This overview provides a summary of the selected indicators, including their latest values, changes over time, and key statistics.
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This indicator tracks the percentage change in the total market value of all final goods and services produced within Tuvalu over a specific period. It serves as a primary measure of economic performance and national income expansion. For economists and policymakers, the GDP growth rate is crucial for assessing the health and trajectory of the Tuvaluan economy. A rising growth rate suggests economic expansion, potentially leading to increased employment and higher living standards. Conversely, a declining rate or contraction signals economic slowdown or recession, prompting potential policy interventions. The calculation involves summing consumption, investment, government spending, and net exports. Sustained positive growth indicates a robust economy, while persistent negative growth highlights significant economic challenges.
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