Economy - overview:
A remote country of 33 scattered coral atolls, Kiribati has few natural resources and is one of the least developed Pacific Islands. Commercially viable phosphate deposits were exhausted at the time of independence from the UK in 1979. Copra and fish now represent the bulk of production and exports. The economy has fluctuated widely in recent years. Economic development is constrained by a shortage of skilled workers, weak infrastructure, and remoteness from international markets. Tourism provides more than one-fifth of GDP. Private sector initiatives and a financial sector are in the early stages of development. Foreign financial aid from the EU, UK, US, Japan, Australia, New Zealand, Canada, UN agencies, and Taiwan accounts for 20-25% of GDP. Remittances from seamen on merchant ships abroad account for more than $5 million each year. Kiribati receives around $15 million annually for the government budget from an Australian trust fund.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: 1) The information regarding Kiribati on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Kiribati Economy 2012 information contained here. All suggestions for corrections of any errors about Kiribati Economy 2012 should be addressed to the CIA.
$612 million (2011 est.)
country comparison to the world: 209
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$200 million (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
3% (2011 est.)
country comparison to the world: 123
[see also: GDP - real growth rate country ranks ]
$6,200 (2011 est.)
country comparison to the world: 134
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 8.9%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 24.2%
[see also: GDP - composition by sector - industry country ranks ]
services: 66.8% (2004)
[see also: GDP - composition by sector - services country ranks ]
7,870 economically active, not including subsistence farmers (2001 est.)
country comparison to the world: 216
[see also: Labor force country ranks ]
agriculture: 2.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 32%
[see also: Labor force - by occupation - industry country ranks ]
services: 65.3% (2000)
[see also: Labor force - by occupation - services country ranks ]
2% (1992 est.)
country comparison to the world: 13
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $55.52 million
[see also: Budget revenues country ranks ]
expenditures: $59.71 million (FY05)
[see also: Budget expenditures country ranks ]
27.8% of GDP (FY05)
country comparison to the world: 103
[see also: Taxes and other revenues country ranks ]
-2.1% of GDP (FY05)
country comparison to the world: 83
[see also: Budget surplus (+) or deficit (-) country ranks ]
0.2% (2007 est.)
country comparison to the world: 3
[see also: Inflation rate (consumer prices) country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
copra, taro, breadfruit, sweet potatoes, vegetables; fish
fishing, handicrafts
NA%
[see also: Industrial production growth rate country ranks ]
22 million kWh (2008 est.)
country comparison to the world: 209
[see also: Electricity - production country ranks ]
20.46 million kWh (2008 est.)
country comparison to the world: 210
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 184
[see also: Oil - production country ranks ]
300 bbl/day (2010 est.)
country comparison to the world: 208
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 182
[see also: Oil - exports country ranks ]
284.1 bbl/day (2009 est.)
country comparison to the world: 204
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 201
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 194
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 126
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 84
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 153
[see also: Natural gas - proved reserves country ranks ]
-$21 million (2007 est.)
country comparison to the world: 63
[see also: Current account balance country ranks ]
$17 million (2004 est.)
country comparison to the world: 208
[see also: Exports country ranks ]
copra 62%, coconuts, seaweed, fish
$62 million (2004 est.)
country comparison to the world: 215
[see also: Imports country ranks ]
foodstuffs, machinery and equipment, miscellaneous manufactured goods, fuel
$10 million (1999 est.)
country comparison to the world: 195
[see also: Debt - external country ranks ]
Australian dollars (AUD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12