World Factbook

Kiribati

Republic of Kiribati

Last updated: 2026-03-28 (today)

Budget

note

note: 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.)

expenditures

$264.736 million (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$10.754 million (2021 est.)

Exports 2022

$20.58 million (2022 est.)

Exports 2023

$17.099 million (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$201.984 million (2021 est.)

Imports 2022

$272.004 million (2022 est.)

Imports 2023

$293.624 million (2023 est.)

Industries

fishing, handicrafts

Public debt

Public debt 2016

22.9% of GDP (2016 est.)

Remittances

note

note: 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.)

Exchange rates

note

note: the Australian dollar circulates as legal tender

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.)

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

Exports - partners

Thailand 85%, Japan 6%, Philippines 3%, UAE 2%, Fiji 1% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 24%, Australia 20%, Fiji 15%, Japan 7%, NZ 6% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: 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.)

Real GDP growth rate

note

note: 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.)

Agricultural products

coconuts, bananas, vegetables, taro, tropical fruits, pork, chicken, nuts, eggs, pork offal (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

fish, coconut oil (2023)

note: top export commodities based on value in dollars over $500,000

Imports - commodities

ships, centrifuges, refined petroleum, rice, raw sugar (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

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.)

Taxes and other revenues

17.7% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$307.863 million (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

101.2% (2022 est.)

government consumption

61.7% (2022 est.)

investment in inventories

1.3% (2022 est.)

investment in fixed capital

19.1% (2022 est.)

exports of goods and services

7.6% (2022 est.)

imports of goods and services

-100.5% (2022 est.)

Population below poverty line

21.9% (2019 est.)

note: % of population with income below national poverty line

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

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.)

Industrial production growth rate

-6.2% (2022 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: 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.)

GDP - composition, by sector of origin

industry

9.9% (2022 est.)

services

65.7% (2022 est.)

agriculture

27.8% (2022 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

4% (2019 est.)

highest 10%

22.8% (2019 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2019

27.8 (2019 est.)