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Economy of Thailand vs Tuvalu compared: GDP & Debt

Updated on by Georank

Thailand has a GDP of $577B compared to $62.3M for Tuvalu, ranking 30/197 and 196/197 by economy size, respectively.

Thailand has $373B in government debt (64.7% of GDP), compared to $4.15M (3.6% of GDP) in Tuvalu.

Thailand vs Tuvalu GDP by year

Thailand
Tuvalu
1x
Year GDP, current $
Thailand Tuvalu
2025 $577,009,981,112 -
2024 $529,385,520,942 -
2023 $517,013,369,475 $62,280,312
2022 $495,691,837,308 $59,065,982
2021 $506,049,783,825 $60,196,406
2020 $500,274,927,779 $51,746,594
2019 $543,976,691,794 $54,123,199
2018 $506,754,208,404 $48,015,260
2017 $456,356,813,537 $45,276,595
2016 $413,366,349,748 $41,629,064
2015 $401,296,238,228 $36,811,936
2014 $407,339,040,198 $38,760,983
2013 $420,333,654,593 $38,615,891
2012 $397,558,325,279 $39,345,579
2011 $370,818,739,624 $39,196,957
2010 $341,104,766,329 $32,105,408
2009 $281,710,630,187 $28,076,984
2008 $291,382,982,431 $31,874,435
2007 $262,942,621,455 $28,450,169
2006 $221,758,296,022 $24,096,875
2005 $189,318,408,469 $22,909,980
2004 $172,895,685,155 $22,798,275
2003 $152,280,615,246 $19,456,338
2002 $134,300,904,400 $16,842,673
2001 $120,296,476,180 $13,964,732
2000 $126,392,224,254 $15,073,976
1999 $126,669,211,779 $14,800,503
1998 $113,675,596,788 $13,795,146
1997 $150,180,456,566 $13,734,210
1996 $183,035,237,429 $13,338,597
1995 $169,278,916,593 $11,922,614
1994 $146,683,778,959 $11,772,611
1993 $128,889,262,951 $10,414,400
1992 $111,452,746,518 $10,535,028
1991 $98,234,714,971 $10,127,314
1990 $85,343,190,719 $9,542,901
1989 $72,250,748,100 $8,454,523
1988 $61,667,253,471 $7,011,059
1987 $50,535,446,555 $5,020,513
1986 $43,096,773,981 $4,574,706
1985 $38,900,711,333 $3,862,852
1984 $41,797,647,776 $4,481,978
1983 $40,042,798,388 $4,152,550
1982 $36,589,772,404 $4,118,945
1981 $34,846,039,194 $4,773,018
1980 $32,353,514,989 $4,206,128
1979 $27,371,650,825 $4,065,659
1978 $24,006,566,637 $3,798,782
1977 $19,779,312,261 $3,669,420
1976 $16,985,208,648 $3,919,072
1975 $14,882,770,594 $4,014,748
1974 $13,702,998,512 $4,122,329
1973 $10,838,587,358 $3,411,915
1972 $8,177,873,151 $2,968,458
1971 $7,375,000,024 $2,716,990
1970 $7,086,538,438 $2,585,956
1969 $6,695,336,567 -
1968 $6,081,009,428 -
1967 $5,638,461,442 -
1966 $5,279,230,817 -
1965 $4,388,937,649 -
1964 $3,889,129,942 -
1963 $3,540,403,457 -
1962 $3,308,912,797 -
1961 $3,034,037,811 -
1960 $2,760,750,861 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Thailand vs Tuvalu by year

