The economic architecture of Kiribati is substantial, anchored by a Gross Domestic Product (GDP) of approximately $279.21M
2023
. This places it as the 189th largest economy out of 192 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $2.11K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $470.07M, offering a clearer picture of the population's domestic purchasing power. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 4.1%
2023
, while managing moderate inflation, with a CPI of 9.3%.
2023
On the global stage, Kiribati's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 92.4% of GDP and exports at 7.4%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 1.83% of the economy
2023
. This performance positions the country 100th globally out of 187 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $11.63M annually
2023
. Fiscal capacity is adequate, with tax collections representing 18.3% of GDP, supporting core state functions.
2023
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $3,740
2023
, ranking the nation 128th out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. Despite its economic standing, poverty remains a salient issue, with 21.9% of the population living below the national poverty line
2019
. The country achieves a relatively equitable distribution of income, reflected in a low Gini index of 27.8.
2019
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 107.771 kg of oil equivalent
2007
, a metric that often correlates with industrial activity and living standards. A significant commitment to sustainability is evident, with renewable energy accounting for 41.9% of consumption
2022
. This commitment places it 135th among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 130.2 tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The economy is largely insular and consumption-driven, relying heavily on imports and showing limited integration into global export markets.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.