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Economy of Indonesia vs Tuvalu compared: GDP & Debt

Updated on by Georank team

Indonesia has a GDP of $1.4T compared to $62.3M for Tuvalu, ranking 16/197 and 196/197 by economy size, respectively.

Indonesia has $561B in government debt (40.2% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

Indonesia vs Tuvalu GDP by year

Indonesia
Tuvalu
1x
Year GDP, current $
Indonesia Tuvalu
2024 $1,396,300,098,191 -
2023 $1,371,169,301,564 $62,280,312
2022 $1,319,101,183,380 $59,065,982
2021 $1,186,509,691,087 $60,196,406
2020 $1,059,054,842,698 $51,746,594
2019 $1,119,099,871,350 $54,123,199
2018 $1,042,271,532,989 $48,015,260
2017 $1,015,618,744,160 $45,276,595
2016 $931,877,364,038 $41,629,064
2015 $860,854,232,686 $36,811,936
2014 $890,814,755,534 $38,760,983
2013 $912,524,136,718 $38,615,891
2012 $917,869,913,333 $39,345,579
2011 $892,969,104,563 $39,196,957
2010 $755,094,157,622 $32,105,408
2009 $539,580,085,612 $28,076,984
2008 $510,228,634,992 $31,874,435
2007 $432,216,737,775 $28,450,169
2006 $364,570,515,618 $24,096,875
2005 $285,868,619,196 $22,909,980
2004 $256,836,875,295 $22,798,275
2003 $234,772,463,824 $19,456,338
2002 $195,660,611,165 $16,842,673
2001 $160,446,947,785 $13,964,732
2000 $165,021,012,078 $15,073,976
1999 $140,001,351,215 $14,800,503
1998 $95,445,547,873 $13,795,146
1997 $215,748,998,610 $13,734,210
1996 $227,369,679,375 $13,338,597
1995 $202,132,028,723 $11,922,614
1994 $176,892,143,932 $11,772,611
1993 $158,006,700,302 $10,414,400
1992 $128,026,966,580 $10,535,028
1991 $116,621,996,217 $10,127,314
1990 $106,140,727,334 $9,542,901
1989 $94,451,427,877 $8,454,523
1988 $84,300,174,486 $7,011,059
1987 $75,929,617,558 $5,020,513
1986 $79,954,072,545 $4,574,706
1985 $85,289,488,375 $3,862,852
1984 $84,853,700,028 $4,481,978
1983 $81,052,283,384 $4,152,550
1982 $90,158,449,295 $4,118,945
1981 $85,518,233,419 $4,773,018
1980 $72,482,337,397 $4,206,128
1979 $51,400,186,343 $4,065,659
1978 $51,455,719,076 $3,798,782
1977 $45,808,915,663 $3,669,420
1976 $37,269,156,627 $3,919,072
1975 $30,463,855,422 $4,014,748
1974 $25,802,409,639 $4,122,329
1973 $16,273,253,012 $3,411,915
1972 $10,997,590,361 $2,968,458
1971 $9,333,536,370 $2,716,990
1970 $9,150,684,932 $2,585,956
1969 $8,337,423,313 -
1968 $7,076,465,300 -
1967 $5,667,756,628 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Indonesia vs Tuvalu by year

