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Economy of Germany vs Tuvalu compared: GDP & Debt

Updated on by Georank team

Germany has a GDP of $4.69T compared to $62.3M for Tuvalu, ranking 3/197 and 196/197 by economy size, respectively.

Germany has $2.97T in government debt (63.5% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

Germany vs Tuvalu GDP by year

Germany
Tuvalu
1x
Year GDP, current $
Germany Tuvalu
2024 $4,685,592,577,805 -
2023 $4,562,207,532,490 $62,280,312
2022 $4,201,021,706,479 $59,065,982
2021 $4,355,251,953,411 $60,196,406
2020 $3,941,398,957,074 $51,746,594
2019 $3,959,894,794,039 $54,123,199
2018 $4,055,433,215,302 $48,015,260
2017 $3,765,351,626,106 $45,276,595
2016 $3,536,787,895,179 $41,629,064
2015 $3,425,099,578,746 $36,811,936
2014 $3,964,870,735,761 $38,760,983
2013 $3,807,023,797,051 $38,615,891
2012 $3,596,483,233,406 $39,345,579
2011 $3,823,575,803,794 $39,196,957
2010 $3,467,093,769,667 $32,105,408
2009 $3,478,545,516,684 $28,076,984
2008 $3,808,197,720,125 $31,874,435
2007 $3,484,056,680,855 $28,450,169
2006 $3,046,308,753,671 $24,096,875
2005 $2,893,393,187,362 $22,909,980
2004 $2,852,317,768,062 $22,798,275
2003 $2,534,715,518,349 $19,456,338
2002 $2,102,350,798,306 $16,842,673
2001 $1,966,381,496,642 $13,964,732
2000 $1,966,980,701,145 $15,073,976
1999 $2,213,873,468,587 $14,800,503
1998 $2,247,760,364,566 $13,795,146
1997 $2,218,790,886,533 $13,734,210
1996 $2,506,576,553,158 $13,338,597
1995 $2,593,053,091,306 $11,922,614
1994 $2,215,282,632,277 $11,772,611
1993 $2,078,954,217,438 $10,414,400
1992 $2,141,377,582,968 $10,535,028
1991 $1,875,792,575,133 $10,127,314
1990 $1,778,162,195,860 $9,542,901
1989 $1,404,092,925,205 $8,454,523
1988 $1,406,367,016,372 $7,011,059
1987 $1,302,932,318,825 $5,020,513
1986 $1,050,092,624,516 $4,574,706
1985 $735,218,723,093 $3,862,852
1984 $727,767,760,979 $4,481,978
1983 $773,507,930,295 $4,152,550
1982 $779,421,633,755 $4,118,945
1981 $803,404,797,058 $4,773,018
1980 $953,772,499,462 $4,206,128
1979 $884,574,218,333 $4,065,659
1978 $743,182,891,918 $3,798,782
1977 $602,698,323,086 $3,669,420
1976 $521,658,712,133 $3,919,072
1975 $492,434,094,920 $4,014,748
1974 $446,934,971,657 $4,122,329
1973 $399,833,571,167 $3,411,915
1972 $300,899,944,795 $2,968,458
1971 $250,900,942,397 $2,716,990
1970 $216,629,229,947 $2,585,956
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

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

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

GDP per capita in Germany vs Tuvalu by year

Germany
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $56,104 $73,552 - -
2023 $54,777 $71,684 $6,345 $6,151
2022 $50,507 $69,049 $5,911 $5,661
2021 $52,349 $62,531 $5,905 $5,353
2020 $47,395 $58,686 $4,976 $5,122
2019 $47,656 $59,271 $5,115 $5,210
2018 $48,916 $56,273 $4,466 $4,432
2017 $45,554 $54,110 $4,166 $4,227
2016 $42,949 $51,570 $3,809 $4,031
2015 $41,930 $48,545 $3,358 $3,776
2014 $48,960 $47,939 $3,529 $3,419
2013 $47,207 $45,889 $3,510 $3,277
2012 $44,718 $44,229 $3,598 $3,170
2011 $47,631 $43,398 $3,636 $3,176
2010 $42,397 $39,726 $3,025 $2,945
2009 $42,472 $37,574 $2,684 $3,082
2008 $46,379 $38,444 $3,088 $3,291
2007 $42,351 $36,914 $2,794 $3,034
2006 $36,980 $34,741 $2,396 $2,787
2005 $35,084 $32,314 $2,305 $2,728
2004 $34,567 $31,753 $2,323 $2,765
2003 $30,711 $30,301 $2,007 $2,770
2002 $25,487 $29,514 $1,750 $2,915
2001 $23,878 $28,674 $1,457 $2,596
2000 $23,926 $27,474 $1,579 $2,597
1999 $26,965 $26,518 $1,559 $2,543
1998 $27,396 $25,446 $1,460 $2,560
1997 $27,047 $24,649 $1,461 $2,204
1996 $30,600 $24,169 $1,428 $1,982
1995 $31,747 $23,631 $1,285 $2,083
1994 $27,202 $22,869 $1,279 $2,165
1993 $25,617 $21,900 $1,141 $1,939
1992 $26,560 $21,746 $1,166 $1,837
1991 $23,443 $21,001 $1,134 $1,769
1990 $22,386 $19,468 $1,085 $1,676
1989 $17,829 - $976 -
1988 $17,997 - $823 -
1987 $16,739 - $600 -
1986 $13,511 - $557 -
1985 $9,464 - $480 -
1984 $9,347 - $567 -
1983 $9,900 - $533 -
1982 $9,950 - $537 -
1981 $10,246 - $634 -
1980 $12,183 - $571 -
1979 $11,322 - $566 -
1978 $9,517 - $546 -
1977 $7,711 - $549 -
1976 $6,659 - $612 -
1975 $6,259 - $656 -
1974 $5,660 - $708 -
1973 $5,065 - $601 -
1972 $3,824 - $522 -
1971 $3,204 - $478 -
1970 $2,771 - $457 -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

