92533
I-Kiribati, English (official)
TARAWA (capital) 46,000 (2014)
- Conventional long form
- Republic of Kiribati
- Conventional short form
- Kiribati
- Local long form
- Republic of Kiribati
- Local short form
- Kiribati
presidential republic
- Name
- Tarawa
- Geographic coordinates
- 1 21 N, 173 02 E
- Time difference
- UTC+12 (17 hours ahead of Washington, DC, during Standard Time)
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
A remote country of 33 scattered coral atolls, Kiribati has few natural resources and is one of the least developed Pacific Island countries. Commercially viable phosphate deposits were exhausted by the time of independence from the United Kingdom in 1979. Earnings from fishing licenses and seafarer remittances are important sources of income, however, remittances and the number of seafarers employed declined in the global crisis, but has since improved. In 2013, fishing license revenues contributed close to half of government’s total revenue and total remittances from seafarers were equivalent to 6% of GDP.
- Inflation
- 2.212%
- Total tax rate (% of commercial profits)
- 32.7%
- Real Interest Rate
- 4.398%
- Manufacturing, value added (% of GDP)
- 4.817%
- Current Account Balance
- US$ 44,743,513
- Labor Force, Total
- 25,254,095
- Employment in Agriculture
- 22.08%
- Employment in Industry
- 16.12%
- Employment in Services
- 61.80%
- Unemployment Rate
- 3.40%
- Imports of goods and services
- US$ 167,484,389
- Exports of goods and services
- US$ 19,402,319
- Total Merchandise Trade
- 57.91%
- FDI, net inflows
- US$ 1,697,857
- Commercial Service Exports
- US$ 11,105,150
copra, breadfruit, fish
fishing, handicrafts
- Commodities
- fish, coconut products
- Partners
- Commodities
- food, machinery and equipment, miscellaneous manufactured goods, fuel
- Partners