Italy vs Tuvalu: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, Italy and Tuvalu ranked 29th vs 124th, respectively.

Gross Domestic Product & Income

Stat	Italy	Tuvalu
GDP	$2.1T	$42.6M
GDP growth, 1 year	0.9%	2.5%
GDP growth, 5-years average	0.9%	N/A
Population	60.3M	11k
GDP per capita	$34k	$3.7k
GDP per capita growth	0.95%	1.27%
Purchasing Power Parity conversion factor	0.7	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.82	0.91
GDP per capita, PPP adjusted	$40k	$4k
GNI, Atlas method	$2T	$62.5M
GNI per capita	$34k	$5.4k
GNI, PPP adjusted	$2.6T	$70.2M
GNI per capita, PPP adjusted	$42k	$6.1k

Financial system and Human development

Stat	Italy	Tuvalu
Income Tax Rate	43%	N/A
Corporate Tax Rate	27.5%	N/A
Inflation, consumer prices	1.2%	N/A
Inflation, GDP deflator	0.9%	4.9%
Unemployment	10.2%	8.5%
Economic Freedom Index	63.8	60
Personal Freedom Index	8.79	6.2
Human Freedom Index	8.01	6.1
Property Rights Index	75.4	N/A
Judical Effectiveness Index	51.3	N/A
Business Freedom Index	70.4	N/A
Fiscal Health Index	71.1	N/A
Labor Freedom Index	50.9	N/A
Investment Freedom Index	80	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	83.2	N/A
Government Spending Index	28.5	N/A
Tax Burden Index	56	N/A
Government Integrity Index	62.2	N/A
Corruption Perceptions Index	52	48
Life expectancy at birth, years	83.2	66
Suicide mortality rate, per 100,000 people	8.2	1
Mortality caused by road traffic injury, per 100,000 people	5.6	0.2
Intentional homicides, per 100,000 people	0.7	18.7
International tourism, number of arrivals	61.6M	2.7k

Government debt & reserves

Stat	Italy	Tuvalu
Central government debt, % of GDP	132.1%	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%	N/A
Gross savings, % of GDP	20.8%	N/A
Gross capital formation, % of GDP	18.2%	N/A
Total reserves including gold	$152.4B	N/A
Foreign direct investment net inflows	$39.6B	$299k

Exports, imports and economic structure

Stat	Italy	Tuvalu
Exports of goods and services, % of GDP	31.5%	N/A
Imports of goods and services, % of GDP	29%	N/A
Current account balance (balance of payments)	$53.8B	$6.8M
Revenue excluding grants, % of GDP	37.7%	N/A
Grants excluding technical cooperation, BoP	N/A	$9.6M
Personal remittances received	$9.9B	$4M
Industry including construction value added, % of GDP	21.4%	7.3%
Agriculture, forestry and fishing value added, % of GDP	1.9%	16.5%
Charges for the use of intellectual property, payments BoP	$5.1B	N/A
Charges for the use of intellectual property, receipts BoP	$4.9B	$14k
Expense, % of GDP	41.3%	N/A
Government Expenditure, % of GDP	48.8%	N/A