The Tuvalu Central Statistics Division (CSD), with the assistance of a Technical Advisor from the IMF, compiled Tuvalu’s Balance of Payments (BoP) statistics for 2023.
CURRENT ACCOUNTS
Tuvalu’s current account recorded a strong surplus in 2023 of AU$30.4M, which was driven by stronger income flows. The primary and secondary income accounts continued to provide the largest positive contributions, while trade in goods and services remained in deficit due to high import dependence.
Current Account Trends:
CAPITAL ACCOUNTS
The capital account maintained a modest surplus, reflecting lower project-related grants following the completion of major donor-funded infrastructure works in previous years.
Capital Account Trends:
NET LENDING/BORROWING
Overall, Tuvalu registered a net lending position of AU$33.0 million in 2023, compared with AU$8.1 million in 2022 and AU$33.9 million in 2021. This result indicates that Tuvalu consistently earned more from its external transactions than it spent abroad, reinforcing its position as a net creditor economy.
Net Lending/Borrowing Trends:
For more information, please click the button below to download the Tuvalu BoP Report 2023 and BoP Tables.