is pursuing public sector
reforms, including privatization of some government functions and
personnel cuts of up to 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 raise GDP 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 investment income from
overseas assets.

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%

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.)

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%

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

Industries: fishing, tourism, copra

Industrial production growth rate: NA%

Electricity - production by source: fossil fuel: NA% hydro: NA% nuclear:
NA% other: NA%

Agriculture - products: coconuts; fish

Exports: $276,000 (f.o.b., 1997)

Exports - commodities: copra, fish

Exports - partners: Sweden, Fiji, Iceland, Germany, Greece (2000)

Imports: $7.2 million (c.i.f., 1998)

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

Imports - partners: Fiji, Australia, Portugal, NZ (2000)

Debt - external: $NA

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

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

Currency code: AUD

Exchange rates: Tuvaluan dollars or Australian dollars per US dollar
- 1.9354 (January 2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999),
1.5888 (1998), 1.3439 (1997)

Fiscal year: calendar year

Communications Tuvalu

Telephones - main lines in use: