Discrepancy in expenditure estimate of GDP in Kiribati
Kiribati: Discrepancy in expenditure estimate of GDP was 1.75 million current LCU in 2024. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, discrepancy in expenditure estimate of gdp in Kiribati stood at 1.75 million current LCU.
The figure is up 106.5% on the previous year and up 137.0% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp in Kiribati peaked at 2.50 million current LCU in 2018 and was at its lowest, -27.02 million current LCU, in 2023.
That places Kiribati 39th out of 185 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Discrepancy in expenditure estimate of GDP in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | -1.62 million current LCU | — |
| 2007 | -177,500 current LCU | -89.0% |
| 2008 | 1.31 million current LCU | -838.7% |
| 2009 | 2.14 million current LCU | +63.4% |
| 2010 | 594,900 current LCU | -72.2% |
| 2011 | -1.84 million current LCU | -410.0% |
| 2012 | -5.83 million current LCU | +216.4% |
| 2013 | -4.96 million current LCU | -15.1% |
| 2014 | -4.74 million current LCU | -4.4% |
| 2015 | -3.24 million current LCU | -31.6% |
| 2016 | -1.33 million current LCU | -59.0% |
| 2017 | -4.36 million current LCU | +228.4% |
| 2018 | 2.50 million current LCU | -157.2% |
| 2019 | -605,913 current LCU | -124.3% |
| 2020 | -4.84 million current LCU | +699.0% |
| 2021 | -2.74 million current LCU | -43.3% |
| 2022 | -10.51 million current LCU | +282.8% |
| 2023 | -27.02 million current LCU | +157.1% |
| 2024 | 1.75 million current LCU | -106.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 414,950 current LCU | -1.62 million current LCU | 2.14 million current LCU | 4 |
| 2010s | -2.38 million current LCU | -5.83 million current LCU | 2.50 million current LCU | 10 |
| 2020s | -8.67 million current LCU | -27.02 million current LCU | 1.75 million current LCU | 5 |
Countries ranked near Kiribati
- 36 Bahrain 38.16 million current LCU compare
- 37 Syria 33.81 million current LCU
- 38 Estonia 28.88 million current LCU compare
- 40 Cuba 1.00 million current LCU compare
- 40 Finland 1.00 million current LCU compare
- 40 Haiti 1.00 million current LCU compare
- 40 Norway 1.00 million current LCU compare
- 40 Saudi Arabia 1.00 million current LCU compare
- 40 Seychelles 1.00 million current LCU compare
- 40 United States 1.00 million current LCU 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)
- Services, value added (current US$), annual growth rate 22.91 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7028 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 1,793 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 23.74 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 1.07 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 2,717 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 6.22 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5493 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Kiribati?
- Discrepancy in expenditure estimate of gdp in Kiribati was 1.75 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Kiribati?
- The highest recorded value was 2.50 million current LCU in 2018.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Kiribati?
- The lowest recorded value was -27.02 million current LCU in 2023.
- How does Kiribati rank for discrepancy in expenditure estimate of gdp?
- Kiribati ranks 39th out of 185 countries with data for 2024.
- Is discrepancy in expenditure estimate of gdp rising or falling in Kiribati?
- Over the last ten years it is up 137.0%. 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 Discrepancy in expenditure estimate of GDP (current LCU). Statizoid updates them automatically from the source API.
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.