Indonesia
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Indonesia Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,925 $16,448 - -
2023 $4,876 $15,416 $6,345 $6,151
2022 $4,731 $14,285 $5,911 $5,661
2021 $4,287 $12,757 $5,905 $5,353
2020 $3,854 $11,729 $4,976 $5,122
2019 $4,107 $11,986 $5,115 $5,210
2018 $3,861 $11,372 $4,466 $4,432
2017 $3,799 $10,688 $4,166 $4,227
2016 $3,521 $10,263 $3,809 $4,031
2015 $3,288 $10,028 $3,358 $3,776
2014 $3,441 $10,065 $3,529 $3,419
2013 $3,567 $9,866 $3,510 $3,277
2012 $3,632 $9,530 $3,598 $3,170
2011 $3,579 $8,937 $3,636 $3,176
2010 $3,066 $8,353 $3,025 $2,945
2009 $2,218 $7,868 $2,684 $3,082
2008 $2,125 $7,569 $3,088 $3,291
2007 $1,823 $7,096 $2,794 $3,034
2006 $1,558 $6,583 $2,396 $2,787
2005 $1,238 $6,134 $2,305 $2,728
2004 $1,127 $5,700 $2,323 $2,765
2003 $1,043 $5,353 $2,007 $2,770
2002 $881 $5,076 $1,750 $2,915
2001 $732 $4,849 $1,457 $2,596
2000 $764 $4,639 $1,579 $2,597
1999 $657 $4,386 $1,559 $2,543
1998 $455 $4,356 $1,460 $2,560
1997 $1,045 $5,037 $1,461 $2,204
1996 $1,119 $4,807 $1,428 $1,982
1995 $1,011 $4,451 $1,285 $2,083
1994 $900 $4,096 $1,279 $2,165
1993 $817 $3,793 $1,141 $1,939
1992 $674 $3,538 $1,166 $1,837
1991 $624 $3,305 $1,134 $1,769
1990 $578 $3,044 $1,085 $1,676
1989 $524 - $976 -
1988 $477 - $823 -
1987 $438 - $600 -
1986 $470 - $557 -
1985 $511 - $480 -
1984 $520 - $567 -
1983 $508 - $533 -
1982 $578 - $537 -
1981 $561 - $634 -
1980 $487 - $571 -
1979 $353 - $566 -
1978 $362 - $546 -
1977 $331 - $549 -
1976 $275.7 - $612 -
1975 $231.1 - $656 -
1974 $200.7 - $708 -
1973 $129.9 - $601 -
1972 $90.1 - $522 -
1971 $78.5 - $478 -
1970 $79.1 - $457 -
1969 $74.1 - - -
1968 $64.7 - - -
1967 $53.2 - - -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

Indonesia's GDP per capita is $4,925, ranking 121/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Indonesia ranks 107th at $16,448, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Indonesia Tuvalu
Gross domestic product
$1.4T
2024
$62.3M
2023
GDP rank
16/197
2024
196/197
2023
GDP growth
5.03%
2023-2024
3.85%
2022-2023
GDP per capita
$4,925
2024
$6,345
2023
GDP per capita rank
121/197
2024
110/197
2023
GDP per capita, PPP
$16,448
2024
$6,151
2023
GDP per capita PPP rank
107/197
2024
152/197
2023
Government debt
$561B
2024
$4.15M
2023
Debt-to-GDP ratio
40.2%
2024
6.96%
2024
Government debt per person
$1,978
2024
$423
2023
Government debt per person rank
120/185
2024
171/185
2023
Average annual personal income after taxes
$3,371
2026
$4,233
2026
Market capitalization of domestic companies
$758B
2023
n/a
Number of millionaires
178,605
2025
n/a
Number of billionaires
33
2025
n/a
Income share by richest 10%
28.8%
2024
30.8%
2010
Income share by poorest 10%
3.5%
2024
2.7%
2010
Government expenditure, % of GDP
16.8%
2024
118.4%
2024
Consumer prices inflation
2.18%
2023-2024
1.2%
2023-2024
Central bank interest rate
4.75%
2025
n/a
Unemployment rate
3.31%
2023
7.32%
2022
Population
288551776
9341

