International Monetary Fund Washington, D.C.

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1 2011 International Monetary Fund May 2011 IMF Country Report No. 11/114 Kiribati: Statistical Appendix This Statistical Appendix paper for Kiribati was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on April 19, 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. The policy of publication of staff reports and other documents by the IMF allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund Publication Services th Street, N.W. Washington, D.C Telephone: (202) Telefax: (202) publications@imf.org Internet: International Monetary Fund Washington, D.C.

2 INTERNATIONAL MONETARY FUND KIRIBATI Statistical Appendix Prepared by Patrizia Tumbarello and Yi Xiong (both APD) Approved by the Asia and Pacific Department April 19, 2011 Contents Page 1. Gross Domestic Product by Economic Activity at Current Prices, Gross Domestic Product by Economic Activity at Constant 2006 Prices, Contributions to GDP Growth, Gross National Product, Copra Production by Island, Tarawa Retail Price Index, Summary of Central Government Operations, Central Government Revenue, Central Government Expenditure (Functional Classification), Central Government Expenditure (Economic Classification), Central Government Salary Structure, Government Employees, Selected Central Government Budgetary Subsidies to Public Enterprises, ANZ Bank (Kiribati) Limited Balance Sheet, ANZ Bank (Kiribati) Limited Interest Rates, Assets and Liabilities of the Kiribati Provident Fund, Assets and Liabilities of Development Bank of Kiribati, Balance of Payments Summary, Composition of Exports, Composition of Imports, Services and Income, Tourism Arrivals, External Grants by Principal Donors, External Assets and Liabilities,

3 2 Table 1. Kiribati: Gross Domestic Product by Economic Activity at Current Prices, (In millions of Australian dollars) Agriculture, Forestry, Hunting & Fishing Agriculture Fishing Seaweed Mining and Quarrying Manufacturing Electricity, Gas & Water Supply Construction Wholesale & Retail Trade Hotel & Restaurants Transport and Storage Communications Financial Intermediation Real Estate Owner Occupied Dwellings Business Services Public Administration and Defence Education Health Other Community, Social & Personal Services Less Imputed Bank Service Charges Plus Taxes on Products Less Subsidies GDP at Market Prices Sources: Data provided by the Kiribati authorities.

4 3 Table 2. Kiribati: Gross Domestic Product by Economic Activity at Constant 2006 Prices, (In millions of Australian dollars) Agriculture, Forestry, Hunting &Fishing Agriculture Fishing Seaweed Mining and Quarrying Manufacturing Electricity, Gas & Water Supply Construction Wholesale & Retail trade Hotel & Restaurants Transport and Storage Communications Financial Intermediation Real Estate Owner Occupied Dwellings Business Services Public Administration and Defence Education Health Other Community, Social & Personal Services Less Imputed Bank Service Charges Plus Taxes on Products Less Subsidies GDP at Market Prices Sources: Data provided by the Kiribati authorities.

5 4 Table 3. Kiribati: Contributions to GDP Growth, (Change in percent of previous year total GDP) Agriculture, Forestry, Hunting & Fishing Agriculture Fishing Seaweed Mining and Quarrying Manufacturing Electricity, Gas & Water Supply Construction Wholesale & Retail Trade Hotel & Restaurants Transport and Storage Communications Financial Intermediation Real Estate Owner Occupied Dwellings Business Services Public Administration and Defence Education Health Other Community, Social & Personal Services Less Imputed Bank Service Charges Plus Taxes on Products Less Subsidies GDP at Market Prices Sources: Data provided by the Kiribati authorities.

6 5 Table 4. Kiribati: Gross National Product, (In millions of Australian dollars at current prices) GDP at Current Prices Fishing License Fees Investment Income, Net Seamen's Remittances GNP at Current Prices (Percent change) Memorandum Item GNP at Constant 2006 Prices (Percent change) Sources: Data provided by the Kiribati authorities; and Fund staff estimates.

7 6 Table 5. Kiribati: Copra Production by Island, (In metric tons) Gilbert Islands 4,299 8,355 7,196 7,677 4,605 Makin Butarit Marakei Abaiang Tarawa Maiana Kuria Aranuka Abemama , Nonouti Tabiteuea 598 1, , Onotoa Beru Nikunau Tamana Arorae Line Islands 1,895 1,331 1,612 1,458 1,635 Kiritimati , Fanning Washington 1,241 1, Total 6,194 9,686 8,808 9,135 6,240 Memorandum item Copra Exports 2,740 1,909 5,253 3,296 1,027 Source: Data provided by the Kiribati authorities.

