Countries
Kiribati
Key Economic Indicators
$498.03 million
$3,702
5.27%
2.46%
$307.863 million (2024 est.)
22.9% of GDP (2016 est.)
$-59,540,598
Economic Overview
lower-middle income, Pacific island economy; environmentally fragile; sizable remittances; key phosphate mining fund; tourism and fishing industries; public sector-dominated economy; recent withdrawal from Pacific Islands Forum; ongoing constitutional crisis
All Economic Data
Agricultural products
coconuts, bananas, vegetables, taro, tropical fruits, pork, chicken, nuts, eggs, pork offal (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$264.736 million (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$260.557 million (2023 est.)
Currency
code:
AUD, KID
name:
Australian dollar (AUD) [$], Kiribati dollar (KID) [$]
Current account balance
$-59,540,598
Current account balance 2021:
$20.251 million (2021 est.)
Current account balance 2022:
-$32.523 million (2022 est.)
Current account balance 2023:
-$5.117 million (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
Australian dollars (AUD) per US dollar -
Exchange rates 2020:
1.453 (2020 est.)
Exchange rates 2021:
1.331 (2021 est.)
Exchange rates 2022:
1.442 (2022 est.)
Exchange rates 2023:
1.505 (2023 est.)
Exchange rates 2024:
1.515 (2024 est.)
Note:
<strong>note:</strong> the Australian dollar circulates as legal tender
Exports
$17.09 million
Exports 2021:
$10.754 million (2021 est.)
Exports 2022:
$20.58 million (2022 est.)
Exports 2023:
$17.099 million (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
fish, coconut oil (2023)
note:
<strong>note:</strong> top export commodities based on value in dollars over $500,000
Exports - partners
Thailand 85%, Japan 6%, Philippines 3%, UAE 2%, Fiji 1% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$8.07 million
GDP - composition, by end use
Exports of goods and services:
7.6% (2022 est.)
Government consumption:
61.7% (2022 est.)
Household consumption:
101.2% (2022 est.)
Imports of goods and services:
-100.5% (2022 est.)
Investment in fixed capital:
19.1% (2022 est.)
Investment in inventories:
1.3% (2022 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
27.8% (2022 est.)
Industry:
9.9% (2022 est.)
Services:
65.7% (2022 est.)
GDP (official exchange rate)
$307.863 million (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$2,289
Gini Index coefficient - distribution of family income
37 (2006)
Gini Index coefficient - distribution of family income 2019:
27.8 (2019 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$503.86 million
GNI per capita
$3,660
Gross domestic investment
26 % of GDP
Household income or consumption by percentage share
Highest 10%:
22.8% (2019 est.)
Lowest 10%:
4% (2019 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$293.47 million
Imports 2021:
$201.984 million (2021 est.)
Imports 2022:
$272.004 million (2022 est.)
Imports 2023:
$293.624 million (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
ships, centrifuges, refined petroleum, rice, raw sugar (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 24%, Australia 20%, Fiji 15%, Japan 7%, NZ 6% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-6.2% (2022 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
fishing, handicrafts
Inflation rate (consumer prices)
2.46%
Inflation rate (consumer prices) 2021:
2.1% (2021 est.)
Inflation rate (consumer prices) 2022:
5.3% (2022 est.)
Inflation rate (consumer prices) 2023:
9.3% (2023 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Population below poverty line
21.9% (2019 est.)
note:
<strong>note:</strong> % of population with income below national poverty line
Public debt
Public debt 2016:
22.9% of GDP (2016 est.)
Real GDP (purchasing power parity)
$498.03 million
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$405.468 million (2022 est.)
Real GDP (purchasing power parity) 2023:
$416.221 million (2023 est.)
Real GDP (purchasing power parity) 2024:
$438.143 million (2024 est.)
Real GDP growth rate
5.27%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
4.6% (2022 est.)
Real GDP growth rate 2023:
2.7% (2023 est.)
Real GDP growth rate 2024:
5.3% (2024 est.)
Real GDP per capita
$3,702
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$3,100 (2022 est.)
Real GDP per capita 2023:
$3,100 (2023 est.)
Real GDP per capita 2024:
$3,300 (2024 est.)
Remittances
$14.66 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
4.7% of GDP (2021 est.)
Remittances 2022:
10.4% of GDP (2022 est.)
Remittances 2023:
4% of GDP (2023 est.)
Revenue (excl grants)
81 % of GDP
Tax revenue
18 % of GDP
Taxes and other revenues
17.7% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
World Bank Indicators
Currency
South Korean won (KRW) (2025)
Gini Index
31.40 (2016)
Languages
Korean (2025)
Economic Rankings
GDP Growth Rate
#82
Inflation Rate
#83
Gini Index
#89
GDP per Capita
#166
Imports
#187
GDP (Nominal)
#191
GDP (PPP)
#191
Exports
#191
Quick Facts
Industries
fishing, handicrafts
Agricultural products
coconuts, bananas, vegetables, taro, tropical fruits, pork, chicken, nuts, eggs, pork offal (2023)
Exports - partners
Thailand 85%, Japan 6%, Philippines 3%, UAE 2%, Fiji 1% (2023)
Imports - partners
China 24%, Australia 20%, Fiji 15%, Japan 7%, NZ 6% (2023)
Exchange rates
Australian dollars (AUD) per US dollar -
Explore More
Our Partners
Trusted partner applications powering global data and insights