Continued deficits in the trade balance are often met by grants from the UK to the government's current and capital accounts. Foreign aid, in fact, accounts for between 25% and 50% of GDP.
The US Central Intelligence Agency (CIA) reports that in 1998 the purchasing power parity of Kiribati's exports was US $6 million while imports totaled US $44 million resulting in a trade deficit of US $38 million.
The International Monetary Fund (IMF) reports that in 1994 Kiribati had exports of goods totaling US $6 million and imports totaling US $27 million. The services credit totaled US $18 million and debit US $17 million. The following table summarizes Kiribati's balance of payments as reported by the IMF for 1994 in millions of US dollars.
|Balance on goods||-21|
|Balance on services||0|
|Balance on income||15|
|Direct investment abroad||0|
|Direct investment in Kiribati||0|
|Portfolio investment assets||-7|
|Portfolio investment liabilities||…|
|Other investment assets||…|
|Other investment liabilities||1|
|Net Errors and Omissions||-5|
|Reserves and Related Items||6|