Thailand
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Thailand Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $8,057 - - -
2024 $7,387 $24,712 - -
2023 $7,211 $23,519 $6,345 $6,151
2022 $6,910 $22,243 $5,911 $5,661
2021 $7,055 $20,243 $5,905 $5,353
2020 $6,983 $19,164 $4,976 $5,122
2019 $7,606 $19,963 $5,115 $5,210
2018 $7,100 $18,876 $4,466 $4,432
2017 $6,413 $17,573 $4,166 $4,227
2016 $5,834 $16,671 $3,809 $4,031
2015 $5,689 $15,791 $3,358 $3,776
2014 $5,801 $15,365 $3,529 $3,419
2013 $6,018 $15,216 $3,510 $3,277
2012 $5,726 $14,617 $3,598 $3,170
2011 $5,374 $13,227 $3,636 $3,176
2010 $4,974 $12,932 $3,025 $2,945
2009 $4,135 $11,964 $2,684 $3,082
2008 $4,309 $12,062 $3,088 $3,291
2007 $3,919 $11,723 $2,794 $3,034
2006 $3,331 $10,912 $2,396 $2,787
2005 $2,868 $10,169 $2,305 $2,728
2004 $2,642 $9,545 $2,323 $2,765
2003 $2,348 $8,824 $2,007 $2,770
2002 $2,090 $8,148 $1,750 $2,915
2001 $1,890 $7,632 $1,457 $2,596
2000 $2,006 $7,289 $1,579 $2,597
1999 $2,033 $6,901 $1,559 $2,543
1998 $1,848 $6,590 $1,460 $2,560
1997 $2,473 $7,148 $1,461 $2,204
1996 $3,055 $7,322 $1,428 $1,982
1995 $2,864 $6,901 $1,285 $2,083
1994 $2,518 $6,341 $1,279 $2,165
1993 $2,245 $5,834 $1,141 $1,939
1992 $1,972 $5,347 $1,166 $1,837
1991 $1,766 $4,914 $1,134 $1,769
1990 $1,559 $4,451 $1,085 $1,676
1989 $1,342 - $976 -
1988 $1,164 - $823 -
1987 $970 - $600 -
1986 $842 - $557 -
1985 $774 - $480 -
1984 $847 - $567 -
1983 $827 - $533 -
1982 $770 - $537 -
1981 $748 - $634 -
1980 $709 - $571 -
1979 $612 - $566 -
1978 $548 - $546 -
1977 $462 - $549 -
1976 $405 - $612 -
1975 $364 - $656 -
1974 $343 - $708 -
1973 $278.3 - $601 -
1972 $215.6 - $522 -
1971 $199.7 - $478 -
1970 $197.1 - $457 -
1969 $191.4 - - -
1968 $178.8 - - -
1967 $170.7 - - -
1966 $164.5 - - -
1965 $140.9 - - -
1964 $128.6 - - -
1963 $120.7 - - -
1962 $116.2 - - -
1961 $109.7 - - -
1960 $102.8 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Thailand's GDP per capita is $8,057, ranking 97/197, compared to $6,345 in Tuvalu, ranking 113/197. Adjusted for purchasing power (GDP per capita PPP), Thailand ranks 85th at $24,712, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Thailand Tuvalu
Gross domestic product
$577B
2025
$62.3M
2023
GDP rank
30/197
2025
196/197
2023
GDP growth
2.44%
2024-2025
3.85%
2022-2023
GDP per capita
$8,057
2025
$6,345
2023
GDP per capita rank
97/197
2025
113/197
2023
GDP per capita, PPP
$24,712
2024
$6,151
2023
GDP per capita PPP rank
85/197
2024
152/197
2023
Government debt
$373B
2025
$4.15M
2023
Debt-to-GDP ratio
64.7%
2025
3.6%
2025
Government debt per person
$5,211
2025
$423
2023
Government debt per person rank
83/185
2025
171/185
2023
Average annual personal income after taxes
$7,438
2026
$4,485
2026
Market capitalization of domestic companies
$512B
2025
n/a
Number of millionaires
100,001
2024
n/a
Number of billionaires
25
2026
n/a
Income share by richest 10%
26%
2024
30.8%
2010
Income share by poorest 10%
3.4%
2024
2.7%
2010
Government expenditure, % of GDP
23%
2025
105.3%
2025
Consumer prices inflation
-0.13%
2024-2025
2%
2024-2025
Central bank interest rate
1.5%
2025
n/a
Unemployment rate
0.6%
2025
7.32%
2022
Population
71565981
9349

