Attribute | Value |
---|---|
Geography | |
Area | 26 km² |
Continent | Australia |
Land area | 26 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Coastline | 24 km |
Mean elevation | 2 m |
Lowest point | 0 m |
Highest point | 5 m |
People | |
Population | 11,342 |
Official languages |
|
Religion | Protestant |
Government | |
Short country name | Tuvalu |
Short local name | Tuvalu |
Former name |
|
Government type | Parliamentary democracy |
Capital | Funafuti |
Economy | |
GDP (PPP) | 42,000,000 USD |
GDP (OER) | 40,000,000 USD |
GDP (real growth rate) | 3.2 % |
GDP - per capita (PPP) | 3,800 USD |
Labor force | 3,615 |
Population below poverty line | 26.3 % |
Budget revenues | 42,680,000 USD |
Budget expenditures | 32,460,000 USD |
Taxes and other revenues | 106.7 % of GDP |
Budget surplus or deficit | 25.6 % of GDP |
Public debt | 37 % of GDP |
Inflation rate | 4.1 % |
Commercial bank prime lending rate | 10.6 % |
Market value of publicly traded shares | 0 USD |
Current account balance | 2,000,000 USD |
Exports | 600 USD |
Imports | 20,690,000,000 USD |
National currency | Tuvaluan dollars or Australian dollars |
National currency (code) | AUD |
National currency (symbol) | $ |
National currency rate to USD | 1.311 |
In 1974, ethnic differences within the British colony of the Gilbert and Ellice Islands caused the Polynesians of the Ellice Islands to vote for separation from the Micronesians of the Gilbert Islands. The following year, the Ellice Islands became the separate British colony of Tuvalu. Independence was granted in 1978. In 2000, Tuvalu negotiated a contract leasing its Internet domain name ".tv" for $50 million in royalties over a 12-year period. The agreement was subsequently renegotiated but details were not disclosed. Tuvalu will host the Pacific Islands Forum Leaders Meeting in August 2019.