Kiribati

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Government - Kiribati:
Economy - Kiribati:
Economy overview	A remote country of 33 scattered coral atolls, Kiribati has few natural resources. Commercially viable phosphate deposits were exhausted at the time of independence from the UK in 1979. Copra and fish now represent the bulk of production and exports. The economy has fluctuated widely in recent years. Economic development is constrained by a shortage of skilled workers, weak infrastructure, and remoteness from international markets. Tourism provides more than one-fifth of GDP. Private sector initiatives and a financial sector are in the early stages of development. Foreign financial aid from UK, Japan, Australia, New Zealand, and China equals more than 10% of GDP. Remittances from seamen on merchant ships abroad account for more than $5 million each year. Kiribati receives around $15 million annually for the government budget from an Australian trust fund.

Gdp purchasing power parity	$240 million (2006 est.)

Gdp official exchange rate	$76.4 million (2005 est.)

Gdp real growth rate	0.3% (2005)

Gdp per capita ppp	$2,800 (2004 est.)

Gdp composition by sector	agriculture: 8.9% industry: 24.2% services: 66.8% (2004)

Labor force	7,870 economically active, not including subsistence farmers (2001 est.)

Labor force by occupation	agriculture: 2.7% industry: 32% services: 65.3% (2000)

Unemployment rate	2% official rate; underemployment 70% (1992 est.)

Population below poverty line	NA%

Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices	0.5% (2005 est.)

Budget	revenues: $55.52 million expenditures: $59.71 million; including capital expenditures of $NA (FY05)

Agriculture products	copra, taro, breadfruit, sweet potatoes, vegetables; fish

Industries	fishing, handicrafts

Industrial production growth rate	0.7% (1991 est.)

Electricity production	13 million kWh (2004)

Electricity consumption	12.09 million kWh (2004)

Electricity exports	0 kWh (2004)

Electricity imports	0 kWh (2004)

Oil production	0 bbl/day (2004 est.)

Oil consumption	200 bbl/day (2004 est.)

Oil exports	NA bbl/day

Oil imports	NA bbl/day

Oil proved reserves	0 bbl

Natural gas production	0 cu m (2004 est.)

Natural gas consumption	0 cu m (2004 est.)

Current account balance	-$19.87 million (2004)

Exports	$17 million f.o.b. (2004 est.)

Exports commodities	copra 62%, coconuts, seaweed, fish

Exports partners	US 22.8%, Belgium 21.5%, Japan 14.3%, Samoa 7.8%, Australia 7.5%, Malaysia 6.7%, Taiwan 5.6%, Denmark 4.6% (2006)

Imports	$62 million c.i.f. (2004 est.)

Imports commodities	foodstuffs, machinery and equipment, miscellaneous manufactured goods, fuel

Imports partners	Australia 33%, Fiji 27.1%, Japan 18.1%, NZ 6.9% (2006)

Debt external	$10 million (1999 est.)

Economic aid recipient	$16.7 million largely from UK and Japan (2004)

Currency code	Australian dollar (AUD)

Exchange rates	Australian dollars per US dollar - 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002)

Communications - Kiribati:
Transportation - Kiribati:
Military - Kiribati:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: Australia and Oceania : Poorest : Republic : Small to 100 000 km2 : Population to 10 000 000 people

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An Intelligence Quotient or IQ is a score derived from one of several different standardized tests attempting to measure intelligence. Although the term "IQ" is still in common use, the scoring of modern IQ tests such as the Wechsler Adult Intelligence Scale is now based on a projection of the subject's measured rank on the Gaussian bell curve with a center value (average IQ) of 100, and a standard deviation of 15, although different tests may have different standard deviations. The average IQ scores for many populations have been rising at an average rate of three points per decade since the early 20th century with most of the increase in the lower half of the IQ range: a phenomenon called the Flynn effect. It is disputed whether these changes in scores reflect real changes in intellectual abilities, or merely methodological problems with past or present testing. (Wikipedie)

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Kiribati

Kiribati: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Kiribati

Economy overview

Gdp purchasing power parity

$240 million (2006 est.)

Gdp official exchange rate

$76.4 million (2005 est.)

Gdp real growth rate

0.3% (2005)

Gdp per capita ppp

$2,800 (2004 est.)

Gdp composition by sector

agriculture: 8.9% industry: 24.2% services: 66.8% (2004)

Labor force

7,870 economically active, not including subsistence farmers (2001 est.)

Labor force by occupation

agriculture: 2.7% industry: 32% services: 65.3% (2000)

Unemployment rate

2% official rate; underemployment 70% (1992 est.)

Population below poverty line

NA%

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: NA%

Inflation rate consumer prices

0.5% (2005 est.)

Budget

revenues: $55.52 million expenditures: $59.71 million; including capital expenditures of $NA (FY05)

Agriculture products

copra, taro, breadfruit, sweet potatoes, vegetables; fish

Industries

fishing, handicrafts

Industrial production growth rate

0.7% (1991 est.)

Electricity production

13 million kWh (2004)

Electricity consumption

12.09 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

200 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)

Current account balance

-$19.87 million (2004)

Exports

$17 million f.o.b. (2004 est.)

Exports commodities

copra 62%, coconuts, seaweed, fish

Exports partners

US 22.8%, Belgium 21.5%, Japan 14.3%, Samoa 7.8%, Australia 7.5%, Malaysia 6.7%, Taiwan 5.6%, Denmark 4.6% (2006)

Imports

$62 million c.i.f. (2004 est.)

Imports commodities

foodstuffs, machinery and equipment, miscellaneous manufactured goods, fuel

Imports partners

Australia 33%, Fiji 27.1%, Japan 18.1%, NZ 6.9% (2006)

Debt external

$10 million (1999 est.)

Economic aid recipient

$16.7 million largely from UK and Japan (2004)

Currency code

Australian dollar (AUD)

Exchange rates

Australian dollars per US dollar - 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002)

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agriculture: 8.9%
industry: 24.2%
services: 66.8% (2004)

agriculture: 2.7%
industry: 32%
services: 65.3% (2000)

lowest 10%: NA%
highest 10%: NA%

revenues: $55.52 million
expenditures: $59.71 million; including capital expenditures of $NA (FY05)