Tuvalu vs the United Kingdom: Economic Indicators Comparison
The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, the United Kingdom and Tuvalu ranked 23rd vs 124th, respectively.
Gross Domestic Product & Income
| Stat |  Tuvalu |  United Kingdom |
|---|---|---|
| GDP | $42.6M | $2.9T |
| GDP growth, 1 year | 2.5% | 1.4% |
| GDP growth, 5-years average | N/A | 2.1% |
| Population | 11k | 66M |
| GDP per capita | $3.7k | $43k |
| GDP per capita growth | 1.27% | 0.73% |
| Purchasing Power Parity conversion factor | 1.22 | 0.7 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.91 | 0.93 |
| GDP per capita, PPP adjusted | $4k | $46k |
| GNI, Atlas method | $62.5M | $2.8T |
| GNI per capita | $5.4k | $42k |
| GNI, PPP adjusted | $70.2M | $3T |
| GNI per capita, PPP adjusted | $6.1k | $45k |
Financial system and Human development
| Stat | Tuvalu | United Kingdom |
|---|---|---|
| Income Tax Rate | N/A | 45% |
| Corporate Tax Rate | N/A | 20% |
| Inflation, consumer prices | N/A | 2.5% |
| Inflation, GDP deflator | 4.9% | 1.9% |
| Unemployment | 8.5% | 4% |
| Economic Freedom Index | 60 | 79.3 |
| Personal Freedom Index | 6.2 | 9.08 |
| Human Freedom Index | 6.1 | 8.55 |
| Property Rights Index | N/A | 92.2 |
| Judical Effectiveness Index | N/A | 82.7 |
| Business Freedom Index | N/A | 94.7 |
| Fiscal Health Index | N/A | 78.1 |
| Labor Freedom Index | N/A | 73.1 |
| Investment Freedom Index | N/A | 80 |
| Financial Freedom Index | N/A | 80 |
| Trade Freedom Index | N/A | 86.4 |
| Monetary Freedom Index | N/A | 80.3 |
| Government Spending Index | N/A | 49.5 |
| Tax Burden Index | N/A | 64.7 |
| Government Integrity Index | N/A | 89.9 |
| Corruption Perceptions Index | 48 | 80 |
| Life expectancy at birth, years | 66 | 81.2 |
| Suicide mortality rate, per 100,000 people | 1 | 8.9 |
| Mortality caused by road traffic injury, per 100,000 people | 0.2 | 3.1 |
| Intentional homicides, per 100,000 people | 18.7 | 1.2 |
| International tourism, number of arrivals | 2.7k | 36.3M |
Government debt & reserves
| Stat | Tuvalu | United Kingdom |
|---|---|---|
| Central government debt, % of GDP | N/A | 86.9% |
| 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 | N/A | 5.5% |
| Gross savings, % of GDP | N/A | 13.4% |
| Gross capital formation, % of GDP | N/A | 17.3% |
| Total reserves including gold | N/A | $172.7B |
| Foreign direct investment net inflows | $299k | $35.1B |
Exports, imports and economic structure
| Stat | Tuvalu | United Kingdom |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | 30% |
| Imports of goods and services, % of GDP | N/A | 31.8% |
| Current account balance (balance of payments) | $6.8M | -$123.1B |
| Revenue excluding grants, % of GDP | N/A | 35.3% |
| Grants excluding technical cooperation, BoP | $9.6M | N/A |
| Personal remittances received | $4M | $4.4B |
| Industry including construction value added, % of GDP | 7.3% | 17.5% |
| Agriculture, forestry and fishing value added, % of GDP | 16.5% | 0.6% |
| Charges for the use of intellectual property, payments BoP | N/A | $13.5B |
| Charges for the use of intellectual property, receipts BoP | $14k | $21.7B |
| Expense, % of GDP | N/A | 36% |
| Government Expenditure, % of GDP | N/A | 41% |
