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Friday, March 14, 2025

TUVALU

Tuvalu is an island country in the South Pacific Ocean, about halfway between Australia and Hawaii. It's made up of nine coral islands, including four reef islands and five atolls.

 Tuvalu's economy is small and relies heavily on foreign aid, remittances, and subsistence farming and fishing. 

Economy overview 

Tuvalu is one of the world's smallest independent nations.

It has a narrow economic base and few natural resources.

Tuvalu's GDP per capita is low.

The country's economy is highly dependent on foreign aid.

Economic activities 

Subsistence farming and fishing are the primary economic activities.

Tuvalu also exports a small amount of copra.

The government sells stamps and coins.

The government collects fees from foreign fishing fleets.

Trade and aid

Tuvalu imports most of its food, fuel, and manufactured goods. 

Tuvalu's major trade partners include Fiji, Australia, New Zealand, and Japan. 

Tuvalu receives aid from Australia, New Zealand, the UK, Japan, and South Korea. 

Employment 

Most Tuvaluans are subsistence farmers.

The formal employment sector is very small.

The government is a significant employer.

Remittances from relatives working overseas are a major source of income for families.

 The Ocean may consume the islands in the days to come because of  rising ocean levels caused by  elevated temperature  and the melting of ice caps.

 We have to be aware that the existential threat faced by  Tuvalu may be upon us too one day

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