Economy of Kiribati
Population: 0.12 M (2018)
GDP per Capita: 1,625 USD (2018)
190 M.

GDP USD

(2018)

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20 M.

EXPORTS USD

(2017)

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170 M.

IMPORTS USD

(2017)

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21.62 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.00 % (2018)
GDP of 2010 USD USD 0.20 B. (2018)
GDP Current USD USD 0.19 B. (2018)
GDP per Capita Current USD USD 1,625 (2018)
GDP per capita, PPP USD 2,035 (2018)
GDP per Capita, 2010 USD USD 1,762 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 21.62 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 111.57 (2018)
Trade Openness 105.23 % (2017)
Exports of Goods and Services % GDP 13.22 % (2017)
Exports Goods & Services USD 0.02 B. (2017)
Exports Annual Growth Kiribati
Imports as % GDP 92.01 % (2017)
Total Imports USD 0.17 B. (2017)
Foreign Direct Investment % GDP 0.31 % (2018)
Foreign Direct Investment
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 9.68 % (2018)
Remittances USD 6 M. (2017)
Balance of Payments USD 3 M. (2016)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate USD 3 M. (2016)
Labor Force (Percent Female) USD 3 M. (2016)
Female Labor Force Participation Rate USD 3 M. (2016)
Male Labor Force Participation Rate USD 3 M. (2016)
Dependent People 65.27 % (2018)

Agriculture Sector

Indicator Value
Forest Area 15.00 % (2016)
Forest Area km² 122 km² (2016)
Agricultural Land 41.98 % (2016)
Agricultural Land km² 340 km² (2016)
Employment
Value added % GDP 30.79 % (2017)
Agriculture Value added USD 0.06 B. (2017)
Crop Production Index 54.20 (2016)
Precipitation 630 mm (2012)
Arable Land 3 % (2016)
Cereal Yield 3 % (2016)
Food production index 60 (2016)
Rural Population 46 % (2018)
Fertilizer use of Arable Land 60 (2016)
Livestock Production Index 119 (2016)
Economy of Kiribati

According to the World Bank and its latest published data, the economy of the Kiribati presents a growth rate of 2.00 % (2018) to the previous year.

With a population that reaches 0.12 M (2018) and a gross domestic product of USD 0.19 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,625 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Kiribati also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at 65.27 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 21.62 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Kiribati exported USD 0.02 B. (2017), which represents 13.22 % (2017) of its gross domestic product, in that same sense its imports reached USD 0.17 B. (2017) with a direct foreign investment of .

Kiribati has a forest area of 122 km² (2016), which represents 15.00 % (2016) of its total area, an average rainfall of 630 mm (2012) per year and a population of 46 % (2018) living in rural areas. With a total area of 340 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Kiribati about USD 0.06 B. (2017) (30.79 % (2017) of its GDP).