Diplomatic representation in the US:
Kiribati does not have an embassy in the US; there is an honorary
consulate in Honolulu
Diplomatic representation from the US:
the US does not have an embassy in Kiribati; the ambassador to the
Marshall Islands is accredited to Kiribati
Flag description:
the upper half is red with a yellow frigate bird flying over a
yellow rising sun, and the lower half is blue with three horizontal
wavy white stripes to represent the ocean
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. The financial sector is at an early stage of
development as is the expansion of private sector initiatives.
Foreign financial aid from UK, Japan, Australia, New Zealand, and
China is a critical supplement to GDP, equal to 25%-50% of GDP in
recent years. Remittances from workers abroad account for more than
$5 million each year.
GDP:
purchasing power parity - $79 million - supplemented by a nearly
equal amount from external sources (2001 est.)
GDP - real growth rate:
1.5% (2001 est.)
GDP - per capita:
purchasing power parity - $800 (2001 est.)
GDP - composition by sector:
agriculture: 30%
industry: 7%
services: 63% (1998 est.)
Population below poverty line:
NA%