Beyond the impressive oceanic fishing revenues, 2025 has proven historic for another reason: it marks the first time that coastal fisheries revenues have surpassed the AU$1 million mark. This breakthrough represents a significant diversification of Kiribati’s maritime economy and demonstrates the growing potential of small-scale, community-based fishing operations.

The coastal fisheries milestone is particularly significant for local communities across Kiribati’s 33 atolls and reef islands, which are spread across 3.5 million square kilometers of ocean. This achievement suggests that sustainable development of near shore resources can complement the nation’s larger industrial fishing operations, providing employment and economic opportunities for local populations while maintaining ecological balance.

The three-year streak of exceeding AU$200 million in oceanic fishing revenues tells a story of consistent, sustainable growth. Since breaking the AU$200 million barrier in 2023, Kiribati has demonstrated that robust resource management and strategic planning can deliver reliable economic returns even in challenging environmental conditions.

This performance is particularly crucial for Kiribati, where fishing license fees constitute the largest source of government revenue. The nation’s 3.5 million square kilometer EEZ is home to some of the world’s most productive tuna fisheries, and the government has worked diligently to balance economic development with environmental stewardship.

Several factors have contributed to Kiribati’s continued success in the fishing sector:

Enhanced Monitoring and Surveillance: Investment in maritime surveillance technology has helped Kiribati better manage its vast EEZ, ensuring compliance with fishing regulations and maximizing license revenue collection.

Regional Cooperation: As a member of the Parties to the Nauru Agreement (PNA), Kiribati benefits from coordinated management of tuna stocks across the western and central Pacific, the world’s most productive tuna fishing grounds.

Adaptive Management: The ability to maintain high revenues despite La Niña conditions demonstrates MFOR’s capacity to adjust policies and strategies in response to changing environmental circumstances.

Market Access: Strategic partnerships with fishing nations and improved negotiating positions have allowed Kiribati to command premium prices for access to its fishing grounds.

MFOR has made clear that this record-breaking year is not a ceiling but a foundation for future growth. “MFOR remains committed to exploring new opportunities to maximize the sustainable benefits derived from Kiribati’s vast ocean resources,” the ministry stated, signaling an ongoing commitment to innovation and development.

This forward-looking approach is essential for a nation facing the dual challenges of climate change and economic development. Rising sea levels pose an existential threat to Kiribati’s low-lying atolls, making the sustainable exploitation of ocean resources not just an economic priority but a matter of national survival.

Kiribati’s success story offers valuable lessons for other small island developing states (SIDS) seeking to maximize benefits from their ocean resources. The combination of strong governance, regional cooperation, technological investment, and commitment to sustainability provides a blueprint for ocean-based economic development.

As climate change continues to reshape global fisheries, Kiribati’s ability to adapt and thrive despite challenging conditions demonstrates that small nations can successfully manage their natural resources while building economic resilience.

The AU$202 million milestone is more than just a number—it represents the culmination of years of strategic planning, international cooperation, and unwavering commitment to sustainable resource management. As Kiribati looks toward the future, its ocean resources will undoubtedly remain central to the nation’s prosperity and survival in an increasingly uncertain world.

For the 131,000 people of Kiribati scattered across one of the world’s most remote archipelagos, these record revenues represent jobs, education, healthcare, and hope for a sustainable future built on the riches of the sea that surrounds them. 

By Ovidiu Stanica