8 7 Table 6. Kiribati: Tarawa Retail Price Index, (Annual Average Percentage Change) Food Drinks Alcohol and Tobacco Clothing Transportation Utilities Housing Education Recreation Household Operations All Items Memorandum Item All items (end of period) Source: Data provided by the Kiribati authorities.

9 8 Table 7. Kiribati: Summary of Central Government Operations, (In millions of Australian dollars) Total Revenue and Grants Revenue Tax revenue Nontax revenue Of which: Fishing license fees External Grants Total Expenditure and Net Lending Current Expenditure Of which : Personnel costs Subsidies to public enterprises 1/ Other current expenditure Development Expenditure Net Lending Overall Balance Financing Revenue Equalization and Reserve Fund Consolidated Fund Development Fund External Loans Other Sources (In percent of GDP) Total Revenue and Grants Revenue Tax Revenue Nontax Revenue Of which : Fishing license fees External Grants Total Expenditure and Net Lending Current Expenditure Of which: Wages and salaries Subsidies to public enterprises 1/ Other current expenditure Development Expenditure Net Lending Overall Balance Financing RERF Consolidated Fund Development Fund External Loans Other Sources Memorandum Items RERF Balance (in milllions of Australian dollars;end of period) RERF: Accrued income Valuation changes Government drawings Current Balance (in percent of GDP, exclud. grants) Real GDP Growth Sources: Data provided by the Kiribati authorities; and Fund staff estimates. 1/ Includes subsidies to copra production.

10 9 Table 8. Kiribati: Central Government Revenue, (In millions of Australian dollars) Tax Revenue Direct Taxation Company Personal Indirect Taxation Import Duties Hotel Tax Nontax Revenue Property Income Fishing License Fees Interest 1/ Dividends 1/ Other Income 2/ Entrepreneurial Income Total Revenue (In percent of GDP) Tax Revenue Direct Taxation Company Personal Indirect Taxation Import Duties Hotel Tax Nontax Revenue Property Income Fishing License Fees Interest 1/ Dividends 1/ Other Income 2/ Of which : NASDA Fees 3/ Sales of Investors Passports Entrepreneurial Income Total Revenue (In percent of total revenue) Tax Revenue Of which : Import Duties Nontax Revenue Of which : Fishing License Fees Sources: Data provided by the Kiribati authorities; and Fund staff estimates. 1/ Excludes interest and dividends on the Revenue Equalization Reserve Fund. Includes incomes from sales of government shareholdings. 2/ Includes other fees and charges, and discrepancies between aggregates and distributed breakdown reported b authorities. 3/ User fees paid by the Japanese space agency for the use of Christmas Island facilities to obtain meteorologica information.

11 10 Table 9. Kiribati: Central Government Expenditure (Functional Classification), / (In millions of Australian dollars) Current Expenditure General Public Services Office of the President Foreign Affairs Judiciary Public Service Commission Parliament Attorney General Audit Home Affairs & Social Welfare Finance Public Order and Safety Social Services Education Health Environment Economic Services Natural Resources Commerce, Industries, and Tourism Transportation and Communications Works and Energy Line and Phoenix Labor, Employment, and Cooperatives Other Expenses 2/ (In percent of current expenditure) Memorandum Items Education Health Education and Health Sources: Data provided by the Kiribati authorities; and Fund staff estimates. 1/ Includes supplementary budget appropriations. 2/ Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities.

12 11 Table 10. Kiribati: Central Government Expenditure (Economic Classification), / Current Expenditure Of which Wages and Salaries Contributions to Provident Fund Purchases of Goods and Services Travel/Transportation Hire of Vehicles and Vessels Utilities Land Rent Maintenance and Other 2/ Subsidies to Public Enterprises 3/ Net Drawdowns from STABEX Current Expenditure Of which Wages and Salaries Contributions to Provident Fund Purchases of Goods and Services Travel/Transportation Hire of Vehicles and Vessels Utilities Land Rent Maintenance and Other Subsidies to Public Enterprises Net Drawdowns from STABEX Memorandum Items Wages and Salaries/Current Expenditure (In percent) Sources: Data provided by the Kiribati authorities; and Fund staff estimates. (In millions of Australian dollars) (In percent of GDP) 1/ Includes supplementary budget appropriations. 2/ Includes discrepancy between aggregate numbers and distributed breakdown reported by the authorities. 3/ Includes subsidies to copra production.