Spending and national debt comparison by year

Indonesia
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Indonesia Tuvalu
Government spending Government debt Government spending Government debt
2024 16.8% 40.2% 118.4% 6.96%
2023 16.6% 39.6% 138.8% 6.67%
2022 17.3% 40.1% 115.3% 6.33%
2021 18.1% 41.1% 113.8% 11.3%
2020 18.4% 39.7% 119.5% 12.1%
2019 16.4% 30.6% 113.6% 11.6%
2018 16.6% 30.4% 125.6% 11.8%
2017 16.4% 29.4% 106.4% 12%
2016 16.9% 28% 119.6% 11.5%
2015 17.6% 27% 116.9% 14.4%
2014 18.4% 24.6% 96.8% 16.4%
2013 18.8% 24.9% 80.2% 17.8%
2012 18.8% 23% 76.8% 19.3%
2011 17.7% 23.1% 77.2% 19.1%
2010 16.9% 26.4% 93.9% 21.1%
2009 17% 26.5% 100% 20.6%
2008 19.4% 30.3% 85.8% 19.8%
2007 18.7% 38.1% 88.6% 32.4%
2006 18.4% 35.8% 98.5% 37.5%
2005 17.4% 42.6% 82.1% 37.4%
2004 17.8% 51.3% 74.1% -
2003 18.2% 55.6% - -
2002 16.9% 62.3% - -
2001 19.5% 73.7% - -
2000 15.3% 87.4% - -
1999 15.1% 95.9% - -
1998 15.1% 72.5% - -
1997 15.2% 26.4% - -
1996 11.5% 27.5% - -
1995 11.9% 32% - -
1994 13.5% 37% - -
1993 14.1% 40.4% - -
1992 16.8% 42.6% - -
1991 15% 39.2% - -
1990 15.8% 40.8% - -
1989 16.5% 42.5% - -
1988 17.3% 45.6% - -
1987 18% 49.7% - -
1986 20.9% 38.3% - -
1985 18.5% 28% - -
1984 16.1% 23.5% - -
1983 18.2% 23.1% - -
1982 18.8% 18.6% - -
1981 24.4% 16.4% - -
1980 22.1% 17.3% - -
1979 20.9% 22% - -
1978 20.1% 30.3% - -
1977 19.5% 27.7% - -
1976 21.8% 38.1% - -
1975 20.5% 36.7% - -
1974 17.3% 34.4% - -
1973 16.3% 43.1% - -
1972 15.7% 51.2% - -
1971 14.5% 50.5% - -
1970 13.8% 46.7% - -
1969 12.8% - - -
1968 8.82% - - -
1967 10.4% - - -
1966 9.18% - - -
1965 10.7% - - -
1964 9.55% - - -
1963 10.3% - - -
1962 7.89% - - -
1961 15.1% - - -
1960 14.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Indonesia's government spending was $235B, accounting for 16.8% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 40.2% in Indonesia and 6.96% in Tuvalu, ranking 132/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Indonesia

Tuvalu
1x
Year Deficit/surplus, % of GDP
Indonesia Tuvalu
2024 -2.3% -8.23%
2023 -1.64% 15.3%
2022 -2.31% -14.6%
2021 -4.4% -13.3%
2020 -6.07% 13.7%
2019 -2.09% -1.07%
2018 -1.69% 30.3%
2017 -2.26% 2.09%
2016 -2.56% 27.5%
2015 -2.72% 14.7%
2014 -1.8% 3.26%
2013 -1.96% 26%
2012 -1.59% 9.58%
2011 -0.7% -8.8%
2010 -1.24% -23.4%
2009 -1.64% -13.5%
2008 0.05% -17.2%
2007 -0.95% -18.6%
2006 0.45% -36.8%
2005 0.46% -12.8%
2004 -0.26% -3.6%
2003 -1.08% -
2002 -0.58% -
2001 -1.76% -
2000 -1.87% -
1999 -0.96% -
1998 -1.89% -
1997 -1.03% -
1996 0.96% -
1995 0.64% -
1994 0.005% -
1993 -0.59% -
1992 -2.95% -
1991 -0.87% -
1990 -0.55% -
1989 -1.72% -
1988 -2.68% -
1987 -0.9% -
1986 -2.94% -
1985 -0.45% -
1984 1.83% -
1983 -1% -
1982 -1.11% -
1981 -0.69% -
1980 -0.82% -
1979 -0.67% -
1978 -2.03% -
1977 -0.38% -
1976 -2.63% -
1975 -2.33% -
1974 -0.35% -
1973 -1.33% -
1972 -1.82% -
1971 -2.51% -
1970 -3.02% -
1969 -2.8% -
1968 0% -
1967 -0.35% -
1966 -5.06% -
1965 -6.62% -
1964 -5.58% -
1963 -5.24% -
1962 -3.1% -
1961 -4.57% -
1960 -1.65% -
1959 -4.06% -
1958 -6.67% -
1957 -2.92% -
1956 -1.38% -
1955 -1.6% -
1954 -3.16% -
1953 -2.33% -
1952 -3.66% -
1951 1.52% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

