The islands were first populated by voyagers from either Samoa or Tonga in the first millennium A.D., and Tuvalu provided a steppingstone for various Polynesian communities that subsequently settled in Melanesia and Micronesia. Tuvalu eventually came under Samoan and Tongan spheres of influence although proximity to Micronesia allowed some Micronesian communities to flourish in Tuvalu, in particular on Nui Atoll. In the late 1700s and early 1800s, Tuvalu was visited by a series of American, British, Dutch, and Russian ships. The islands were named the Ellice Islands in 1819. The first Christian missionaries arrived in 1861, eventually converting most of the population, and around the same time, several hundred Tuvaluans were kidnapped by people purporting to be missionaries and sent to work on plantations in Peru and Hawaii.
The UK declared a protectorate over the Ellice Islands in 1892 and merged it with the Micronesian Gilbert Islands. The Gilbert and Ellice Islands Protectorate became a colony in 1916. During World War II, the US set up military bases on a few islands, and in 1943, after Japan captured many of the northern Gilbert Islands, the UK transferred administration of the colony southward to Funafuti. After the war, Tarawa in the Gilbert Islands was once again made the colony’s capital and the center of power was firmly in the Gilbert Islands, including the colony’s only secondary school. Amid growing tensions with the Gilbertese, Tuvaluans voted to secede from the colony in 1974, were granted self-rule in 1975, and gained independence in 1978 as Tuvalu. In 1979, the US relinquished its claims to Tuvaluan islands in a treaty of friendship.

The Tuvalu Trust Fund was established in 1987 to provide a longterm economic future for the country. In 2000, Tuvalu negotiated a contract leasing its Internet domain name '.tv' for $50 million in royalties over a 12-year period. The contract was renewed in 2011 for a ten-year period. Tuvalu’s isolation means it sees few tourists; in 2020, Funafuti International Airport had four weekly flights - three to Suva, Fiji, and one to Tarawa. Tuvalu is highly vulnerable to the effects of climate change; in 2018, sea levels in Funafuti were rising twice as fast as global averages.

$50 million - note: data are in 2017 dollars (2020 est.)
50 million - note: data are in 2017 dollars (2019 est.)
50 million - note: data are in 2017 dollars (2018 est.)

$4,400 - note: data are in 2017 dollars (2020 est.)
$4,300 - note: data are in 2017 dollars (2019 est.)
$3,900 - note: data are in 2017 dollars (2018 est.)

Tuvaluan dollars or Australian dollars (AUD) per US dollar
1.311 (2017 est.)

1.3442 (2016 est.)