7%. In 1998, Tuvalu began deriving revenue
from use of its area code for "900" lines and in 2000, from the
lease of its ".tv" Internet domain name. Royalties from these new
technology sources could increase substantially over the next
decade. With merchandise exports only a fraction of merchandise
imports, continued reliance must be placed on fishing and
telecommunications license fees, remittances from overseas workers,
official transfers, and income from overseas investments.

GDP (purchasing power parity):
$12.2 million (2000 est.)

GDP - real growth rate:
3% (2000 est.)

GDP - per capita:
purchasing power parity - $1,100 (2000 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Labor force:
7,000 (2001 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 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

Inflation rate (consumer prices):
5% (2000 est.)

Budget:
revenues: $22.5 million
expenditures: $11.2 million, including capital expenditures of $4.2
million (2000 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

Exports:
$1 million f.o.b. (2002)

Exports - commodities:
copra, fish

Exports - partners:
Germany 56.5%, Fiji 14.3%, Italy 10.9%, UK 7.7%, Poland 4.9% (2004)

Imports:
$79 million c.i.f. (2002)

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)

Debt - external:
NA

Economic aid - recipient:
$13 million; note - major donors are Australia, Japan, and the US
(1999 est.)

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

Currency code:
AUD

Exchange rates:
Tuvaluan dollars or Australian dollars per US dollar - 1.3598
(2004), 1.5419 (2003), 1.8406 (2002), 1.9334 (2001), 1.7248 (2000)

Fiscal year:
calendar year

Communications Tuvalu

Telephones - main lines