Spending and national debt comparison by year

Thailand
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Thailand Tuvalu
Government spending Government debt Government spending Government debt
2025 23% 64.7% 105.3% 3.6%
2024 22.6% 62.9% 117.5% 6.96%
2023 22.7% 62.2% 145.9% 6.67%
2022 24.7% 60.5% 115.3% 6.33%
2021 26.8% 58.4% 113.8% 11.3%
2020 24.9% 49.4% 119.5% 12.1%
2019 20.6% 41.1% 113.6% 11.6%
2018 21.2% 41.9% 125.6% 11.8%
2017 21.6% 41.8% 106.4% 12%
2016 21.4% 41.7% 119.6% 11.5%
2015 22.3% 42.6% 116.9% 14.4%
2014 22.2% 43.3% 96.8% 16.4%
2013 21.6% 42.2% 80.2% 17.8%
2012 22.3% 41.9% 76.8% 19.3%
2011 21.1% 39.1% 77.2% 19.1%
2010 22% 39.8% 93.9% 21.1%
2009 21.7% 42.4% 100% 20.6%
2008 19.2% 34.9% 85.8% 19.8%
2007 20% 36% 88.6% 32.4%
2006 18.7% 39.2% 98.5% 37.5%
2005 19.6% 45.5% 82.1% 37.4%
2004 19.3% 46.3% 74.1% -
2003 18.3% 47.5% - -
2002 25.7% 54.9% - -
2001 20.8% 57.5% - -
2000 19.3% 57.8% - -
1999 26.5% 56.6% - -
1998 23.9% 49.9% - -
1997 21.6% 40.5% - -
1996 18% 15.2% - -
1995 17.2% 5.12% - -
1994 16% 6.69% - -
1993 18.8% 9.14% - -
1992 17.8% 11.4% - -
1991 17% 14.1% - -
1990 16.6% 18% - -
1989 16.5% 23.7% - -
1988 15.1% 30.3% - -
1987 17.5% 38.8% - -
1986 19.5% 40.1% - -
1985 20.5% 36.8% - -
1984 19.3% 30.6% - -
1983 19.5% 28.9% - -
1982 20.2% 27.1% - -
1981 19.1% 24.4% - -
1980 18.7% 22.1% - -
1979 16.9% 23.7% - -
1978 16.6% 22.8% - -
1977 16.1% 22.4% - -
1976 15.6% 22% - -
1975 14.2% 15.8% - -
1974 13.2% 16.3% - -
1973 15.9% 21.2% - -
1972 18.5% 26.8% - -
1971 18.8% 21.5% - -
1970 17.6% 18.5% - -
1969 15.9% 17.7% - -
1968 16% 15.5% - -
1967 15.5% 15% - -
1966 14.7% 14.4% - -
1965 14.7% 14.8% - -
1964 13.3% 13.3% - -
1963 12% 12.6% - -
1962 11.9% 13.4% - -
1961 9.58% 12.9% - -
1960 12.1% 14.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Thailand's government spending was $133B, accounting for 23% of its GDP, while Tuvalu spent $90.9M, or 105.3% of GDP.

Debt-to-GDP ratio is 64.7% in Thailand and 3.6% in Tuvalu, ranking 67/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Thailand

Tuvalu
1x
Year Deficit/surplus, % of GDP
Thailand Tuvalu
2025 -1.91% 31.6%
2024 -1.29% -3.44%
2023 -1.91% 10.1%
2022 -4.61% -14.6%
2021 -6.72% -13.3%
2020 -4.47% 13.7%
2019 0.43% -1.07%
2018 0.2% 30.3%
2017 -0.51% 2.09%
2016 0.41% 27.5%
2015 0.19% 14.7%
2014 -0.7% 3.26%
2013 0.6% 26%
2012 -0.86% 9.58%
2011 0.09% -8.8%
2010 -1.07% -23.4%
2009 -2.21% -13.5%
2008 0.8% -17.2%
2007 0.22% -18.6%
2006 1.87% -36.8%
2005 2.17% -12.8%
2004 1.11% -3.6%
2003 1.98% -
2002 -6.72% -
2001 -1.77% -
2000 -1.79% -
1999 -9.02% -
1998 -6.29% -
1997 -1.68% -
1996 2.75% -
1995 3.05% -
1994 2.78% -
1993 6.67% -
1992 -0.18% -
1991 1.6% -
1990 1.41% -
1989 0.16% -
1988 0.58% -
1987 -2.38% -
1986 -4.32% -
1985 -5.11% -
1984 -3.85% -
1983 -4.02% -
1982 -6.18% -
1981 -4.07% -
1980 -4.41% -
1979 -3.62% -
1978 -3.31% -
1977 -2.91% -
1976 -3.35% -
1975 -1.73% -
1974 1.29% -
1973 -2.7% -
1972 -4.81% -
1971 -5.47% -
1970 -3.73% -
1969 -2.53% -
1968 -2.79% -
1967 -2.1% -
1966 -1.13% -
1965 -1.05% -
1964 -1.01% -
1963 -0.81% -
1962 -0.27% -
1961 0.05% -
1960 0.48% -
1959 -1.15% -
1958 -0.91% -
1957 -1.31% -
1956 -1.38% -
1955 -1.65% -
1954 -3.46% -
1953 -3.56% -
1952 -2.4% -
1951 -3.54% -
1950 -0.7% -
1949 0.7% -
1948 -0.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-07-08).

