| I-KIRIBATI ECONOMY STATS: |
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Agriculture > products
copra, taro, breadfruit, sweet potatoes, vegetables; fish |
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Budget > Revenues
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$55,520,000.00 |
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[163rd of 166]
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Definition: Economy > Budget > Revenues |
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Source: CIA World Factbook, 28 July 2005 |
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Current account balance
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-$21,000,000.00 |
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[66th of 181]
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Definition: Economy > Current account balance |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Debt > External
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$10,000,000.00 |
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[10th of 136]
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Definition: Economy > Debt > External |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
A remote country of 33 scattered coral atolls, Kiribati has few natural resources. 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 UK, Japan, Australia, New Zealand, and China equals more than 10% 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. |
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Definition: Economy > Economy > Overview |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
Australian dollars per US dollar - 1.3598 (2004), 1.5419 (2003), 1.8406 (2002), 1.9334 (2001), 1.7248 (2000) |
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Definition: Economy > Exchange rates |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$17,000,000.00 |
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[51st of 189]
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Definition: Economy > Exports |
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Source: CIA World Factbook, 28 July 2005 |
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Exports to US
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$700,000.00 |
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[179th of 224]
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Definition: Economy > Exports to US |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$70,707,830.00 |
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[171st of 203]
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Definition: Economy > GDP |
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Source: US Census Bureau |
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GDP (purchasing power parity)
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$348,000,000.00 |
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[186th of 187]
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Definition: Economy > GDP (purchasing power parity) |
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Source: World Development Indicators database and CIA World Factbook |
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GDP > Composition by sector > Industry
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24.2% |
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[16th of 146]
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Definition: Economy > GDP > Composition by sector > Industry |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP > Real growth rate
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2% |
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[168th of 198]
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Definition: Economy > GDP > Real growth rate |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP growth > annual %
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0.3 annual %
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[165th of 187]
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Definition: Economy > GDP growth > annual % |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP per capita, PPP > current international $
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4,596.84 PPP $
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[92nd of 169]
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Definition: Economy > GDP per capita, PPP > current international $ |
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Source: World Development Indicators database |
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Gross National Income
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$77,055,000.00 |
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[169th of 172]
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Definition: Economy > Gross National Income |
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Source: World Development Indicators database |
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Imports of goods, services and income > BoP, current US$
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46,723,420 BoP $
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[155th of 156]
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Definition: Economy > Imports of goods, services and income > BoP, current US$ |
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Inflation rate (consumer prices)
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0.2% |
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[179th of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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Source: World Development Indicators database |
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Services, etc., value added > constant 2000 US$
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31,444,990 constant 2000 US$
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[154th of 164]
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Definition: Economy > Services, etc., value added > constant 2000 US$ |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals by region of origin > Europe
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133 |
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[179th of 195]
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Definition: Economy > Tourist arrivals by region of origin > Europe |
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Source: World Development Indicators database |
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Trade balance with US
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-$600,000.00 |
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[115th of 224]
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Definition: Economy > Trade balance with US |
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Source: Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization |
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