Kiribati Economic information

Kiribati is an island country located in the Pacific Ocean. Its economy is based on agriculture, fishing and tourism. The agricultural sector accounts for a large portion of Kiribati's total employment. Major agricultural products include coconut, banana, taro, breadfruit and pandanus. Agricultural products are produced for both local consumption and export. The fishing industry is also important to Kiribati. The country's seas are rich in fish and other seafood. Kiribati contributes to its economy with the income it obtains from fishing activities. Additionally, seafood exports are also carried out. The tourism sector also contributes to Kiribati's economy. The country's beautiful beaches, coral reefs and natural beauty make it an attractive destination for tourists. It also supports sub-sectors such as tourism, hotel management, restaurants and guidance. Kiribati's economy is generally small-scale and fragile. The country is highly dependent on foreign aid and foreign trade. Issues such as climate change, sea level rise and limited natural resources pose challenges to Kiribati's economic future. The official currency of Kiribati is the Australian dollar. Trade with the countries of the Pacific region is especially important in the country's foreign trade. Kiribati's main imports include food, fuel and construction materials. As a result, Kiribati's economy is based on agriculture, fishing and tourism. However, the country's economic sustainability is threatened by climate change and other challenges.