Source
Central bank

No central bank or national currency.
Interest rates are set by the Reserve Bank of Australia.

International Reserves

N/A

Gross Domestic Product - GDP

USD 0.2 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 0.2 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
-1.6% 2.2% -1.9% 0.3% -1.6% 0.5% 5.2%
2013 2014 2015* 2016* 2017*    
5.8% 2.4% 3.5% 3.1% 2.5%    

*Estimate

GDP per capita - current prices

USD 1,483.4 (2017, estimate)

GDP per capita - PPP

Intl$ 1,868.6 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017
N/A N/A N/A N/A N/A

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 26.3% 
  • industry: 9.2% 
  • services: 64.5%

(2012 estimate)

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

N/A

 

Inflation
2013 2014 2015 2016* 2017*
-1.5% 2.1% 0.6% 1.5% 2.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014* 2015* 2016* 2017*
8.2% 8.4% 23.1% 27% 29.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014* 2015* 2016* 2017*
10.4% 23.5% 49% -12.9% -13%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's : N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.004 billion (2017 estimate)

Current account balance by percentage of GDP

-2.5% (2017 estimate)

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

12.5% (2015)

Shares in world total merchandising export

0.0% (2015)

Shares in world total commercial services export

0.0% (2014)

Total exports

USD 84.8 million (2013 estimate)

Export commodities

Fish, coconut products

Total imports

USD 0.2 billion (2013 estimate)

 
 
Source
Import commodities

Food, machinery and equipment, miscellaneous manufactured goods, fuel

Exports - major partners

N/A

Imports - major partners

N/A

FDI inflows
2013 2014 2015
USD 1.1 million USD 8.1 million USD 1.7 million
FDI outflows
2013 2014 2015
USD 0.1 million USD 7.6 million USD 2.1 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

N/A

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: 152 out of 190 countries (2017)

Subcategories:

Starting a business: 140 out of 190 countries

Enforcing Contracts: 118 out of 190 countries

Registering Property: 144 out of 190 countries

Getting Credit: 167 out of 190 countries

Protecting Minority Investors: 123 out of 190 countries

Trading Across Borders: 124 out of 190 countries

Paying Taxes: 73 out of 190 countries

Dealing with Construction Permits: 119 out of 190 countries

Getting Electricity: 164 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 165 / Score: 46.22 (Repressed) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+12

Total area

811 sq km

Capital

Tarawa

Currency

Australian dollars (AUD)

Government type

republic

Languages

I-Kiribati, English (official)

Religions

Roman Catholic 55.8%, Kempsville Presbyterian Church 33.5%, Mormon 4.7%, Baha'i 2.3%, Seventh-Day Adventist 2%, other 1.5%, none 0.2%, unspecified 0.05% (2010 est.)

Total population
1990 2000 2010 2014* 2019**
0.072 million 0.084 million 0.103 million 0.112 million 0.123 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
16.3% 32% 43% 44%
Population median age

23.6 years (2014 est.)

Population growth rate

1.18% (2014 est.)

Life expectancy

65.47 years (2014 estimate)

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

 

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 8.8%   Mobile 16.6% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

11.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

0.6 (2010)