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

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

Germany's GDP per capita is $56,104, ranking 19/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Germany Tuvalu
Gross domestic product
$4.69T
2024
$62.3M
2023
GDP rank
3/197
2024
196/197
2023
GDP growth
-0.5%
2023-2024
3.85%
2022-2023
GDP per capita
$56,104
2024
$6,345
2023
GDP per capita rank
19/197
2024
110/197
2023
GDP per capita, PPP
$73,552
2024
$6,151
2023
GDP per capita PPP rank
20/197
2024
152/197
2023
Government debt
$2.97T
2024
$4.15M
2023
Debt-to-GDP ratio
63.5%
2024
6.96%
2024
Government debt per person
$35,606
2024
$423
2023
Government debt per person rank
21/185
2024
171/185
2023
Average annual personal income after taxes
$41,775
2026
$4,233
2026
Market capitalization of domestic companies
$2.04T
2024
n/a
Number of millionaires
2,675,000
2025
n/a
Number of billionaires
171
2025
n/a
Income share by richest 10%
25%
2020
30.8%
2010
Income share by poorest 10%
2.9%
2020
2.7%
2010
Government expenditure, % of GDP
49.4%
2024
118.4%
2024
Consumer prices inflation
2.26%
2023-2024
1.2%
2023-2024
Unemployment rate
3.37%
2024
7.32%
2022
Population
82575542
9341

Spending and national debt comparison by year

Germany
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Germany Tuvalu
Government spending Government debt Government spending Government debt
2024 49.4% 63.5% 118.4% 6.96%
2023 48.1% 62.4% 138.8% 6.67%
2022 48.6% 64.4% 115.3% 6.33%
2021 50.7% 68% 113.8% 11.3%
2020 51.1% 68% 119.5% 12.1%
2019 45.5% 58.7% 113.6% 11.6%
2018 44.7% 60.8% 125.6% 11.8%
2017 44.5% 64% 106.4% 12%
2016 44.7% 68.3% 119.6% 11.5%
2015 44.5% 71.2% 116.9% 14.4%
2014 44.5% 74.5% 96.8% 16.4%
2013 45.2% 77.5% 80.2% 17.8%
2012 45.1% 79.8% 76.8% 19.3%
2011 45.3% 78.5% 77.2% 19.1%
2010 48.1% 81% 93.9% 21.1%
2009 48.3% 72.4% 100% 20.6%
2008 44.4% 65.2% 85.8% 19.8%
2007 43.5% 63.7% 88.6% 32.4%
2006 45.3% 66.4% 98.5% 37.5%
2005 46.9% 67.1% 82.1% 37.4%
2004 47% 65% 74.1% -
2003 48.5% 63.3% - -
2002 48.2% 59.8% - -
2001 47.7% 58.1% - -
2000 48.1% 59.2% - -
1999 48.5% 60.3% - -
1998 48.3% 59.4% - -
1997 48.8% 58.8% - -
1996 49.6% 57.7% - -
1995 55.2% 54.9% - -
1994 48.3% 47.5% - -
1993 48.3% 45.1% - -
1992 47.4% 41.4% - -
1991 46.5% 39% - -
1990 44.7% 40.7% - -
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