13 12 Table 11. Kiribati: Central Government Salary Structure, / Salary Range (Annual salary in Australian dollars, effective from January 1) 2/ 2 14,900 14,900 15,600 15,600 15, ,198 14,198 14,898 14,898 14, ,054 13,054 13,754 13,754 13, ,482 12,482 13,182 13,182 13, ,910 11,910 12,610 12,610 12, ,338 11,338 12,038 12,038 12, ,870 10,870 11,570 11,570 11, ,402 10,402 11,102 11,102 11, ,466 9,466 10,166 10,166 10, ,530 8,530 9,230 9,230 9, ,594 7,594 8,294 8,294 8, ,866 6,866 7,566 7,566 7, ,138 6,138 6,838 6,838 6, ,410 5,410 6,110 6,110 6, ,682 4,682 5,382 5,382 5, ,292 4,292 4,992 4,992 4, ,902 3,902 4,602 4,602 4, ,512 3,512 4,212 4,212 4, ,140 3,140 3,840 3,840 3,840 (Percentage change between periods) Memorandum items Highest Paid Lowest Paid Source: Data provided by the Kiribati authorities. 1/ Includes central government contributions to the Kiribati Provident Fund. 2/ Maximum of range.

14 13 Table 12. Kiribati: Government Employees, Total 4,291 4,345 4,345 4,508 4,508 General Public Services 1,227 1,264 1,264 1,318 1,318 Office of the President Foreign Affairs Judiciary Public Service Commission Parliament Attorney General Audit Home Affairs Finance Public Order and Safety Social Services 2,205 2,258 2,258 2,336 2,336 Education 1,353 1,349 1,349 1,417 1,417 Health Environment and Social Welfare Economic Services Natural Resources Commerce, Industries, and Tourism Transportation and Communications Works and Energy Line and Phoenix Labor, Employment, and Cooperatives Source: Data provided by the Kiribati authorities.

15 14 Table 13. Kiribati: Selected Central Government Budgetary Subsidies to Public Enterprises, / (In thousands of Australian dollars) Air Tungaru/Kiribati Christmas Island Air Service Charter Subsidy 2, Public Utilities Board Kiribati Housing Corporation Other 2/ Total 3, , , (In percent of current expenditure) (In percent of GDP) Source: Data provided by the Kiribati authorities. 1/ Excludes subsidies to copra production. 2/ Includes payments of debt service for public enterprises.

16 15 Table 14. Kiribati: ANZ Bank (Kiribati) Limited Balance Sheet, / (In millions of Australian dollars; end-september) Net Foreign Assets Domestic Credit Cash Other Items, Net Deposits Demand Savings Time Money Supply (M2) Sources: Data provided by the Kiribati authorities. 1/ Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati.

17 16 Table 15. Kiribati: ANZ Bank (Kiribati) Limited Interest Rates, / (In percent per annum; end of period) Deposit Rates Savings Accounts Term Deposits under $A50,000 2/ 6 months months Term Deposits over $A50,000 1 month months months months Loan Rates Secured Unsecured Memorandum Item Australian Money Market Rate 3/ Sources: Data provided by the Kiribati authorities; ANZ Bank (Kiribati) Limited; and IMF, International Financial Statistics. 1/ Formerly known as Bank of Kiribati. ANZ Bank (Kiribati) Limited is the sole commercial bank in Kiribati. 2/ Minimum deposit A$500. 3/ Weighted average rate of short-term loans.

18 17 Table 16. Kiribati: Assets and Liabilities of the Kiribati Provident Fund, (In millions of Australian dollars; end of period) 2010 Assets Common Stocks Foreign Investments Foreign Equities Foreign Government Bonds 1/ Current Assets ANZ Bank (Kiribati) Limited Other Domestic Assets Fixed Assets Liabilities Members' Accounts General Reserves 2/ Current Liabilities Memorandum Items Change in Members' Accounts Contributions Interest Withdrawals Interest Rate Paid to Members (In percent per annum) Sources: Data provided by the Kiribati authorities. 1/ Book value, including reinvested interest income. 2/ Includes interest stabilization reserves, special death benefit reserves, and accumulated surpluses.

