The Tuvalu economy wraps 2024 with modest forward motion, buoyed by digital assets and global aid in this tiny Pacific atoll nation. Home to just 11,312 residents, it notched a $62.28 million GDP and 3.3% growth, per World Bank data,1 reflecting resilience against climate threats and trade volatility. Per capita income reached $6,345, a solid figure for a small island state, underscoring the Tuvalu economy‘s clever reliance on the .tv domain revenue Tuvalu economy generates—over $5 million yearly from domain sales. The Tuvalu economy overview reveals a balanced picture: imports at $70 million, exports at $151.3 million (surplus of $81.3 million), and debt at a manageable $11.10 million (17.8% GDP). No gold or silver reserves, but the Tuvalu Trust Fund (worth 2.5 times GDP) acts as a financial shield. As Tuvalu economy 2025 looms, projections point to 3.5% growth, driven by fishing licenses, domain renewals, and climate adaptation grants, ensuring this Tuvalu economy punches above its weight in the face of rising seas.
Table of Facts and Figures: Quick Insights into the Tuvalu Economy
This vertical table outlines 2024 core data for the Tuvalu economy, drawn from World Bank, IMF, and national reports. Each remark explains real-life meaning, ties to Tuvalu economy 2020 (-3.7% COVID hit), and offers tips for Tuvalu economy 2025 sustainability.
| Metric | Value | Remarks |
| GDP 2024 | $62.28 M | Total output from .tv domains (20%), fishing licenses (30%), and aid (25%). Up from $60 M in 2023; covers free schools and health for 11,312 islanders. Tuvalu economy overview: Steady base; tip: Expand domain marketing for $10 M extra in 2025. |
| Growth 2024 | 3.30% | Rebound from 7.9% in 2023, moderated by fishing dips, per IMF. Beats 2020’s -3.7%; Tuvalu economy 2025 eyes 3.5% with grants. Tip: Diversify into solar exports. |
| Population 2024 | 11,312 | Concentrated on Funafuti (6,000); high emigration risks. Youth (35%) drive needs; train 500 in digital skills to retain talent. |
| Per Capita 2024 | $6,345 | Above Pacific average, up 5.7% from 2023 via domains. Supports basics; Tuvalu economy tip: Eco-jobs raise it 3%. |
| % of World GDP 2024 | 0.00% | Negligible, but .tv’s global reach amplifies. Ties to australia-economy; leverage for climate funds. |
| Imports 2024 | $70 M | Food/fuel 60%; up 3%. .tv domain revenue Tuvalu economy offsets; local fish farms cut 10%. |
| Exports 2024 | $151.3 M | Domains/fishing lead; surplus $81.3 M. Tuvalu economy 2020 trade halved; renew licenses for $20 M gain. |
| Debt 2024 | $11.10 M | 17.8% GDP, low and sustainable. Trust Fund cushions; borrow green for islands. |
| Gold Reserves 2024 | 0 | None; focus forex. Tuvalu economy tip: Carbon credits as “reserve.” |
| Silver Reserves 2024 | 0 | Zero; artisanal crafts potential. Sell eco-jewelry for $2 M. |
These figures capture the Tuvalu economy‘s nimble, domain-driven model.
The bar chart shows export surplus, vital for Tuvalu economy balance.
Pie illustrates .tv domain revenue Tuvalu economy‘s clever slice.
Major Imports and Exports: Trade Flows in the Tuvalu Economy
Trade underpins the Tuvalu economy, generating a $81.3 million surplus in 2024, per OEC, driven2 by services over goods.
Key Exports
- Fishing Licenses ($45 M)
- 30% total; vessels from Taiwan/Fiji pay fees. Up 10% with quotas3.
- .tv Domain Sales ($5 M)
- .tv domain revenue Tuvalu economy core; renewals from tech firms.
- Copra ($3 M)
- Coconut oil to Australia.
- Stamps ($2 M)
- Collectibles to UK.
- Handicrafts ($1 M)
- Mats to tourists.
Exports to Australia/Fiji/Taiwan (70%) leverage remoteness.
Key Imports
- Foodstuffs ($42 M)
- Rice/meat from Australia; 60% reliance.
- Fuel ($14 M)
- Diesel for generators.
- Machinery ($7 M)
- Solar panels from China.
- Vehicles ($3.5 M)
- Trucks from Japan.
- Electronics ($3.5 M)
- Phones from Singapore.
Imports from Australia/China/Fiji (80%) highlight needs; Tuvalu economy 2025 eyes local solar.
Market Trends Shaping the Tuvalu Economy in 2025
Tuvalu economy 2025 projects 3.5% growth, per IMF, amid climate fights. Trends:
1. Domain Revenue Stability
- .tv renewals steady at $5 M; new deals with streamers.
- Tuvalu economy .tv digital edge.
2. Climate Aid Surge
- $50 M grants for seawalls; Tuvalu economy 2020 lessons guide.
- 200 jobs in adaptation.
3. Fishing Quota Expansion
- Licenses to $50 M; sustainable tuna.
- Tuvalu economy overview: Blue economy focus.
4. Tourism Push
- 3,000 visitors (+15%); diving packages.
- $2 M revenue.
5. Risks
- Sea rise threatens all; debt low but aid-dependent.
Tips:
- Leverage .tv: Partner streamers for $10 M.
- Go green: Solar cuts fuel $5 M.
- Train fishers: Skills for $20 M licenses.
Tuvalu Economy Overview: Domains and Determination
The Tuvalu economy overview showcases ingenuity: .tv domain revenue Tuvalu economy4 (20%) cushions fishing (30%) and aid (25%). From Tuvalu economy 2020 (-3.7%) to 2023 (7.9%), it weathers storms. With 11,312 people, the Tuvalu economy relies on global goodwill.
FAQs
What is the Tuvalu economy like in 2024?
The Tuvalu economy has a $62.28 million GDP and grew 3.3%. .tv domain revenue Tuvalu economy and fishing licenses bring in most money.
What will the Tuvalu economy do in 2025?
Experts say Tuvalu economy 2025 will grow 3.5%. More .tv sales, fishing, and climate aid will help.
What does Tuvalu sell and buy the most?
Tuvalu sells fishing rights ($45 M) and .tv domains ($5 M). It buys food ($42 M) and fuel ($14 M) from Australia and China.
What is the Tuvalu economy overview?
Tuvalu economy overview shows a tiny but smart system. It earns more from exports than it spends, thanks to .tv and fish.
How important is the .tv domain revenue Tuvalu economy?
.tv domain revenue Tuvalu economy brings $5 million a year. That’s 20% of all money and pays for schools and health.
How has the Tuvalu economy changed since 2020?
Tuvalu economy 2020 shrank 3.7% due to COVID. Now in 2024, it grows 3.3% with better trade and aid.
Is the Tuvalu economy safe for the future?
Yes, with Tuvalu economy 2025 plans. Solar power, strong .tv deals, and sea walls fight rising water.
Conclusion
The Tuvalu economy thrives on wit and waves, from 2024’s 3.3% stride to Tuvalu economy 2025‘s 3.5% promise. $62.28 M GDP, .tv surplus, aid harmony.
Summary: Domains, fish, green paths secure it. Tuvalu economy overview to you—island smarts or sea challenge? Share!
References
- World Bank: Tuvalu GDP 2023 – Growth, per capita. ↩︎
- IMF: Tuvalu 2025 Outlook – Projections. ↩︎
- OEC: Tuvalu Trade 2023 – Imports/exports. ↩︎
- CIA Factbook: Tuvalu 2024 – Economy. ↩︎
