ÿþ<html> <head> <title> Kiribati Economy 2012, CIA World Factbook </title> <META NAME="Description" CONTENT="Kiribati Economy 2012, CIA World Factbook"> <META NAME="keywords" CONTENT="Kiribati, Economy, 2012, CIA, World, Factbook"> <script language="JavaScript"> function AddToFaves_hp(){ var is_4up = parseInt(navigator.appVersion); var is_mac = navigator.userAgent.toLowerCase().indexOf("mac")!=-1; var is_ie = navigator.userAgent.toLowerCase().indexOf("msie")!=-1; var thePage = location.href; if (thePage.lastIndexOf('#')!=-1) thePage = thePage.substring(0,thePage.lastIndexOf('#')); if (is_ie && is_4up && !is_mac) window.external.AddFavorite(thePage,document.title); else if (is_ie || document.images) booker_hp = window.open(thePage,'booker_','menubar,width=325,height=100,left=140,top=60'); //booker_hp.focus(); } //--> </script> <script type="text/javascript"> (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; 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/* WFB Leaderboard */ google_ad_slot = "7548094546"; google_ad_width = 728; google_ad_height = 90; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"><td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line1.gif"></td></tr> <tr><td colspan="2" align="middle" background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="972"> <font size="-2"> <br></font> <font face="arial" size="5"><b>Kiribati</b> Economy 2012</font> <br> <font size = "-2"> http://www.theodora.com/wfbcurrent/kiribati/kiribati_economy.html </font> <br> <font size="-2"><B>SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES</B></FONT></td></tr> <tr height="3" align="left" valign="top" bgcolor="white" nowrap units="pixels"> <td colspan="2" align="left" valign="top" height="3" width="972" nowrap bgcolor="white" nowrap> <img src="http://www.theodora.com/wfb2008/images/line13.gif"></td></tr></table> <table border="0" bgcolor="#FFCC99" cellspacing="0" cellpadding="0" width="972" align="left" valign="top" hspace="0" vspace="0" units="pixels"> <tr><td background="http://www.theodora.com/wfb2008/images/light_blue.gif" width="200" valign="top"> <font face="arial"> <br><br> <center> <script type="text/javascript"><!-- google_ad_client = "ca-pub-7437757543052749"; 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/* WFB Large Rectangle */ google_ad_slot = "8137512903"; google_ad_width = 336; google_ad_height = 280; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <br> Page last updated on February 23, <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#economy_overview">Economy - overview:</a></b><br> 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. <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#GDP">GDP</a> (purchasing power parity):</b><br> $612 million (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 209 <div class="category_data" style="padding-top: 3px;">$612 million (2010 est.) <div class="category_data" style="padding-top: 3px;">$612 million (2009 est.) <br><i> <em>note:</em></i> data are in 2011 US dollars <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_purchasing_power_parity_2012_0.html" target="_blank"><u>GDP country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_official_exchange_rate">GDP (official exchange rate):</a></b><br> $200 million (2011 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_official_exchange_rate_2012_0.html" target="_blank"><u>GDP (official exchange rate) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_real_growth_rate">GDP - real growth rate:</a></b><br> 3% (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 123 <div class="category_data" style="padding-top: 3px;">1.8% (2010 est.) <div class="category_data" style="padding-top: 3px;">-0.7% (2009 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_real_growth_rate_2012_0.html" target="_blank"><u>GDP - real growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_per_capita">GDP - per capita:</a></b><br> $6,200 (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 134 <div class="category_data" style="padding-top: 3px;">$6,100 (2010 est.) <div class="category_data" style="padding-top: 3px;">$6,100 (2009 est.) <br><i> <em>note:</em></i> data are in 2011 US dollars <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_per_capita_2012_0.html" target="_blank"><u>GDP - per capita country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_composition_by_sector">GDP - composition by sector:</a></b><br> <i>agriculture:</i> 8.9% <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_agriculture_2012_0.html" target="_blank"><u>GDP - composition by sector - agriculture country ranks</u></a> ] <br><i>industry:</i> 24.2% <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_industry_2012_0.html" target="_blank"><u>GDP - composition by sector - industry country ranks</u></a> ] <br><i>services:</i> 66.8% (2004) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_services_2012_0.html" target="_blank"><u>GDP - composition by sector - services country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force">Labor force:</a></b><br> 7,870 economically active, not including subsistence farmers (2001 est.) <br><span style="padding-left:7px;">country comparison to the world: 216 <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_2012_0.html" target="_blank"><u>Labor force country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force_by_occupation">Labor force - by occupation:</a></b><br> <i>agriculture:</i> 2.7% <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_agriculture_2012_0.html" target="_blank"><u>Labor force - by occupation - agriculture country ranks</u></a> ] <br><i>industry:</i> 32% <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_industry_2012_0.html" target="_blank"><u>Labor force - by occupation - industry country ranks</u></a> ] <br><i>services:</i> 65.3% (2000) <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_services_2012_0.html" target="_blank"><u>Labor