Current account balance as a proportion of GDP in Kiribati
Kiribati: Current account balance as a proportion of GDP was -19.3% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Kiribati, 2006–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Kiribati is -19.3%, measured in 2024. That is the lowest value across all 19 years on record.
The figure is down 990.9% on the previous year and down 169.1% over ten years.
Over the whole period, current account balance as a proportion of gdp in Kiribati peaked at 40.0% in 2019 and was at its lowest, -19.3%, in 2024.
Kiribati ranks 192nd of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Kiribati, year by year
| Year | % | Change |
|---|---|---|
| 2006 | -8.6% | — |
| 2007 | -1.8% | -78.9% |
| 2008 | -3.6% | +96.4% |
| 2009 | -11.8% | +231.1% |
| 2010 | 0.1% | -101.0% |
| 2011 | -8.8% | -7607.3% |
| 2012 | 1.7% | -119.8% |
| 2013 | -5.0% | -387.2% |
| 2014 | 28.0% | -657.2% |
| 2015 | 29.4% | +4.9% |
| 2016 | 9.3% | -68.3% |
| 2017 | 31.6% | +239.8% |
| 2018 | 32.9% | +4.2% |
| 2019 | 40.0% | +21.4% |
| 2020 | 32.3% | -19.4% |
| 2021 | 7.1% | -78.0% |
| 2022 | -12.0% | -269.7% |
| 2023 | -1.8% | -85.3% |
| 2024 | -19.3% | +990.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.5% | -11.8% | -1.8% | 4 |
| 2010s | 15.9% | -8.8% | 40.0% | 10 |
| 2020s | 1.2% | -19.3% | 32.3% | 5 |
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 (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 current account balance as a proportion of gdp in Kiribati?
- Current account balance as a proportion of gdp in Kiribati was -19.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Kiribati?
- The highest recorded value was 40.0% in 2019.
- What is the lowest current account balance as a proportion of gdp recorded in Kiribati?
- The lowest recorded value was -19.3% in 2024.
- How does Kiribati rank for current account balance as a proportion of gdp?
- Kiribati ranks 192nd out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Kiribati?
- Over the last ten years it is down 169.1%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under UN SDG Global Database (open, attribution requested).