IMF Staff Country Reports

Kiribati: Recent Economic Developments

Publication Date:

December 19, 1995

Summary:

This report describes recent economic developments in Kiribati. Developments over the decade through 1992 were characterized by a fall in real per capita income, as economic development was constrained by a shortage of skilled manpower, weak infrastructure, and remoteness from major international markets. However, inflation was held broadly in line with price increases in major trading partners. The overall external balance was in large surplus, as substantial trade deficits in part reflecting small export earnings were more than offset by service account surpluses and external grant receipts.

Series:

Country Report No. 1995/117

Subject:

Agroindustries Balance of payments Budget planning and preparation Economic sectors Exports Foreign direct investment Income International trade National accounts Public financial management (PFM)

Notes:

This report on recent economic developments in Kiribati was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Kiribati, or the Executive Board of the IMF.