Current account balance as a share of GDP in Kiribati
Kiribati: Current account balance as a share of GDP was -19.3% in 2024. ◆ Volatile
Current account balance as a share of GDP in Kiribati, 2006–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share 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 992.7% on the previous year and down 169.1% over ten years.
Over the whole period, current account balance as a share of gdp in Kiribati peaked at 40.0% in 2019 and was at its lowest, -19.3%, in 2024.
Kiribati ranks 183rd of 193 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 share of GDP in Kiribati, year by year
| Year | % | Change |
|---|---|---|
| 2006 | -8.6% | — |
| 2007 | -1.8% | -78.9% |
| 2008 | -3.6% | +96.2% |
| 2009 | -11.8% | +231.1% |
| 2010 | 0.1% | -101.0% |
| 2011 | -8.8% | -7458.3% |
| 2012 | 1.8% | -119.8% |
| 2013 | -5.0% | -386.9% |
| 2014 | 28.0% | -657.4% |
| 2015 | 29.4% | +4.9% |
| 2016 | 9.3% | -68.3% |
| 2017 | 31.6% | +239.7% |
| 2018 | 33.0% | +4.2% |
| 2019 | 40.0% | +21.4% |
| 2020 | 32.3% | -19.3% |
| 2021 | 7.1% | -78.0% |
| 2022 | -12.0% | -269.6% |
| 2023 | -1.8% | -85.3% |
| 2024 | -19.3% | +992.7% |
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)
- Services, value added (constant LCU), per capita 1,938 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 0.0087 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.5 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 2,601 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.55 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 3,942 current LCU per person (2024)
Frequently asked questions
- What is current account balance as a share of gdp in Kiribati?
- Current account balance as a share of gdp in Kiribati was -19.3% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Kiribati?
- The highest recorded value was 40.0% in 2019.
- What is the lowest current account balance as a share of gdp recorded in Kiribati?
- The lowest recorded value was -19.3% in 2024.
- How does Kiribati rank for current account balance as a share of gdp?
- Kiribati ranks 183rd out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).