Kiribati: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Data unavailable |
| Economic Trivia | Tourism provides more than one-fifth of GDP. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2016): Fiji, Australia, and China |
| Top Industries Source: CIA World Factbook | Fishing; Handicrafts |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $284,585,743 (2020) |
| GDP Growth Rate (annual %) | -1.948% (2020) |
| GDP Per Capita, PPP (current international) | $2,383 (2020) |
GDP Country Rank 194/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | -1.881% (2019) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 32.7% (2019) |
| Real Interest Rate (5 year average %) | 4.398% (2012) |
| Manufacturing, value added (% of GDP) | 3.57% (2019) |
| Current Account Balance (BoP, current US$) | $73,133,257 (2020) |
Labor and Employment [1]
| Labor Force, Total | 25,254,095 (2011) |
| Employment in Agriculture (% of total employment) | 22.08% (2010) |
| Employment in Industry (% of total employment) | 16.12% (2010) |
| Employment in Services (% of total employment) | 61.8% (2010) |
| Unemployment Rate | 3.4% (2011) |
Trade [1]
| Imports of goods and services (current US$) | $174,628,661 (2018) |
| Exports of goods and services (current US$) | $18,946,503 (2018) |
| Total Merchandise Trade (% of GDP) | 71.896% (2020) |
| FDI, net inflows (BoP, current US$) | ($558,281) (2019) |
| Commercial Service Exports (current US$) | $3,004,013 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Kiribati’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.