|
Agriculture > products
|
coconuts; fish |
|
|
|
Asian countries by GDP per capita > GDP Per capita
|
$1,100.00
|
|
[50th of 54]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Budget > Expenditures
|
$23,050,000.00 |
|
[154th of 165]
|
|
Source: Wikipedia: List of Asian countries by GDP per capita
|
|
Budget > Revenues
|
$21,540,000.00 |
|
[155th of 166]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Current account balance
|
-$11,680,000.00 |
|
[60th of 181]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Economic aid > Recipient
|
$10,490,000.00 |
|
[12th of 134]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
Tuvalu consists of a densely populated, scattered group of nine coral atolls with poor soil. The country has no known mineral resources and few exports. Subsistence farming and fishing are the primary economic activities. Fewer than 1,000 tourists, on average, visit Tuvalu annually. Job opportunities are scarce and public sector workers make up the majority of those employed. About 15% of the adult male population work as seamen on merchant ships abroad and remittances are a vital source of income, contributing around $4 million in 2006. Substantial income is received annually from the Tuvalu Trust Fund (TTF), an international trust fund established in 1987 by Australia, NZ, and the UK and supported also by Japan and South Korea. Thanks to wise investments and conservative withdrawals, this fund grew from an initial $17 million to an estimated value of $77 million in 2006. The TFF contributed nearly $9 million towards the government budget in 2006 and is an important cushion for meeting shortfalls in the government's budget. The US Government is also a major revenue source for Tuvalu because of payments from a 1988 treaty on fisheries. In an effort to ensure financial stability and sustainability, the government is pursuing public sector reforms, including privatization of some government functions and personnel cuts. Tuvalu also derives royalties from the lease of its ".tv" Internet domain name, with revenue of more than $2 million in 2006. A minor source of government revenue comes from the sale of stamps and coins. With merchandise exports only a fraction of merchandise imports, continued reliance must be placed on fishing and telecommunications license fees, remittances from overseas workers, official transfers, and income from overseas investments. Growing income disparities and the vulnerability of the country to climatic change are among leading concerns for the nation. |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
Tuvaluan dollars or Australian dollars per US dollar - 1.3598 (2004), 1.5419 (2003), 1.8406 (2002), 1.9334 (2001), 1.7248 (2000) |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports
|
$1,000,000.00 |
|
[58th of 189]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Exports > Commodities
|
copra, fish |
|
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports to US
|
$0.00 |
|
[222nd of 224]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$12,200,000.00 |
|
[194th of 203]
|
|
Source: US Census Bureau |
|
GDP (purchasing power parity)
|
$14,940,000.00 |
|
[20th of 187]
|
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > Composition by sector > Agriculture
|
16.6% |
|
[22nd of 146]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > Composition by sector > Industry
|
27.2% |
|
[26th of 146]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > Real growth rate
|
3% |
|
[129th of 198]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Imports
|
$12,910,000.00 |
|
[170th of 185]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Inflation rate (consumer prices)
|
3.8% |
|
[94th of 192]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Tourist arrivals by region of origin > Europe
|
104 |
|
[180th of 195]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Trade balance with US
|
$100,000.00 |
|
[101st of 224]
|
|
Source: Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization |
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