Tuvalu

Abstract

Tuvalu is a nation of low-lying coral atolls and is presently listed by the LIN as one of the least-developed of nations, with GDP per capita estimated at $US 800 in 1995 (CIA. 2000). Tuvalu is essentially bereft of natural resources, with the exception of those provided by the sea. A major component of Tuvalu economy is income generated by licensing international fisliing vessels to operate within the nation's EEZ.