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

In 2023, Thailand's government deficit, the difference between spending and revenue, was $9.87B, equivalent to 1.91% of GDP. This compares to Tuvalu's surplus of $6.29M, or 10.1% of GDP.

Over the past 20 years, Thailand recorded a fiscal deficit in 9 of those years, while Tuvalu ran a deficit in 11 years. On average, Thailand posted an annual deficit equal to 0.75% of GDP, compared to deficit of 1.32% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Thailand

Tuvalu
1x
Year Consumer prices inflation
Thailand Tuvalu
2025 -0.13% 2%
2024 0.4% 1.2%
2023 1.23% 7.2%
2022 6.08% 12.2%
2021 1.23% 6.7%
2020 -0.85% 1.6%
2019 0.71% 3.5%
2018 1.07% 2.2%
2017 0.66% 4.1%
2016 0.19% 3.5%
2015 -0.9% 3.1%
2014 1.89% 1.1%
2013 2.19% 2%
2012 3.01% 1.4%
2011 3.81% 0.5%
2010 3.25% -1.9%
2009 -0.85% -0.3%
2008 5.47% 10.4%
2007 2.24% 2.3%
2006 4.64% 4.2%
2005 4.54% 3.2%
2004 2.76% 2.4%
2003 1.8% 2.9%
2002 0.7% 5.1%
2001 1.63% 1.5%
2000 1.59% -
1999 0.28% -
1998 7.99% -
1997 5.63% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2001–2025, retrieved 2026-07-08).

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

Over the past 25 years, Thailand has recorded an average annual inflation rate of 1.87%, compared with 3.28% in Tuvalu. In 2025, inflation was -0.13% in Thailand and 2% in Tuvalu.

Top exports between countries

Thailand
Export category Export value
Machinery & equipment $528K
Processed food, beverages & tobacco $312K
Chemicals & pharma $40K
Raw materials & minerals $21K
Textiles & consumer goods $16K
Precious metals & jewellery $2K
Tuvalu
Export category Export value

Balance of trade

Thailand Tuvalu
Current account balance
$15.9B
2025
$2.71M
2022
Current account balance ranking
20/190
2025
70/190
2022
Current account balance, % of GDP
+2.76%
2025
+4.59%
2022
Goods imports
$312B
2025
$24.2M
2022
Goods exports
$335B
2025
$184K
2022
Service imports
$77.2B
2025
$33.1M
2022
Service exports
$76.2B
2025
$2.05M
2022
Imports of goods and services, % of GDP
67.3%
2025
n/a
Exports of goods and services, % of GDP
71.1%
2025
8.22%
2026

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Thailand Tuvalu
Economic freedom 62.2 60
Economic freedom ranking 88/197 99/197
Property rights 41.8 n/a
Government integrity 38.9 n/a
Judicial effectiveness 35 n/a
Tax burden 80.8 n/a
Government spending 83.6 n/a
Fiscal health 81 n/a
Business freedom 69.9 n/a
Labor freedom 56.4 n/a
Monetary freedom 73.3 n/a
Trade freedom 70.2 n/a
Investment freedom 55 n/a
Financial freedom 60 n/a

Other economic metrics

Thailand Tuvalu
Services, % of GDP
60.2%
2025
n/a
Industry, % of GDP
31.1%
2025
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
8.75%
2025
15.9%
2015
GNI, Atlas method
$551B
2025
$86M
2023
GNI per capita, PPP
$25,570
2025
$9,850
2023
Total reserves including gold
$282B
2025
n/a
Total reserves ranking
15/177
2025
n/a
Net foreign direct investment
-$9.51B
2025
$0
2022
Net inflows of foreign direct investment
$14.3B
2024
$258K
2024
Net outflows of foreign direct investment
$7.36B
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.51%
2024
n/a
Poverty at national poverty lines
5.4%
2022
26.3%
2020
Gross capital formation, % of GDP
22.1%
2025
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.