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

In 2023, Indonesia's government deficit, the difference between spending and revenue, was $22.5B, equivalent to 1.64% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, Indonesia recorded a fiscal deficit in 17 of those years, while Tuvalu ran a deficit in 11 years. On average, Indonesia posted an annual deficit equal to 1.75% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Indonesia

Tuvalu
1x
Year Consumer prices inflation
Indonesia Tuvalu
2024 2.18% 1.2%
2023 3.67% 7.2%
2022 4.21% 12.2%
2021 1.56% 6.7%
2020 1.92% 1.6%
2019 3.03% 3.5%
2018 3.2% 2.2%
2017 3.81% 4.1%
2016 3.53% 3.5%
2015 6.36% 3.1%
2014 6.39% 1.1%
2013 6.41% 2%
2012 4.28% 1.4%
2011 5.36% 0.5%
2010 5.13% -1.9%
2009 4.39% -0.3%
2008 10.2% 10.4%
2007 6.41% 2.3%
2006 13.1% 4.2%
2005 10.5% 3.2%
2004 6.06% 2.4%
2003 6.76% 2.9%
2002 11.9% 5.1%
2001 11.5% 1.5%
2000 3.69% -
1999 20.5% -
1998 58.5% -
1997 6.23% -

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/indonesia/tuvalu | CC BY

Over the past 24 years, Indonesia has recorded an average annual inflation rate of 5.91%, compared with 3.34% in Tuvalu. In 2024, inflation was 2.18% in Indonesia and 1.2% in Tuvalu.

Top exports between countries

Indonesia
Export category Export value
Machinery & equipment $1.91M
Chemicals & pharma $53K
Processed food, beverages & tobacco $28K
Metals $25K
Textiles & consumer goods $8K
Animal & marine products $3K
Tuvalu
Export category Export value

Balance of trade

Indonesia Tuvalu
Current account balance
-$8.72B
2024
$2.71M
2022
Current account balance ranking
174/190
2024
77/190
2022
Current account balance, % of GDP
-0.62%
2024
+4.59%
2022
Goods imports
$223B
2024
$24.2M
2022
Goods exports
$263B
2024
$184K
2022
Service imports
$57.6B
2024
$33.1M
2022
Service exports
$39B
2024
$2.05M
2022
Imports of goods and services, % of GDP
20.4%
2024
n/a
Exports of goods and services, % of GDP
22.2%
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.

Indonesia Tuvalu
Economic freedom 65.1 60
Economic freedom ranking 67/197 99/197
Property rights 39.7 n/a
Government integrity 42 n/a
Judicial effectiveness 43.1 n/a
Tax burden 81.5 n/a
Government spending 91.4 n/a
Fiscal health 89.8 n/a
Business freedom 69.2 n/a
Labor freedom 56.8 n/a
Monetary freedom 79.4 n/a
Trade freedom 78.6 n/a
Investment freedom 50 n/a
Financial freedom 60 n/a

Other economic metrics

Indonesia Tuvalu
Services, % of GDP
43.8%
2024
n/a
Industry, % of GDP
39.3%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
12.6%
2024
15.9%
2015
GNI, Atlas method
$1.39T
2024
$86M
2023
GNI per capita, PPP
$16,010
2024
$8,320
2023
Total reserves including gold
$156B
2024
n/a
Total reserves ranking
20/177
2024
n/a
Net foreign direct investment
-$15.9B
2024
$0
2022
Net inflows of foreign direct investment
$24.2B
2024
$258K
2024
Net outflows of foreign direct investment
$8.39B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.65%
2024
n/a
Poverty at national poverty lines
9%
2024
26.3%
2020
Gross capital formation, % of GDP
31.4%
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/indonesia/tuvalu | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1951–1999, 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 (2023–2024, 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.