19 18 Table 17. Kiribati: Assets and Liabilities of Development Bank of Kiribati, (In millions of Australian dollars; end of period) Assets Loans and Investments Cash and Bank Balances Other Assets Liabilities Capital Government Investment Government Grants Retained Earnings Current Liabilities Other Liabilities 1/ Source: Data provided by the Kiribati authorities. 1/ Includes Asian Development Bank loan and European Investment Bank long-term loan.

20 19 Table 18. Kiribati: Balance of Payments Summary, (In millions of U.S. dollars) Current Account Balance Trade balance Exports, f.o.b Imports, f.o.b Balance on services Credit Debit Balance on factor income Credit Fishing license fees Investment income Seamen's remittances Debit Balance on current transfers Credit Of which : Government Debit Of which : Government Financial and Capital Account Balance Government Capital transfers Loans (net) Direct investment Financial institutions Errors and Omissions Overall Balance Change in External Assets (Increase -) 1/ Revenue Equalization Reserve Fund Government funds 2/ Memorandum Items Official external assets (percent of GDP) (In years of imports of goods and services) Foreign reserve assets (In months of imports of goods and services) Other assets External debt (in percent of GDP) External debt service (in percent of GDP) (In percent of exports of goods and services) Sources: Data provided by the Kiribati authorities; and Fund staff estimates and projections. 1/ Excludes valuation changes. 2/ Comprises the Consolidated Fund, Development Fund, and STABEX Fund.

21 20 Table 19. Kiribati: Composition of Exports, (Value in millions of Australian dollars; volume in metric tons; unit value in Australian dollars per metric ton) Total Exports, f.o.b (In percent of GDP) Domestic Exports Copra Value Volume 8, , , ,028.0 Unit value Fish Value Volume Unit value Seaweed Value Volume Unit value ,030.5 Shark fins Value Volume , , ,464.0 Unit value Pet fish Value Volume ,407.0 Unit value Others (value) Reexports (value) Errors and Omissions Sources: Data provided by the Kiribati authorities.

22 21 Table 20. Kiribati: Composition of Imports, (In millions of Australian dollars) Total Imports, f.o.b Food and Live Animals Beverages and Tobacco Crude Materials Mineral Fuels Animal and Vegetable Oils and Fats Chemicals Manufactured Goods Machinery and Transportation Equipment Miscellaneous Manufactured Articles Other Sources: Data provided by the Kiribati authorities.

23 22 Table 21. Kiribati: Services and Income, (In millions of Australian dollars) Balance on Services (In percent of GDP) Credit Transportation Travel Other Debit Transportation Travel Other Balance on Factor Income 1/ (In percent of GDP) Credit Fishing License Fees Investment Income Seamen's Remittances Debit Sources: Data provided by the Kiribati authorities. 1/ Includes fishing license fees, which would be shown as current transfers under conventional international guidelines.

24 23 Table 22. Kiribati: Tourism Arrivals, Business 1,758 1,020 1,994 1,881 1,986 Visiting Friends and Relatives Holiday Transit Others Total 3,037 2,004 3,599 3,380 3,915 Source: Data provided by the Kiribati authorities.

25 24 Table 23. Kiribati: External Grants by Principal Donors, (In millions of Australian dollars) Multilateral Donors European Community UNDP WHO Bilateral Donors Australia China Japan New Zealand USAID Taiwan POC Other Donors 1/ Total Grants Source: Data provided by the Kiribati authorities. 1/ Including technical assistance grants from the Asian Development Bank.

26 25 Table 24. Kiribati: External Assets and Liabilities, (In millions of Australian dollars) Total External Assets Official External Assets Revenue Equalization Reserve Fund Government Funds 1/ Other external assets ANZ Bank (Kiribati) Limited Kiribati Provident Fund Kiribati Copra Cooperative Society Total External Debt Memorandum Items Revenue Equalization Reserve Fund Opening Balance Changes, Net Interest and Dividends Contributions from the Government Transfers to the Budget Management Fees Valuation and Currency Gains 2/ Closing Balance Sources: Data provided by the Kiribati authorities; and Fund staff estimates. 1/ Comprises the Consolidated, Development, and STABEX Funds. 2/ Includes accrued interest not received, unrealized capital gains, and the effects of exchange rate changes.