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Economy Of Tuvalu
Tuvalu is a Polynesian island nation located in the Pacific Ocean, midway between Hawaii and Australia, with a population of 11,192 per the 2017 census. The economy of Tuvalu is constrained by its remoteness and lack of economies of scale. Government revenues largely come from 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. The lease of its highly fortuitous .tv Top Level Domain (TLD) also contributes revenue. The sale of stamps since the independence of Tuvalu in 1976 has been an important source of revenue for the country and government. However, such revenue has significantly declined in recent years. Tuvalu has hardly any tourism. It has no tour guides, tour operators or organised activities and no cruise ships visit. The Tuvalu Trust Fund was established in 1987 by the United Kingdom, Australia and New Zea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuvaluan Dollar
The Tuvaluan dollar is the currency of Tuvalu, whose unofficial international currency code is TVD. Tuvalu has never had banknotes of its own, and has been issuing coins since 1976. However, the Tuvaluan dollar is used as a unit of account, and is pegged to the Australian dollar at parity. From 1966 to 1976, Tuvalu officially used the Australian dollar. In 1976, Tuvalu began issuing its own coins, which continue to circulate alongside Australian coins. Tuvalu continues to use Australian banknotes. Tuvaluan coins are not legal tender in Australia. Similar to the Faroese króna's relationship to the Danish krone and the Panamanian balboa's relationship to the United States dollar, the Tuvaluan dollar is not an independent currency, but a variation of the Australian dollar. Tuvalu does not have a monetary authority or central bank, and the National Bank of Tuvalu, the only bank in Tuvalu, performs some monetary functions for the government, including the holding of government accoun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island country by area, covering . New Zealand is about east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Informal Sector
An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable. However, the informal sector provides critical economic opportunities for the poor and has been expanding rapidly since the 1960s. Integrating the informal economy into the formal sector is an important policy challenge. In many cases, unlike the formal economy, activities of the informal economy are not included in a country's gross national product (GNP) or gross domestic product (GDP). However, Italy has included estimates of informal activity in their GDP calculations since 1987, which swells their GDP by an estimated 18% and in 2014, a number of European countries formally changed their GDP calculations to include prostitution and narcotics sales in their official GDP sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Funafuti
Funafuti is the capital of the island nation of Tuvalu. It has a population of 6,320 people (2017 census), and so it has more people than the rest of Tuvalu combined, with approximately 60% of the population. It consists of a narrow sweep of land between wide, encircling a large lagoon (''Te Namo'') long and wide. The average depth of the Funafuti lagoon is about 20 fathoms (36.5 metres or 120 feet). With a surface area of , it is by far the largest lagoon in Tuvalu. The land area of the 33 islets around the atoll of Funafuti totals ; taken together, they constitute less than one percent of the total area of the atoll. Cargo ships can enter Funafuti's lagoon and dock at the port facilities on Fongafale. The capital of Tuvalu is sometimes said to be Fongafale or Vaiaku, but, officially, the entire atoll of Funafuti is its capital, since it has a single government that is responsible for the whole atoll. Fongafale The largest island is Fongafale. The island houses four villag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Copra
Copra (from ) is the dried, white flesh of the coconut from which coconut oil is extracted. Traditionally, the coconuts are sun-dried, especially for export, before the oil, also known as copra oil, is pressed out. The oil extracted from copra is rich in lauric acid, making it an important commodity in the preparation of lauryl alcohol, soaps, fatty acids, cosmetics, etc. and thus a lucrative product for many coconut-producing countries. The palatable oil cake, known as copra cake, obtained as a residue in the production of copra oil is used in animal feeds. The ground cake is known as coconut or copra meal. Production Copra has traditionally been grated and ground, then boiled in water to extract coconut oil. It was used by Pacific island cultures and became a valuable commercial product for merchants in the Polynesia, South Seas and South Asia in the 1860s. Nowadays, coconut oil (70%) is extracted by crushing copra; the by-product is known as copra cake or copra meal (30%) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pulaka
