household debts in Tuvalu

Gross debt in Tuvalu

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Tuvalu in the period from 2005 to 2021 was between 3.8 million and 8.9 million USD. The hightest level within the past 16 years was reached in 2007. However, the liabilities in 2021 have been only four million USD

Based on the number of inhabitants, this is a debt of 339 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt for the last 16 years in millions of USD

YearTuvalu totalTuvalu per capitaEU per capita
20058.17 M USD817 USD18,327 USD
20068.59 M USD849 USD18,877 USD
20078.92 M USD872 USD20,898 USD
20086.15 M USD596 USD24,086 USD
20095.73 M USD550 USD25,361 USD
20106.70 M USD637 USD26,496 USD
20117.39 M USD696 USD29,231 USD
20127.26 M USD676 USD28,174 USD
20136.67 M USD615 USD29,981 USD
20146.35 M USD579 USD30,648 USD
20155.29 M USD486 USD25,918 USD
20164.78 M USD441 USD26,261 USD
20175.45 M USD503 USD27,024 USD
20185.66 M USD521 USD28,448 USD
20196.25 M USD570 USD27,168 USD
20204.01 M USD363 USD30,783 USD
20213.80 M USD339 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Tuvalu       European Union

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