| Kiribati |
|
|
|
| Exchange Rate: 1 $
Local currency = x $US |
|
|
|
| Currency |
AUS$ |
| Calendar Year 1996 |
0.78 |
| Calendar Year 1997
(used in tables) |
0.75 |
| Q1 1998 |
0.67 |
| % Change 1996 - Q1
1998 |
-14% |
|
|
GENERAL |
|
Land
Area |
811
km2 |
EEZ |
3,550,000
km2 |
GDP |
US$55
million (1996) |
GNP
per Capita |
US$870
(1996) |
Human
Development Index |
0.439
(1994) |
Life
Expectancy |
73
years (1995) |
Infant
Mortality |
19
per 1000 births (1995) |
|
|
INDICATOR
LEVELS (US $ million) |
|
GDP
(at current prices) |
54.6
(1996) |
Govt.
Revenues |
43.8
(1996) |
Govt.
Expenditures |
47.7
(1996) |
Govt.
Budget Deficit (-) |
-3.9
(1996) |
Exports
(fob) |
5.8
(1996) |
Imports
(fob) |
37.4
(1996) |
Current
Account Balance (after grants) |
-2.3
(1996) |
Gross
Reserves |
330
(1996) |
|
|
Imports
(fob) |
|
| LABOUR FORCE
CONTEXT |
|
| Population (1,000s
latest census) 1 |
78 |
| Potential Labour
Force, age 15-59 |
42.10 |
|
|
| Unpaid/underemployed
labour force (%) 2 |
|
| male |
80 |
| female |
80 |
|
|
| Quality of Local
Labour Force3 |
|
| Adult literacy rate
(%) |
93 |
| Enrolment rate
secondary schools (%) |
52 |
|
|
| LABOUR FORCE
CONDITIONS |
|
| Legislated minimum
wage |
- |
| Average Wage Rates
($per hour)4 |
|
| Managerial |
5.20 |
| Supervisory |
4.40 |
| Skilled |
4.20 |
| Semi Skilled |
1.30 |
| Unskilled |
0.90 |
|
|
| Normal number of
hours work per week |
37.50 |
| No. paid holidays per
year |
15 |
| Employer
Contributions (% wage bill) |
|
|
|
| Workers
Superannuation Fund |
|
| compulsory? |
Yes |
| rate (%) |
6 |
|
|
| Western
Compensation Fund |
|
| compulsory? |
Yes |
| rate (%)5 |
1 |
|
|
| Electricity |
|
| connection fee |
68 |
| tariff per kilowat
hour |
0.29 |
|
|
| Water & Sewage |
|
| water connection fee
($) |
15 |
| sewage connection fee |
150 |
| sewage rate |
no
charge |
|
|
| Telephone |
|
| installation fee ($) |
203 |
| line/equipment rental
rate ($) per year |
126 |
| rate per local call
($) |
0.15 |
|
|
| long distance rates
($) per minute |
|
| Japan (Tokyo) |
3.00 |
| USA (Los Angeles) |
3.00 |
| United Kingdom
(London) |
3.00 |
| Australia (Sydney) |
2.10 |
| New Zealand
(Auckland) |
2.10 |
| Singapore |
3.00 |
|
|
| Neighbouring Forum
Island countries |
|
| Tonga |
|
| Samoa |
|
| Fiji |
2.10 |
| Papua New Guinea |
|
| Vanuatu |
|
| Marshall Islands |
2.10 |
| Tuvalu |
2.10 |
| Kiribati |
|
| Federated States of
Micronesia |
|
| Solomon Islands |
|
| Cook Islands |
|
| Nauru |
|
| Palau |
|
| Total Cost 1 year of
service 1 |
3,605 |
|
|
| Internet/E-mail |
|
| connection fee |
not |
| rental rate per year |
available |
| no. free hours per
month included in rental |
|
| rate per additional
hour use |
|
| Total cost 1 year of
service2 |
|
|
|
| Sea Freight (cif)
per cubic metre 1 |
|
| Japan (Tokyo) |
82 |
| USA (Los Angeles) |
102 |
| United Kingdom
(London) |
|
| Australia (Sydney) |
|
| New Zealand
(Auckland) |
95 |
| Singapore |
82 |
|
|
| Neighbouring Forum
Island Countries |
|
| Tonga |
|
| Samoa |
|
| Fiji |
68 |
| Marshall Islands |
20 |
| Papua New Guinea |
|
| Cook Islands |
|
| Solomon Islands |
|
| Vanuatu |
|
| Palau |
|
| Kiribati |
|
| Federated States of
Micronesia |
|
|
|
| Air Freight (cif)
per kilogram |
10.10 |
| Japan (Tokyo) |
9.50 |
| USA (Los Angeles) |
19.60 |
| United Kingdom
(London) |
6.20 |
| Australia (Sydney) |
5.60 |
| New Zealand
(Auckland) |
6.90 |
| Singapore |
|
|
|
| Neighbouring Forum
Island Countries |
|
| Tonga |
|
| Samoa |
|
| Fiji |
|
| Marshall Islands |
|
| Papua New Guinea |
|
| Cook Islands |
|
| Solomon Islands |
|
| Vanuatu |
|
| Palau |
|
| Kiribati |
1.60 |
| Federated States of
Micronesia |
0.80 |
| Papua New Guinea |
|
| Cook Islands |
|
| Solomon Islands |
|
| Vanuatu |
|
| Palau |
2.30 |
|
|
| Land |
|
| total area (sq
kilometers) |
726 |
| Customary land |
|
| Proportion
customarily owned (%) |
33 |
| Max period for
commercial lease (yrs) |
99 |
| Average lease rate
per acre per annum |
|
| agricultural land ($) |
900 |
| commercial land ($) |
900 |
|
|
| Free hold land |
|
| average purchase
price per acre |
- |
| Factory Space |
|
| average annual rental
price per sq ft |
2.30 |
|
|
| Commercial Banking |
|
| Commercial Banks,
excl Dev Banks (No) |
1 |
| Lending rate range (%
per annum) |
8.00-11.00 |
| Average lending rate
(% per annum) |
9.00 |
|
|
| Personal Tax Rates
(Brackets) |
|
| No tax |
<1,350 |
| rate of 5% |
|
| rate of 6% |
|
| rate of 8% |
|
| rate of 10% |
|
| rate of 12% |
|
| rate of 15% |
|
| rate of 20% |
|
| rate of 25% |
1,350-11,250 |
| rate of 30% |
11,250-37,500 |
| rate of 35% |
>37,500 |
| rate of 37% |
|
| rate of 40% |
|
|
|
| Company Tax Rate
(%) |
|
| Resident Company |
|
| General |
25/35 |
| Mining |
|
| Petroleum |
|
|
|
| Non-Resident
Company |
|
| General |
25/35 |
| Mining |
|
| Petroleum |
|
| Other Taxes &
Fees |
|
| Business Gross
Receipt tax (%) |
|
| GST/Value added tax
(%) |
- |
| Sales tax (%) |
10
(hotel) |
| Annual business
licence fees ($) |
65-320 |
|
|
| Import Duty Rates
(% range) |
|
| manufacturing inputs |
0 |
| general (excluding
cigarettes, liquor et) |
Oct-50 |
|
|
