According to COUNTRYAAH, Tuvalu is one of the least developed countries in the world. Commercial agriculture is a little developed, but many are self-sustaining. The soil is lean, and the only forage product is copra from coconut trees. For your own consumption, taro, papaya, bananas and pandanus nuts are grown (Pandanus is a related screw palm). Fishing (mainly of tuna) is conducted on a small scale.
|Gross domestic product (GDP)||$ 42,000,000|
|GDP growth rate||3.20%|
|GDP per capita||$ 3,800|
|GDP by sector|
|Proportion of the population below the national poverty line||–|
|Distribution of household income|
|Top 10%||k. A.|
|Lower 10%||k. A.|
|Industrial production growth rate||-26.10%|
|National debt||37.00% of GDP|
|Foreign exchange reserves|
|Number of visitors||1,000|
Note: the capital city of Tuvalu is Funafuti with a population of 6 320 (2017).
Abbreviated as TUV by abbreviationfinder.org, the country of Tuvalu has a large trade deficit. In the first place, food was imported, but also industrial goods, transport and fossil fuels, mainly from Fiji, Japan and Australia. The very limited supply opportunities in Tuvalu mean that more and more people are applying abroad as guest workers, and their money sent home is of great importance to the country’s economy. Furthermore, the country earns revenue from selling rights to the domain name.tv on the internet.