Economy of Tuvalu - GDP and Other Economic Performance Indicators

GDP and Other Economic Performance Indicators

The Australian dollar (A$) is the currency of Tuvalu.

This article incorporates public domain material from websites or documents of the CIA World Factbook.

Further information sourced from: "Tuvalu: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Tuvalu". International Monetary Fund Country Report No. 11/46. 8 February 2011. https://www.imf.org/external/pubs/cat/longres.aspx?sk=24632.0. Retrieved 4 September 2011.

GDP: purchasing power parity $36 million (2010 est.)

GDP: official exchange rate $32 million (2010 est.)

GDP - real growth rate: -1.7% (2009); 0.2% (2010 est.) 0% (2011 proj.)

GDP - per capita: $2,447 (2009)

GDP – composition by sector: (2002)

GNI - GNI per capita: $4,760 (current US$ 2010)

Agriculture: 16.6%

Industry: 27.2%

Services: 56.2%

Inflation rate (consumer prices): -1¾% (November 2010)

Total population: 10,544 (July 2011 est.)

Labor force - by occupation: people make a living mainly through exploitation of the sea, reefs, and atolls and from wages sent home by those working abroad in Australia and New Zealand and sailors working of merchant ships.

Labour force: 3,615 (2004 est.)

Unemployment rate: 16.3% (2004)

See also: Tuvalu Overseas Seamen's Union

Budget:
(millions) Total revenues and grants: A$24.6 million (2010 budget); A$424.0 (2010 est.)

Total expenditures: A$32.6 million (2010 budget); A$34.0 (2010 est.)

Government finance:
(in percentage of GDP)

Revenue and grants: 89.8% (2009); 69.0% (2010 est.)

Current Revenue: 59.4% (2009) 49.3% (2010 est.)

Grants: 30.4% (2009); 19.7% (2010 est.)

Expenditure and net lending: 93.5% (2009); 97.75% (2010 est.)

Current expenditure: 78.0% (2009); 84.3% (2010 est.)

Capital Expenditure and net lending: 15.5% (2009); 13.5% (2010 est.)

Overall balance: -3.7% (2009); 28.7% (2010 est.)

Electricity - production: 3 GWh (1995)

Electricity - consumption: 3 GWh (1995)

Industries: fishing, tourism, copra

Agriculture - products: coconuts; fish

Exports: $1 million (f.o.b., 2004)

Exports - commodities: copra, fish

Exports - partners: Germany 56.8%, Fiji 14.4%, Italy 10.9%, UK 7.7%, Poland 4.9% (2004)

Imports: $12.91 million (c.i.f., 2005)

Imports - commodities: food, animals, mineral fuels, machinery, manufactured goods

Imports - partners: Fiji 50.2%, Japan 18.1%, Australia 9.6%, China 8%, New Zealand 5.5% (2004)

Economic aid - recipient: $30.4 (2009); $19.7 million (2010 est.) note - major donors are Australia, New Zealand, European Union, Japan, and the US

Currency: 1 Tuvaluan dollar ($T) or 1 Australian dollar (A$) = 100 cents

Exchange rates: Tuvaluan dollars or Australian dollars per US dollar - 1.0902 (2010), 1.2822 (2009), 1.2137 (2007), 1.3285 (2006)

Fiscal year: calendar year