Norway vs Tuvalu: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, Norway and Tuvalu ranked 5th vs 124th, respectively.

Gross Domestic Product & Income

Stat	Norway	Tuvalu
GDP	$434.2B	$42.6M
GDP growth, 1 year	1.4%	2.5%
GDP growth, 5-years average	1.7%	N/A
Population	5.4M	11k
GDP per capita	$82k	$3.7k
GDP per capita growth	0.58%	1.27%
Purchasing Power Parity conversion factor	10.14	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	1.25	0.91
GDP per capita, PPP adjusted	$74k	$4k
GNI, Atlas method	$428.4B	$62.5M
GNI per capita	$81k	$5.4k
GNI, PPP adjusted	$363B	$70.2M
GNI per capita, PPP adjusted	$68k	$6.1k

Financial system and Human development

Stat	Norway	Tuvalu
Income Tax Rate	47.8%	N/A
Corporate Tax Rate	22%	N/A
Inflation, consumer prices	2.8%	N/A
Inflation, GDP deflator	5.8%	4.9%
Unemployment	3.9%	8.5%
Economic Freedom Index	73.4	60
Personal Freedom Index	9.55	6.2
Human Freedom Index	8.61	6.1
Property Rights Index	84.3	N/A
Judical Effectiveness Index	82.8	N/A
Business Freedom Index	86.1	N/A
Fiscal Health Index	97.3	N/A
Labor Freedom Index	57.4	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	83.8	N/A
Monetary Freedom Index	74.8	N/A
Government Spending Index	25.6	N/A
Tax Burden Index	57.7	N/A
Government Integrity Index	95.6	N/A
Corruption Perceptions Index	84	48
Life expectancy at birth, years	82.5	66
Suicide mortality rate, per 100,000 people	12.2	1
Mortality caused by road traffic injury, per 100,000 people	2.7	0.2
Intentional homicides, per 100,000 people	0.5	18.7
International tourism, number of arrivals	5.7M	2.7k

Government debt & reserves

Stat	Norway	Tuvalu
Central government debt, % of GDP	36.8%	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	16.9%	N/A
Gross savings, % of GDP	35.9%	N/A
Gross capital formation, % of GDP	27.3%	N/A
Total reserves including gold	$63.1B	N/A
Foreign direct investment net inflows	-$17.4B	$299k

Exports, imports and economic structure

Stat	Norway	Tuvalu
Exports of goods and services, % of GDP	38.4%	N/A
Imports of goods and services, % of GDP	32.6%	N/A
Current account balance (balance of payments)	$31.4B	$6.8M
Revenue excluding grants, % of GDP	47.4%	N/A
Grants excluding technical cooperation, BoP	N/A	$9.6M
Personal remittances received	$644.3M	$4M
Industry including construction value added, % of GDP	32%	7.3%
Agriculture, forestry and fishing value added, % of GDP	1.9%	16.5%
Charges for the use of intellectual property, payments BoP	$768.9M	N/A
Charges for the use of intellectual property, receipts BoP	$515.2M	$14k
Expense, % of GDP	37.7%	N/A
Government Expenditure, % of GDP	49.8%	N/A