Adjusted savings: gross savings in Kiribati
Kiribati: Adjusted savings: gross savings was 31.7% in 2020. ◆ Volatile
Adjusted savings: gross savings in Kiribati, 1979–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
In 2020, adjusted savings: gross savings in Kiribati stood at 31.7%.
Compared with earlier readings it is down 0.2% on the previous year and up 228.9% over ten years.
Over the whole period, adjusted savings: gross savings in Kiribati peaked at 62.9% in 1991 and was at its lowest, 0.6%, in 2006.
That places Kiribati 34th out of 178 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings in Kiribati, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1979 | 44.2% | — |
| 1980 | 34.9% | -21.0% |
| 1981 | 29.3% | -16.2% |
| 1982 | 50.3% | +71.9% |
| 1983 | 62.0% | +23.2% |
| 1984 | 54.6% | -11.9% |
| 1985 | 31.7% | -41.8% |
| 1986 | 30.7% | -3.3% |
| 1987 | 45.6% | +48.5% |
| 1988 | 48.1% | +5.5% |
| 1989 | 44.5% | -7.5% |
| 1990 | 47.8% | +7.5% |
| 1991 | 62.9% | +31.5% |
| 1992 | 59.3% | -5.7% |
| 2006 | 0.6% | -99.1% |
| 2007 | 6.3% | +1035.6% |
| 2008 | 5.1% | -18.7% |
| 2009 | 1.8% | -65.6% |
| 2010 | 9.6% | +447.9% |
| 2011 | 6.3% | -34.4% |
| 2012 | 17.3% | +172.7% |
| 2013 | 16.8% | -2.5% |
| 2014 | 32.6% | +94.0% |
| 2015 | 36.9% | +12.9% |
| 2016 | 26.1% | -29.1% |
| 2017 | 36.2% | +38.7% |
| 2018 | 34.6% | -4.6% |
| 2019 | 31.8% | -8.1% |
| 2020 | 31.7% | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 44.2% | 44.2% | 44.2% | 1 |
| 1980s | 43.2% | 29.3% | 62.0% | 10 |
| 1990s | 56.7% | 47.8% | 62.9% | 3 |
| 2000s | 3.4% | 0.6% | 6.3% | 4 |
| 2010s | 24.8% | 6.3% | 36.9% | 10 |
| 2020s | 31.7% | 31.7% | 31.7% | 1 |
Countries ranked near Kiribati
- 31 Cape Verde 33.0% compare
- 32 Luxembourg 32.8% compare
- 33 Nepal 32.5% compare
- 35 Macau, China 31.4% compare
- 36 Malta 31.2% compare
- 37 Estonia 31.1% compare
More economy & growth data for Kiribati
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6343 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.11 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 42.24 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2991 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 763.11 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate 43.2 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.4533 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 1,156 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 32.07 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2766 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: gross savings in Kiribati?
- Adjusted savings: gross savings in Kiribati was 31.7% in 2020, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Kiribati?
- The highest recorded value was 62.9% in 1991.
- What is the lowest adjusted savings: gross savings recorded in Kiribati?
- The lowest recorded value was 0.6% in 2006.
- How does Kiribati rank for adjusted savings: gross savings?
- Kiribati ranks 34th out of 178 countries with data for 2020.
- Is adjusted savings: gross savings rising or falling in Kiribati?
- Over the last ten years it is up 228.9%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.