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Kiribati GDP and Economic Data

Includes Kiribati real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Kiribati economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Kiribati best banks and safest banks are also available.

List of countries in the regions listed in the regional table

Central and Eastern Europe Composed of 14 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Montenegro, Poland, Romania, Serbia and Turkey.   Commonwealth of Independent States Composed of 11 CIS countries: Armenia, ...

 
 
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Central bank

None. The Australian dolar is the official currency.

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International Reserves

N/A

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Gross Domestic Product - GDP

USD 0.2 billion (2018, estimate)

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GDP (Purchasing Power Parity)

Intl$ 0.2 billion (2018, estimate)

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Real GDP growth
2007 2008 2009 2010 2011 2012 2013
2% -2.1% 0.8% -0.9% 1.6% 4.7% 4.2%
2014 2015 2016* 2017* 2018*    
-0.7% 10.4% 5.1% 0.3% 2.3%    

*Estimate

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GDP per capita - current prices

USD 1,640.6 (2018, estimate)

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GDP per capita - PPP

Intl$ 2,085.6 (2018, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2018
N/A N/A N/A N/A N/A

*Estimate

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GDP - composition by sector
  • agriculture: 30.8% 
  • industry: 12.4% 
  • services: 63.4%

(2017 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

 

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Inflation
2015 2016 2017* 2018* 2019*
0.6% 1.9% 0.4% 1.9% 1.7%

*Estimate

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Unemployment rate
2015 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

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Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2015 2016 2017* 2018* 2019*
19.9% 21.9% 21.6% 20.6% 22.6%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017* 2018* 2019*
47.4% 23.2% 11.7% -2.5% -16.6%

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody's : N/A

Standard & Poor's / Moody's

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Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD 0.1 billion (2018 estimate)

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Current account balance by percentage of GDP

36.2 % (2018 estimate)

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Exports as percent of GDP (Exports of goods and services)

13.2% (2017)

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Shares in world total merchandising export

0.0001% (2018)

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Shares in world total commercial services export

0.0002% (2017)

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Total exports

USD 29.4 million (2017)

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Export commodities

Fish, coconut products

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Total imports

USD 194.8 million (2017 estimate)

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Import commodities

Food, machinery and equipment, miscellaneous manufactured goods, fuel

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Exports - major partners

Philippines 50.8%, Malaysia 17.2%, US 11.4%, Bangladesh 5.8%, Fiji 5.4% (2017)

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Imports - major partners

Australia 29.3%, Fiji 17.3%, NZ 10.7%, China 5.8%, US 5.8%, Singapore 5.1%, Japan 4.6%, Thailand 4.1% (2017)

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FDI inflows
2013 2014 2015
USD 1.8 million USD 0.8 million USD 0.6 million
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FDI outflows
2016 2017 2018
USD 0.1 million USD 0.1 million USD 0.1 million
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Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A USD -30 milliom N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

164 out of 190 countries

​Subcategories:
Starting a Business: 149 out of 190 countries
Dealing with Construction Permits: 169 out of 190 countries
Getting Electricity: 172 out of 190 countries
Registering Property: 150 out of 190 countries
Getting Credit: 173 out of 190 countries
Protecting Minority Investors: 136 out of 190 countries
Paying Taxes: 98 out of 190 countries
Trading across Borders: 135 out of 190 countries
Enforcing Contracts: 121 out of 190 countries
Resolving Insolvency: 168 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 168 / Score: 47.3 (Repressed)

(100=totally free 0=totally repressed)

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Time zone

UTC+1

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Total area

811 sq km

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Capital

Tarawa

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Currency

Australian dollars (AUD)

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Government type

Presidential republic

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Languages

I-Kiribati, English (official)

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Religions

Roman Catholic 57.3%, Kiribati Uniting Church 31.3%, Mormon 5.3%, Baha'i 2.1%, Seventh Day Adventist 1.9%, other 2.1% (2015 est.)

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Total population
1990 2000 2010 2015 2020*
0.07 million 0.08 million 0.1 million 0.11 million 0.12 million

*Estimate 

Source
 
 
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Urban population as % of total population
1960 1980 2000 2018
16.3% 32.2% 43.1% 54.1%
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Population median age

25 years 

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Population growth rate

1.12% (2018 estimate)

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Life expectancy

66.9 years (2018 estimate)

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Literacy

N/A

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

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Total telephone subscribers as % of population

Fixed: 0% Mobile: 46.6% (2018) 
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

14.58 % (2017)

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Mercer Cost of living index

N/A

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CO2 emissions

0.57 metric tons per capita (2014)

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