force - by occupation - services country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#unemployment_rate">Unemployment rate:</a></b><br> 2% (1992 est.) <br><span style="padding-left:7px;">country comparison to the world: 13 <br>[see also: <a href="http://www.photius.com/rankings/economy/unemployment_rate_2012_0.html" target="_blank"><u>Unemployment rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#population_below_poverty_line">Population below poverty line:</a></b><br> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/population_below_poverty_line_2012_0.html" target="_blank"><u>Population below poverty line country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#household_income_or_consumption_by_percentage_share">Household income or consumption by percentage share:</a></b><br> <i>lowest 10%:</i> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/household_income_or_consumption_by_percentage_share_lowest_10pct_2012_0.html" target="_blank"><u>Household income or consumption by percentage share - lowest 10% country ranks</u></a> ] <br><i>highest 10%:</i> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/household_income_or_consumption_by_percentage_share_highest_10pct_2012_0.html" target="_blank"><u>Household income or consumption by percentage share - highest 10% country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget">Budget:</a></b><br> <i>revenues:</i> $55.52 million <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_revenues_2012_0.html" target="_blank"><u>Budget revenues country ranks</u></a> ] <br><i>expenditures:</i> $59.71 million (FY05) <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_expenditures_2012_0.html" target="_blank"><u>Budget expenditures country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#taxes_and_other_revenues">Taxes and other revenues:</a></b><br> 27.8% of GDP (FY05) <br><span style="padding-left:7px;">country comparison to the world: 103 <br>[see also: <a href="http://www.photius.com/rankings/economy/taxes_and_other_revenues_2012_0.html" target="_blank"><u>Taxes and other revenues country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget_surplus_or_deficit">Budget surplus (+) or deficit (-):</a></b><br> -2.1% of GDP (FY05) <br><span style="padding-left:7px;">country comparison to the world: 83 <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_surplus_or_deficit_2012_0.html" target="_blank"><u>Budget surplus (+) or deficit (-) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#inflation_rate_consumer_prices">Inflation rate (consumer prices):</a></b><br> 0.2% (2007 est.) <br><span style="padding-left:7px;">country comparison to the world: 3 <br>[see also: <a href="http://www.photius.com/rankings/economy/inflation_rate_2012_0.html" target="_blank"><u>Inflation rate (consumer prices) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#market_value_of_publicly">Market value of publicly traded shares:</a></b><br> $NA <br>[see also: <a href="http://www.photius.com/rankings/economy/market_value_of_publicly_traded_shares_2012_0.html" target="_blank"><u>Market value of publicly traded shares country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#agriculture_products">Agriculture - products:</a></b><br> copra, taro, breadfruit, sweet potatoes, vegetables; fish <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industries">Industries:</a></b><br> fishing, handicrafts <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industrial_production_growth_rate">Industrial production growth rate:</a></b><br> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/industrial_production_growth_rate_2012_0.html" target="_blank"><u>Industrial production growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_production">Electricity - production:</a></b><br> 22 million kWh (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 209 <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_production_2012_0.html" target="_blank"><u>Electricity - production country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_consumption">Electricity - consumption:</a></b><br> 20.46 million kWh (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 210 <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_consumption_2012_0.html" target="_blank"><u>Electricity - consumption country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_exports">Electricity - exports:</a></b><br> 0 kWh (2009 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_exports_2012_0.html" target="_blank"><u>Electricity - exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#electricity_imports">Electricity - imports:</a></b><br> 0 kWh (2009 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/electricity_imports_2012_0.html" target="_blank"><u>Electricity - imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_production">Oil - production:</a></b><br> 0 bbl/day (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 184 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_production_2012_0.html" target="_blank"><u>Oil - production country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_consumption">Oil - consumption:</a></b><br> 300 bbl/day (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 208 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_consumption_2012_0.html" target="_blank"><u>Oil - consumption country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_exports">Oil - exports:</a></b><br> 0 bbl/day (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 182 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_exports_2012_0.html" target="_blank"><u>Oil - exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#oil_imports">Oil - imports:</a></b><br> 284.1 bbl/day (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 204 <br>[see also: <a