| Currency | Australian dollar (A$ or AUD) |
|---|---|
| calendar year | |
Trade organizations | PARTA |
Country group |
|
| Statistics | |
| Population | 103,280 (2010 Census) |
| GDP | |
| GDP rank | 192nd (nominal) / 190th (PPP) |
GDP growth |
|
GDP per capita | |
GDP by sector | agriculture 24.3%, industry 7.9%, services 67.8%. (2010) |
| 1.870% (2018 est.)[3] | |
Labour force | 7,870 (not including subsistence farmers) (2001 est.) |
Labour force by occupation | agriculture: 2.7%, industry: 32%, services: 65.3% (2000) |
| Unemployment | 2% (1992) |
Main industries | fishing, handicrafts |
| External | |
| Exports | US$10.754 million (2021 est.)[4] |
Export goods | skipjack tuna, fish fillets, ships, coconut oil, copra[4] |
Main export partners |
|
| Imports | US$201.984 million (2021 est.)[4] |
Import goods | fishing vessels, beef, netting, poultry, rice, refined petroleum, sugar, refrigerators[4] |
Main import partners | |
| Public finances | |
| Revenues | US$281 million (2017 est.) |
| Expenses | US$205 million (2017 est.) |
| Economic aid | A$36 million (2010/2011), largely from Australia, New Zealand & Taiwan |
All values, unless otherwise stated, are in US dollars. | |
The Republic of Kiribati's per capita Gross National Product of US$1,420 (2010)[5] makes it the poorest country in Oceania. Phosphates had been profitably exported from Banaba Island since the turn of the 20th century, but the deposits were exhausted in 1979. The economy now depends on foreign assistance and revenue from fishing licenses to finance its imports and development budget.
The Asian Development Bank’s assessment of Kiribati’s growth potential point identifies constraints imposed by “(i) land area, (ii) geographic dispersion across 5,000 km of ocean, (ii) remoteness from major markets with associated high external transport costs, (iii) high vulnerability to natural forces including climate change and sea level rise, and (iv) scarce natural resources.”[6]
- ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
- ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
- ^ a b c d e f "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 20 October 2019.
- ^ a b c d e f "Kiribati". CIA World Factbook. 6 December 2023. Retrieved 3 January 2024.
- ^ "International Monetary Fund Country Report No. 11/113 24 May 2011". Retrieved 10 Sep 2011.
- ^ "Kiribati: Country Partnership Strategy (2010-2014)". Asian Development Bank. May 2010. Archived from the original on 2013-02-23. Retrieved 10 September 2011.