Kiribati

Phone Code: 00686

Root-level Domain Code: .ki

CIA Info

Background: The Gilbert Islands were granted self-rule by the UK in 1971 and complete independence in 1979 under the new name of Kiribati. The US relinquished all claims to the sparsely inhabited Phoenix and Line Island groups in a 1979 treaty of friendship with 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 equals more than 10% of GDP. Remittances from seamen on merchant ships abroad account for more than $5 million each year. Kiribati receives around $15 million annually for the government budget from an Australian trust fund.

Geography Note: 21 of the 33 islands are inhabited; Banaba (Ocean Island) in Kiribati is one of the three great phosphate rock islands in the Pacific Ocean - the others are Makatea in French Polynesia, and Nauru

Location: Oceania, group of 33 coral atolls in the Pacific Ocean, straddling the Equator; the capital Tarawa is about one-half of the way from Hawaii to Australia; note - on 1 January 1995, Kiribati proclaimed that all of its territory lies in the same time zone as its Gilbert Islands group (GMT +12) even though the Phoenix Islands and the Line Islands under its jurisdiction lie on the other side of the International Date Line

Natural Resources: phosphate (production discontinued in 1979)

Geographic Coordinates: 1 25 N, 173 00 E

Loading Map....

Write Something Under This Category