Annual growth of the gross capital formation in Kiribati
Kiribati: Annual growth of the gross capital formation was 37.4% in 2023. ◆ Volatile
Annual growth of the gross capital formation in Kiribati, 2007–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Kiribati recorded 37.4% for annual growth of the gross capital formation in 2023.
Compared with earlier readings it is up 249.7% on the previous year and up 81.8% over ten years.
Over the whole period, annual growth of the gross capital formation in Kiribati peaked at 53.9% in 2012 and was at its lowest, -25.0%, in 2018.
Kiribati ranks 6th of 167 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Kiribati, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 3.9% | — |
| 2008 | -14.7% | -476.7% |
| 2009 | 16.7% | -213.5% |
| 2010 | -5.5% | -132.8% |
| 2011 | 27.8% | -609.0% |
| 2012 | 53.9% | +93.8% |
| 2013 | 20.5% | -61.9% |
| 2014 | -4.5% | -122.0% |
| 2015 | 48.9% | -1181.9% |
| 2016 | -15.0% | -130.7% |
| 2017 | -5.8% | -61.0% |
| 2018 | -25.0% | +327.2% |
| 2019 | -14.8% | -40.8% |
| 2020 | -7.3% | -50.9% |
| 2021 | 40.0% | -650.6% |
| 2022 | 10.7% | -73.3% |
| 2023 | 37.4% | +249.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.0% | -14.7% | 16.7% | 3 |
| 2010s | 8.0% | -25.0% | 53.9% | 10 |
| 2020s | 20.2% | -7.3% | 40.0% | 4 |
Countries ranked near Kiribati
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 (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)
- Gross capital formation (constant 2015 US$), per capita 705.68 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 14.12 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.9759 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 2,490 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 14.89 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 1.48 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Kiribati?
- Annual growth of the gross capital formation in Kiribati was 37.4% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Kiribati?
- The highest recorded value was 53.9% in 2012.
- What is the lowest annual growth of the gross capital formation recorded in Kiribati?
- The lowest recorded value was -25.0% in 2018.
- How does Kiribati rank for annual growth of the gross capital formation?
- Kiribati ranks 6th out of 167 countries with data for 2023.
- Is annual growth of the gross capital formation rising or falling in Kiribati?
- Over the last ten years it is up 81.8%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).