Kiribati is a lower Middle Income Country. Agriculture plays an important role in the country's economy. Agricultural activities and fishing are the main occupations of the peoples in the country. Kiribati has few natural resources. Commercially viable phosphate deposits were exhausted at the time of independence. Copra and fish now represent the bulk of production and exports. Tourism provides more than one-fifth of GDP. The country gains from the fishing authorization, development aid, employee's remittance, and from the tourism industry. Major exportable commodities of the country are fish, seaweed and copra. Kiribati major importable commodities are machines, fuel and manufactured goods.