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• Economy_of_Tuvalu abstract "Tuvalu is a Polynesian island nation located in the Pacific Ocean, midway between Hawaii and Australia. The economy of Tuvalu is constrained by its remoteness and lack of economies of scale. Government revenues largely come from the lease of its highly fortuitous .tv Top Level Domain (TLD); sales of stamps and coins; fishing licences (primarily paid under the South Pacific Tuna Treaty); direct grants from international donors (government donors as well as from the Asian Development Bank); and income from the Tuvalu Trust Fund (established in 1987 by the United Kingdom, Australia, New Zealand).The Tuvalu Trust Fund was established for the intended purpose of helping to supplement national deficits, underpin economic development, and help the nation achieve greater financial autonomy. The Trust Fund, has contributed roughly (A$79 million) 15% of the annual government budget each year since 1990. With a capital value of about 2.5 times GDP, the Trust Fund provides an important cushion for Tuvalu's volatile income sources from fishing and royalties from the sale of the .tv domain.World Bank Statistics outline that in 2010 Tuvalu produced a bottom-tier ranking Gross Domestic Product of $31,350,804 and Gross National Income of $4,760. In terms of GNI the nation compares, adequately with other Pacific SIDS states such as Kiribati ($2,010) and the Marshall Islands ($3,640). Fishing licensing agreements with Taiwan, Japan, Korea, New Zealand and the United States generating an income of A$9 million in 2009. However a large proportion of national income is obtained through the employment of 15% of adult male Tuvaluans, overseas in the maritime industry. The value of these remittances was valued at A$4 million (est. 2006) and on average accounts for 10% of GDP. A UN Report makes reference to the fact that these revenue streams are vulnerable to macroeconomic change while the national budget remains heavily subsidised through international aid and funding schemes such as the Tuvalu Trust Fund (TTF) with a strong reliance on the importation of food (imports $15.5 million 2007 est).On 5 August 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Tuvalu, and assessed the economy of Tuvalu: “A slow recovery is underway in Tuvalu, but there are important risks. GDP grew in 2011 for the first time since the global financial crisis, led by the private retail sector and education spending. We expect growth to rise slowly”.".
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• Economy_of_Tuvalu wikiPageWikiLink File:Flag_of_Tuvalu.svg.
• Economy_of_Tuvalu wikiPageWikiLink File:Government_office_building.jpg.
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• Economy_of_Tuvalu wikiPageWikiLink File:Tuvalu_-_Location_Map_(2013)_-_TUV_-_UNOCHA.svg.
• Economy_of_Tuvalu wikiPageWikiLink File:Tuvalu_on_the_globe_(Polynesia_centered).svg.
• Economy_of_Tuvalu wikiPageWikiLinkText "Economy of Tuvalu".
• Economy_of_Tuvalu wikiPageWikiLinkText "Private sector enterprises of Tuvalu".
• Economy_of_Tuvalu wikiPageWikiLinkText "Public sector enterprises of Tuvalu".
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