href="http://www.photius.com/rankings/economy/oil_imports_2012_0.html" target="_blank"><u>Oil - imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_production">Natural gas - production:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 201 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_production_2012_0.html" target="_blank"><u>Natural gas - production country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_consumption">Natural gas - consumption:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 194 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_consumption_2012_0.html" target="_blank"><u>Natural gas - consumption country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_exports">Natural gas - exports:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 126 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_exports_2012_0.html" target="_blank"><u>Natural gas - exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_imports">Natural gas - imports:</a></b><br> 0 cu m (2009 est.) <br><span style="padding-left:7px;">country comparison to the world: 84 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_imports_2012_0.html" target="_blank"><u>Natural gas - imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#natural_gas_proved_reserves">Natural gas - proved reserves:</a></b><br> 0 cu m (1 January 2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 153 <br>[see also: <a href="http://www.photius.com/rankings/economy/natural_gas_proved_reserves_2012_0.html" target="_blank"><u>Natural gas - proved reserves country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#current_account_balance">Current account balance:</a></b><br> -$21 million (2007 est.) <br><span style="padding-left:7px;">country comparison to the world: 63 <br>[see also: <a href="http://www.photius.com/rankings/economy/current_account_balance_2012_0.html" target="_blank"><u>Current account balance country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports">Exports:</a></b><br> $17 million (2004 est.) <br><span style="padding-left:7px;">country comparison to the world: 208 <br>[see also: <a href="http://www.photius.com/rankings/economy/exports_2012_0.html" target="_blank"><u>Exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports_commodities">Exports - commodities:</a></b><br> copra 62%, coconuts, seaweed, fish <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports">Imports:</a></b><br> $62 million (2004 est.) <br><span style="padding-left:7px;">country comparison to the world: 215 <br>[see also: <a href="http://www.photius.com/rankings/economy/imports_2012_0.html" target="_blank"><u>Imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports_commodities">Imports - commodities:</a></b><br> foodstuffs, machinery and equipment, miscellaneous manufactured goods, fuel <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#debt_external">Debt - external:</a></b><br> $10 million (1999 est.) <br><span style="padding-left:7px;">country comparison to the world: 195 <br>[see also: <a href="http://www.photius.com/rankings/economy/debt_external_2012_0.html" target="_blank"><u>Debt - external country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exchange_rates">Exchange rates:</a></b><br> Australian dollars (AUD) per US dollar - <div class="category_data" style="padding-top: 3px;">0.9694 (2011) <div class="category_data" style="padding-top: 3px;">1.11 (2010 est.) <div class="category_data" style="padding-top: 3px;">1.2822 (2009) <div class="category_data" style="padding-top: 3px;">1.2059 (2008) <div class="category_data" style="padding-top: 3px;">1.2137 (2007) </font> <p> <p> <BR> <P> <font size = "-2"><B> NOTE: 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. </B></font> </P> <br> <hr> <a href="#" onClick="AddToFaves_hp()"><img src="http://www.theodora.com/images/bookmark_banner.gif" align="left" width="176" height="52" border="0"></a><font color=brown> - Please bookmark this page (add it to your favorites). <br> - If you wish to <b>link</b> to this page, you can do so by referring to the URL address below this line.</font> <hr> http://www.theodora.com/wfbcurrent/kiribati/kiribati_economy.html <br><br> This page was last modified 06-Mar-12 <br> Copyright &copy 1995-2012 <a href="http://www.theodora.com/ita.html">ITA</a> all rights reserved. <br> </td> <td width=200 valign="top" align="left" background="http://www.theodora.com/wfb2008/images/light_blue.gif"> <!-- SiteSearch Google --> <br> <form action="http://www.google.com/cse" id="cse-search-box"> <div> <input type="hidden" name="cx" value="partner-pub-7437757543052749:i8v5yg-obf2" /> <input type="hidden" name="ie" value="ISO-8859-1" /> <input type="text" name="q" size="26" /> <input type="submit" name="sa" value="Search" /> </div> </form> <script type="text/javascript" src="http://www.google.com/cse/brand?form=cse-search-box&lang=en"></script> <!-- End SiteSearch Google --> <font size="2" face="arial"> <b> <ul> <li><a href="http://www.theodora.com/wfb">|Main INDEX|</a> <li><a href="../index.html">2012 INDEX</a> <li><a href="http://www.photius.com/rankings/index.html">Country Ranks</a> <li><a href="http://www.theodora.com/wfb/wfb2000/definitions.html">DEFINITIONS</a> <br><br> <a href="index.html">Kiribati Index 2012</a> <br><br> <a href="http://www.theodora.com/wfbcurrent/kiribati/index.html">Kiribati Main Index</a> <li><a href="kiribati_introduction.html">Introduction</a> <li><a href="http://workmall.com/wfb2001/kiribati/kiribati_history.html">History</a> <li><a href="kiribati_geography.html">Geography</a> <li>&nbsp;&nbsp;<a href="http://www.theodora.com/maps">Maps</a><br> <li><a href="kiribati_people.html">People</a><br> </b> &nbsp;&nbsp;<a href="http://www.photius.com/religion">Religion</a> <b><li><a href="kiribati_government.html">Government</a><br></B> &nbsp;&nbsp;<a href="kiribati_chiefs.html"> Gov. 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