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because they have no party headquarters, formal platforms, or party structures International organization participation: ACP, AsDB, C, ESCAP, IBRD, ICAO, ICFTU, IDA, IFC, IMF, Intelsat (nonsignatory user), Interpol, ITU, Sparteca, SPC, SPF, UNESCO, UPU, WHO Diplomatic representation in US: Kiribati does not have an embassy in the US US diplomatic representation: the US does not have an embassy in Kiribati; the ambassador to Fiji is accredited to Kiribati Flag: the upper half is red with a yellow frigate bird flying over a yellow rising sun, and the lower half is blue with three horizontal wavy white stripes to represent the ocean Economy ------- Economic overview: A remote country of 33 scattered coral atolls, Kiribati has few national resources. Commercially viable phosphate deposits were exhausted at the time of independence in 1979. Copra and fish now represent the bulk of production and exports. The economy has fluctuated widely in recent years. Real GDP growth has declined from about 10% in 1988 to about 2.6% in 1995. Economic development is constrained by a shortage of skilled workers, weak infrastructure, and remoteness from international markets. The financial sector is at an early stage of development. Foreign financial aid, largely from the UK and Japan, is a critical supplement to GDP, equal in amount to 25%-50% of GDP in recent years. GDP: purchasing power parity - $68 million (1995 est.) GDP real growth rate: 2.6% (1995 est.) GDP per capita: $860 (1995 est.) GDP composition by sector: agriculture: NA% industry: NA% services: NA% Inflation rate (consumer prices): 5.5% (1994 est.) Labor force: 7,870 economically active, not including subsistence farmers (1985 est.) Unemployment rate: 2%; underemployment 70% (1992 est.) Budget: revenues: $32.5 million expenditures: $54.3 million, including capital expenditures of $NA (1995 est.) Industries: fishing, handicrafts Industrial production growth rate: 0.7% (1992 est.) Electricity: capacity: 5,000 kW production: 13 million kWh consumption per capita: 131 kWh (1993) Agriculture: copra, taro, breadfruit, sweet potatoes, vegetables; fish Exports: $6.3 million (f.o.b., 1995 est.) commodities: copra 50%, seaweed 16%, fish 15% partners: Denmark, Fiji, US Imports: $38.6 million (c.i.f., 1995 est.) commodities: foodstuffs, machinery and equipment, misc
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