FANDOM


Tuvalu

Commonwealth realm
Flag of Tuvalu Coat of Arms of Tuvalu
Motto
Tuvalu mo te Atua
Tuvalu for the Almighty
Anthem
God Save the Queen
Map of Tuvalu
CapitalFunafuti
Government Constitutional monarchy and parliamentary democracy
Monarch
- From 1978Elizabeth II
Governor General
- From 2010Iakoba Italeli
Prime Minister
- From 2010Willy Telavi
Legislature Parliament
History
October 1, 1975 Separated from Gilbert Islands
October 1, 1978Established
Area26 km²
Population
- 201110,544
 Density405.5/km²
GDP2011 (PPP)
- TotalUS$ 0 billion
- Per capitaUS$ 3,400
CurrencyTuvaluan dollar
Flag of Gilbert and Ellice Islands Gilbert and Ellice Islands
v

Tuvalu is a constitutional monarchy in Polynesia. It is also one of the Commonwealth realms.


Background

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.[1]

Economy

Tuvalu consists of a densely populated, scattered group of nine coral atolls with poor soil. The country has no known mineral resources and few exports and is almost entirely dependent upon imported food and fuel. Subsistence farming and fishing are the primary economic activities. Fewer than 1,000 tourists, on average, visit Tuvalu annually. Job opportunities are scarce and public sector workers make up most of those employed. About 15% of the adult male population work as seamen on merchant ships abroad, and remittances are a vital source of income contributing around $2 million in 2007. Substantial income is received annually from the Tuvalu Trust Fund (TTF) an international trust fund established in 1987 by Australia, NZ, and the UK and supported also by Japan and South Korea. Thanks to wise investments and conservative withdrawals, this fund grew from an initial $17 million to an estimated value of $77 million in 2006. The TTF contributed nearly $9 million towards the government budget in 2006 and is an important cushion for meeting shortfalls in the government's budget. The US Government is also a major revenue source for Tuvalu because of payments from a 1988 treaty on fisheries. In an effort to ensure financial stability and sustainability, the government is pursuing public sector reforms, including privatization of some government functions and personnel cuts. Tuvalu also derives royalties from the lease of its ".tv" Internet domain name with revenue of more than $2 million in 2006. A minor source of government revenue comes from the sale of stamps and coins. 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. Growing income disparities and the vulnerability of the country to climatic change are among leading concerns for the nation.[2]

Monarch

  • Elizabeth II () (October 1, 1978 - )

Governor General

  • Iakoba Italeli () (April 16, 2010 - )

Prime Minister

  • Willy Telavi () (December 24, 2010 - )

Nation

Tuvaluan Polities

Neighbouring Nations

References

  1. The CIA World Factbook: Introduction - Background
  2. The CIA World Factbook: Economy - Overview

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.