https://www.confiduss.com/en/jurisdictions/tuvalu/economy/ - Economy of Tuvalu

Tuvalu is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Tuvalu may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year, Tuvalu exports about US$0 billion and imports about US$0.02 billion. 39.6% of the country's population is unemployed. The total number of unemployed in Tuvalu is 4,470. The country's Gini index is 34. Tuvalu experiences good equality. The majority of citizens in Tuvalu fall within a narrow income bracket, although some cases can show significant disparities.

Currency
The currency of Tuvalu is the Tuvalu dollar. The plural form of the word Tuvalu dollar is dollars. The symbol used for this currency is $ and is abbreviated as TVD. The Tuvalu dollar is divided into cents; there are 100 in a dollar.

Credit rating
Creditworthiness is the degree to which international investors trust a country to pay off debt and honor the country's lending commitments. There is no information on the creditworthiness of Tuvalu.

National debt
Tuvalu has a public debt of 41% of the country's gross domestic product (GDP) as estimated in 2014.

Control information
Corporate tax in Tuvalu is 30%. Personal income tax ranges from 0% to 30% depending on your specific situation and income level.

Finances
The total Gross Domestic Product (GDP) valued at Purchasing Power Parity (PPP) in Tuvalu is US$35 billion. Gross Domestic Product (GDP) measured as Purchasing Power Parity (PPP) per capita in Tuvalu was last recorded at $3 million. PPP in Tuvalu is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Tuvalu is 0 billion. Based on this statistic, Tuvalu is considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. Gross domestic product (GDP) per capita in Tuvalu was last seen at $0 million. The average citizen in Tuvalu has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as it is difficult for citizens to obtain the education required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita.