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 (2020): Fiji, Australia, and China
Top 3 Exported Goods (2020): Seafood, Fats & Oils, and Industrial Machinery

Top Industries Source: CIA World Factbook

Fishing; Handicrafts

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $310,327,796 (2022)
GDP Growth Rate (annual %) 1.563% (2022)
GDP Per Capita, PPP (current international) $2,365 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 193/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -1.813% (2019)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 32.7% (2019)
Real Interest Rate (5 year average %) 4.398% (2012)
Manufacturing, value added (% of GDP) 4.435% (2020)
Current Account Balance (BoP, current US$) $20,250,959 (2021)
Click on a row to display its 5-year graph on the right.

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)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $198,313,694 (2021)
Exports of goods and services (current US$) $26,291,588 (2021)
Total Merchandise Trade (% of GDP) 52.383% (2022)
FDI, net inflows (BoP, current US$) $1,032,396 (2022)
Commercial Service Exports (current US$) $1,207,422 (2021)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank