Belgium vs Tuvalu: Economic Indicators Comparison

Belgium with a GDP of $542.8B ranked the 24th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, Belgium and Tuvalu ranked 20th vs 124th, respectively.

Gross Domestic Product & Income

Stat	Belgium	Tuvalu
GDP	$542.8B	$42.6M
GDP growth, 1 year	1.4%	2.5%
GDP growth, 5-years average	1.5%	N/A
Population	11.4M	11k
GDP per capita	$48k	$3.7k
GDP per capita growth	1.04%	1.27%
Purchasing Power Parity conversion factor	0.78	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.92	0.91
GDP per capita, PPP adjusted	$48k	$4k
GNI, Atlas method	$524.4B	$62.5M
GNI per capita	$46k	$5.4k
GNI, PPP adjusted	$591B	$70.2M
GNI per capita, PPP adjusted	$52k	$6.1k

Financial system and Human development

Stat	Belgium	Tuvalu
Income Tax Rate	50%	N/A
Corporate Tax Rate	29%	N/A
Inflation, consumer prices	2.3%	N/A
Inflation, GDP deflator	1.5%	4.9%
Unemployment	6.3%	8.5%
Economic Freedom Index	68.9	60
Personal Freedom Index	9.06	6.2
Human Freedom Index	8.28	6.1
Property Rights Index	84.5	N/A
Judical Effectiveness Index	62.5	N/A
Business Freedom Index	75.2	N/A
Fiscal Health Index	77	N/A
Labor Freedom Index	61.1	N/A
Investment Freedom Index	85	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	80.5	N/A
Government Spending Index	17.2	N/A
Tax Burden Index	46.7	N/A
Government Integrity Index	80.2	N/A
Corruption Perceptions Index	75	48
Life expectancy at birth, years	81.4	66
Suicide mortality rate, per 100,000 people	20.7	1
Mortality caused by road traffic injury, per 100,000 people	5.8	0.2
Intentional homicides, per 100,000 people	1.7	18.7
International tourism, number of arrivals	9.1M	2.7k

Government debt & reserves

Stat	Belgium	Tuvalu
Central government debt, % of GDP	101.4%	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	12%	N/A
Gross savings, % of GDP	24.5%	N/A
Gross capital formation, % of GDP	25.5%	N/A
Total reserves including gold	$26.9B	N/A
Foreign direct investment net inflows	-$62.8B	$299k

Exports, imports and economic structure

Stat	Belgium	Tuvalu
Exports of goods and services, % of GDP	82.6%	N/A
Imports of goods and services, % of GDP	82.7%	N/A
Current account balance (balance of payments)	-$5.3B	$6.8M
Revenue excluding grants, % of GDP	38.4%	N/A
Grants excluding technical cooperation, BoP	N/A	$9.6M
Personal remittances received	$12.3B	$4M
Industry including construction value added, % of GDP	19.1%	7.3%
Agriculture, forestry and fishing value added, % of GDP	0.5%	16.5%
Charges for the use of intellectual property, payments BoP	$3.7B	N/A
Charges for the use of intellectual property, receipts BoP	$4.4B	$14k
Expense, % of GDP	39.6%	N/A
Government Expenditure, % of GDP	52.5%	N/A