Pulaka, ''Cyrtosperma merkusii'', or swamp taro, is a crop grown mainly in Tuvalu and an important source of carbohydrates for the area's inhabitants. It is a "swamp crop" similar to taro, but "with bigger leaves and larger, coarser roots." The same plant is known as ‘‘pulaka’’ in Niue, babai in Kiribati, ''puraka'' in Cook Islands, ''pula’a'' in Samoa, ''via kan'' in Fiji, Pulaka in Tokelau, ''simiden'' in Chuuk, ''swam taro'' in Papua New Guinea, and ''navia'' in Vanuatu. Pulaka roots need to be cooked for hours to reduce toxicity in the corms, but are rich in nutrients, especially calcium. Pulaka is an important part of Tuvalu cultural and culinary tradition, now under threat from rising sea level and displacement from the growing use of imported food products. Cultivation The crop is grown in pits dug into the limestone atoll and is fertilized by adding leaves from different plants. The plants derive water from the freshwater lens found a few meters below the ato ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculture In Tuvalu
Agriculture in Tuvalu is based on coconut and swamp taro (''Cyrtosperma merkusii''), (known in Tuvalu as ''Pulaka''), which is similar to taro ('' Colocasia esculenta'') but "with bigger leaves and larger, coarser roots"; taro is also cultivated in Tuvalu. Crops The staple food of Tuvalu is coconut, ''pulaka'' and taro. Bananas, papaya and breadfruit are supplemental crops. The dried flesh of the coconut (copra) is the main agricultural export of Tuvalu, with other agricultural products consumed locally. Because of the young geological age of the reef islands and atolls and high level of soil salination the soil is relatively poor. Wealth and status in traditional Tuvaluan culture was determined by possession of ''pulaka'' and taro pits and coconut trees. Traditional use of broadleaf forest Charles Hedley (1896) identified the uses of plants and trees that were harvested from the native broadleaf forest as including:Hedley (1896), p. 40–41. * Food plants: Coconut; and ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuvalu - Funafuti - Approach
Tuvalu ( or ; formerly known as the Ellice Islands) is an island country and microstate in the Polynesian subregion of Oceania in the Pacific Ocean. Its islands are situated about midway between Hawaii and Australia. They lie east-northeast of the Santa Cruz Islands (which belong to the Solomon Islands), northeast of Vanuatu, southeast of Nauru, south of Kiribati, west of Tokelau, northwest of Samoa and Wallis and Futuna, and north of Fiji. Tuvalu is composed of three reef islands and six atolls. They are spread out between the latitude of 5° and 10° south and between the longitude of 176° and 180°. They lie west of the International Date Line. Tuvalu has a population of 10,507 (2017 census). The total land area of the islands of Tuvalu is . The first inhabitants of Tuvalu were Polynesians, according to well-established theories regarding a migration of Polynesians into the Pacific that began about three thousand years ago. Long before European contact with th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tuvalu - Location Map (2013) - TUV - UNOCHA
Tuvalu ( or ; formerly known as the Ellice Islands) is an island country and microstate in the Polynesian subregion of Oceania in the Pacific Ocean. Its islands are situated about midway between Hawaii and Australia. They lie east-northeast of the Santa Cruz Islands (which belong to the Solomon Islands), northeast of Vanuatu, southeast of Nauru, south of Kiribati, west of Tokelau, northwest of Samoa and Wallis and Futuna, and north of Fiji. Tuvalu is composed of three reef islands and six atolls. They are spread out between the latitude of 5° and 10° south and between the longitude of 176° and 180°. They lie west of the International Date Line. Tuvalu has a population of 10,507 (2017 census). The total land area of the islands of Tuvalu is . The first inhabitants of Tuvalu were Polynesians, according to well-established theories regarding a migration of Polynesians into the Pacific that began about three thousand years ago. Long before European contact with th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittances
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marshall Islands
The Marshall Islands ( mh, Ṃajeḷ), officially the Republic of the Marshall Islands ( mh, Aolepān Aorōkin Ṃajeḷ),'' () is an independent island country and microstate near the Equator in the Pacific Ocean, slightly west of the International Date Line. Geographically, the country is part of the larger island group of Micronesia. The country's population of 58,413 people (at the 2018 World Bank Census) is spread out over five islands and 29 coral atolls, comprising 1,156 individual islands and islets. The capital and largest city is Majuro. It has the largest portion of its territory composed of water of any sovereign state, at 97.87%. The islands share maritime boundaries with Wake Island to the north, Kiribati to the southeast, Nauru to the south, and Federated States of Micronesia to the west. About 52.3% of Marshall Islanders (27,797 at the 2011 Census) live on Majuro. In 2016, 73.3% of the population were defined as being "urban". The UN also indicates a population d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kiribati
Kiribati (), officially the Republic of Kiribati ( gil, ibaberikiKiribati),Kiribati ''The World Factbook''. Europa (web portal). Retrieved 29 January 2016. is an in in the central . The permanent population is over 119,000 (2020), more than half of whom live on |
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