nce 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.

GDP (purchasing power parity):

$14.94 million (2002 est.)

GDP (official exchange rate):

$14.94 million (2002)

GDP - real growth rate:

3% (2006 est.)

GDP - per capita (PPP):

$1,600 (2002 est.)

GDP - composition by sector:

agriculture: 16.6%
industry: 27.2%
services: 56.2% (2002)

Labor force:

3,615 (2004 est.)

Labor force - by occupation:

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:

NA%

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $21.54 million
expenditures: $23.05 million (2006)

Fiscal year:

calendar year

Inflation rate (consumer prices):

3.8% (2006 est.)

Agriculture - products:

coconuts; fish

Industries:

fishing, tourism, copra

Industrial production growth rate:

NA%

Electricity - production by source:

fossil fuel: NA
hydro: NA
nuclear: NA
other: NA

Current account balance:

-$11.68 million (2003)

Exports:

$1 million f.o.b. (2004 est.)

Exports - commodities:

copra, fish

Exports - partners:

Germany 60.5%, Italy 20.1%, Fiji 6.9% (2006)

Imports:

$12.91 million c.i.f. (2005)

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% (2006)

Economic aid - recipient:

$10.49 million
note: includes distributions from the Tuvalu Trust Fund (2006)

Debt - external:

$NA

Currency (code):

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

Currency code:

AUD

Exchange rates:

Tuvaluan dollars or Australian dollars (AUD) per US dollar - 1.2137
(2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003)

Communications
Tuvalu

Telephones - main lines in use:

900 (2005)

Telephones - mobile cellular:

1,300 (2005)

Telephone system:

general assessment: serves