injury, per 100,000 people	5.6	0.2
Intentional homicides, per 100,000 people	10.5	18.7
International tourism, number of arrivals	680k	2.7k

Government debt & reserves

Stat	Barbados	Tuvalu
Central government debt, % of GDP	124.5%	N/A
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	-6.8%	N/A
Gross savings, % of GDP	-0.5%	N/A
Gross capital formation, % of GDP	11.3%	N/A
Total reserves including gold	$431.8M	N/A
Foreign direct investment net inflows	$195.1M	$299k

Exports, imports and economic structure

Stat	Barbados	Tuvalu
Exports of goods and services, % of GDP	42%	N/A
Imports of goods and services, % of GDP	40.9%	N/A
Current account balance (balance of payments)	-$248.2M	$6.8M
Revenue excluding grants, % of GDP	26.7%	N/A
Grants excluding technical cooperation, BoP	$13.8M	$9.6M
Personal remittances received	$108.3M	$4M
Industry including construction value added, % of GDP	14%	7.3%
Agriculture, forestry and fishing value added, % of GDP	1.3%	16.5%
Charges for the use of intellectual property, payments BoP	$12.1M	N/A
Charges for the use of intellectual property, receipts BoP	$33.4M	$14k
Expense, % of GDP	35.2%	N/A
Government Expenditure, % of GDP	32%	N/A