<kbd id="su8u96sg"></kbd><address id="sk2x30w7"><style id="9bhlcw5a"></style></address><button id="6ccmgsh0"></button>

          What Are The Biggest Industries In Kiribati?

          By Benjamin Elisha Sawe on November 13 2019 in Economics

          Old fishing boats in a shallow lagoon with turquoise water, Fanning Island, Kiribati Republic.
          Old fishing boats in a shallow lagoon with turquoise water, Fanning Island, Kiribati Republic.

          Kiribati is an independent state in Micronesia that encompasses an area of 811 km2 and has an estimated population of 110,136. The state consists of 32 atolls and reef islands, although more than half of the population lives on Tarawa Atoll. First inhabited by Micronesian populations, Kiribati was later colonized by Britain, and eventually gained independence in 1979. Tarawa is the capital and most populated part of Kiribati. In 2011, the island nation had a gross domestic product (GDP) based on purchasing power parity (PPP) of $599 million, a GDP per capita of $5,700, and a GDP growth rate of 1.8%.

          Agriculture

          500 Internal Server Error

          Internal Server Error

          The server encountered an internal error and was unable to complete your request. Either the server is overloaded or there is an error in the application.

          Mining

          Although Kiribati currently has no mineral deposits on its atolls or reef islands, the government recently began surveying the waters within its larger exclusive economic zone (EEZ) for minerals. According to the government, traces of manganese and cobalt have been found on the ocean floors surrounding Kiribati, and studies are now determining the viability of exploiting the resource. If viable, the mineral resources are expected to contribute significantly to the growth of the country's economy, which is currently under pressure due to limited resources. Historically, phosphate mining was a significant part of Kiribati's economy, and was mined until the resource was depleted in 1979. The country also produces salt on a small-scale which, primarily on Christmas Island, which uses a rudimentary process of excavating salt deposits from shallow ponds and leaving them to dry in the sun. Salt from Kiribati is exported to overseas, with Japan serving as the principal export market.

          Fishing

          Fishing is one of the main economic activities in Kiribati, accounting for about 9% of the country's GDP in 2008. In fact, Kiribati is one of the most important sources of tuna fishing grounds in the Pacific, and the exclusive economic zone (EEZ) for all 33 atolls and islands is one of the largest in the world. Kiribati receives about 40% of its GDP from the sale of fishing licenses, which are linked to the size of the catch and vary considerably from year to year. The country also has an aquarium fish industry, which is still relatively new, but is thriving and contributes 80% of domestic fish exports. Some of the fish species in Kiribati include damselfish, butterflyfish, surgeonfish, and angelfish, and its leading export market is the United States. Other important species include the sea cucumber, oyster, ark shell, giant clam, shrimp, and lobster. However, these resources do not exist in large enough quantities for commercial exploitation, but instead are caught by subsistence and small-scale fishing, often in traditional canoes. Almost all communities in Kiribati practice fishing as an economic activity, and all fishing occurs in the ocean rather than freshwater.

          Tourism

          Tourism in Kiribati is an important economic activity and contributes significantly to the country's GDP. The tourism industry creates more than 5,000 jobs, which is equivalent to 17% of Kiribati's total labor force. In fact, the country ranks 31st in the world in terms of the highest proportion of its workforce employed in tourism. According to the World Travel and Tourism Council, Kiribati's tourism industry contributed about 19.5% of its GDP, compared to the global average of 14%. Kiribati markets itself as a remote destination, and as an alternative to the common commercial and globalized tourism industry. Additionally, the country's numerous lagoons, white sandy beaches, and beautiful scenery help attract tourists from around the world. Kiribati's islands are popular for recreational fishing, bird watching and surfing. For example, Phoenix Island is the world's largest protected marine area.

          Manufacturing

          500 Internal Server Error

          Internal Server Error

          The server encountered an internal error and was unable to complete your request. Either the server is overloaded or there is an error in the application.

          Challenges Facing Kiribati

          Kiribati faces a wide array of challenges, including climate change. Climate change has adversely affected Kiribati's environment, as well as its  political, economic, and social development. For example, climate change has impacted access to adequate food and water. Additionally, expected rises in the water level are projected to negatively impact the nation's arable land, which may either become submerged or face increased soil salination. The country is particularly vulnerable to climatic change because of its small size, limited resources, low-lying topography, and weak and underdeveloped economy. 

          More in Economics

          worldatlas.com

          澳门mg游戏平台

              <kbd id="swz9d2j0"></kbd><address id="ljd5ax8p"><style id="6tk5uzv4"></style></address><button id="qsm9dnab"></button>