Tuvalu

Official Name:

Tuvalu

Area:

26 km ²

Population (2007):

11.992 inhabitants

Coastline:

24 km

Capital:

Funafuti

Maritime Ports and terminals:

Funafuti

Maritime claims:

Territorial sea: 12 nm
Contiguous zone: 24 nm
Exclusive economic zone: 200 nm

Political divisions:

None

Language(s):

Tuvaluan, English, Samoan, Kiribati (on the island of Nui)

National holiday:

Independence Day, 1 October (1978)

Nationality:

Tuvaluan(s)

Official time:

UTC 12. Note: administrative offices are located in Vaiaku Village on Fongafale Islet

Member of:

ACP, AsDB, C, FAO, IFRCS (observer), IMO, ITU, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, UPU, WHO

Internet country code:

.tv

Economic Profile

Currency:

Australian dollar (AUD); note - there is also a Tuvaluan dollar

GDP - per capita (PPP):

USD1.600 (2002 est.)

GDP (official exchange rate):

(2002 est.) USD 14.940.000

PIB (Real growth rate:

1,2% (2002 est.)

GDP (Composition by sector): (2002 est.)

Agriculture: 16,6%
Industry: 27,2%
Services: 56,2%

Labor force:

3.615 (2004 est.)

Labor force - by occupation (2004):

Note: people make a living mainly through exploitation of the sea, reefs, and atolls and from wages sent home by those abroad (mostly workers in the phosphate industry and sailors)

Unemployment rate:

Inflation rate (Consumer prices):

3,9% (2005 est)

Investment (Gross Fixed):

Budget:

Revenues: USD22.780.000
Expenditures: USD14.230.000

Public debt:

Current account balance:

USD 2.323.000 (1998 est.)

Exports:

USD 1.000.000 FOB (2004 est.)

Exports - Commodities:

Copra, fish

Exports - Partners:

Germany 60,5%, Italy 20,1%, Fiji 6,9% (2005)

Imports:

USD 9.186.000 FOB (2004 est.)

Imports - Commodities:

Food, animals, mineral fuels, machinery, manufactured goods

Imports - partners:

Fiji 46,1%, Japan 18,9%, China 18,2%, Australia 7,7%, NZ 4,1% (2005)

Reserves of foreign exchange and gold:

Debt - external:

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