Tuvalu is now expected to grow by more than forecast in the Asian Development Outlook 2017 because fishing license revenue has exceeded projections. By the end of August, actual receipts from fishing license fees had reached 84% of the 2017 budgeted amount of A$24.9 million, equal to 51.8% of GDP. At this rate, receipts are projected to exceed the 2017 budget projection by as much as 18%. The growth forecast for 2018 is maintained as fishery revenue receipts are projected to decline. Read more from Asian Development Outlook 2017 Update
Note: GDP growth rate forecasts for 2017 and 2018.