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

In 2024, Germany's government spending was $2.32T, accounting for 49.4% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 63.5% in Germany and 6.96% in Tuvalu, ranking 72/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Tuvalu
1x
Year Deficit/surplus, % of GDP
Germany Tuvalu
2024 -2.66% -8.23%
2023 -2.49% 15.3%
2022 -1.91% -14.6%
2021 -3.17% -13.3%
2020 -4.38% 13.7%
2019 1.33% -1.07%
2018 1.88% 30.3%
2017 1.34% 2.09%
2016 1.13% 27.5%
2015 0.91% 14.7%
2014 0.73% 3.26%
2013 0.12% 26%
2012 -0.05% 9.58%
2011 -0.84% -8.8%
2010 -4.42% -23.4%
2009 -3.18% -13.5%
2008 -0.26% -17.2%
2007 0.15% -18.6%
2006 -1.76% -36.8%
2005 -3.37% -12.8%
2004 -3.42% -3.6%
2003 -3.83% -
2002 -4.09% -
2001 -3.12% -
2000 -1.71% -
1999 -1.87% -
1998 -2.65% -
1997 -3.03% -
1996 -3.64% -
1995 -9.44% -
1994 -2.54% -
1993 -3.11% -
1992 -2.63% -
1991 -3.21% -
1990 -1.94% -
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

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

In 2023, Germany's government deficit, the difference between spending and revenue, was $114B, equivalent to 2.49% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, Germany recorded a fiscal deficit in 12 of those years, while Tuvalu ran a deficit in 11 years. On average, Germany posted an annual deficit equal to 1.08% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Germany

Tuvalu
1x
Year Consumer prices inflation
Germany Tuvalu
2024 2.26% 1.2%
2023 5.95% 7.2%
2022 6.87% 12.2%
2021 3.07% 6.7%
2020 0.14% 1.6%
2019 1.45% 3.5%
2018 1.73% 2.2%
2017 1.51% 4.1%
2016 0.49% 3.5%
2015 0.51% 3.1%
2014 0.91% 1.1%
2013 1.5% 2%
2012 2.01% 1.4%
2011 2.08% 0.5%
2010 1.1% -1.9%
2009 0.31% -0.3%
2008 2.63% 10.4%
2007 2.3% 2.3%
2006 1.58% 4.2%
2005 1.55% 3.2%
2004 1.67% 2.4%
2003 1.03% 2.9%
2002 1.42% 5.1%
2001 1.98% 1.5%
2000 1.44% -
1999 0.59% -
1998 0.91% -
1997 1.94% -

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/germany/tuvalu | CC BY

Over the past 24 years, Germany has recorded an average annual inflation rate of 1.92%, compared with 3.34% in Tuvalu. In 2024, inflation was 2.26% in Germany and 1.2% in Tuvalu.

Top exports between countries

Germany
Export category Export value
Chemicals & pharma $108K
Machinery & equipment $88K
Miscellaneous $62K
Textiles & consumer goods $10K
Tuvalu
Export category Export value

Balance of trade

Germany Tuvalu
Current account balance
$270B
2024
$2.71M
2022
Current account balance ranking
2/190
2024
77/190
2022
Current account balance, % of GDP
+5.77%
2024
+4.59%
2022
Goods imports
$1.21T
2024
$24.2M
2022
Goods exports
$1.47T
2024
$184K
2022
Service imports
$548B
2024
$33.1M
2022
Service exports
$470B
2024
$2.05M
2022
Imports of goods and services, % of GDP
37.7%
2024
n/a
Exports of goods and services, % of GDP
41.4%
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.

Germany Tuvalu
Economic freedom 71.7 60
Economic freedom ranking 30/197 99/197
Property rights 95.5 n/a
Government integrity 84.5 n/a
Judicial effectiveness 94.6 n/a
Tax burden 60.5 n/a
Government spending 28.8 n/a
Fiscal health 83.1 n/a
Business freedom 79.8 n/a
Labor freedom 52.2 n/a
Monetary freedom 72.5 n/a
Trade freedom 79.4 n/a
Investment freedom 60 n/a
Financial freedom 70 n/a

Other economic metrics

Germany Tuvalu
Services, % of GDP
64%
2024
n/a
Industry, % of GDP
25.6%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
0.91%
2024
15.9%
2015
GNI, Atlas method
$4.6T
2024
$86M
2023
GNI per capita, PPP
$76,180
2024
$8,320
2023
Total reserves including gold
$378B
2024
n/a
Total reserves ranking
10/177
2024
n/a
Net foreign direct investment
$32.6B
2024
$0
2022
Net inflows of foreign direct investment
$47.6B
2024
$258K
2024
Net outflows of foreign direct investment
$80.2B
2024
$0
2024
Poverty at national poverty lines
14.8%
2021
26.3%
2020
Gross capital formation, % of GDP
21.5%
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/germany/tuvalu | CC BY

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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 (1880–1990, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, 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 (2021–2024, 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.