External balance on goods and services (current LCU) in Kiribati
Kiribati: External balance on goods and services (current LCU) was -484.01 million current LCU in 2024. ◆ Volatile
Latest (2024)
-484.01 million current LCU
Change on year
down 16.3%
World rank
86th
of 193 countries
All-time high
16.74 million current LCU
in 1975
All-time low
-484.01 million current LCU
in 2024
Years of data
53
1972–2024
External balance on goods and services in Kiribati, 1972–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kiribati recorded -484.01 million current LCU for external balance on goods and services in 2024. That is the lowest value across all 53 years on record.
The figure is down 16.3% on the previous year and down 171.9% over ten years.
Over the whole period, external balance on goods and services in Kiribati peaked at 16.74 million current LCU in 1975 and was at its lowest, -484.01 million current LCU, in 2024.
That places Kiribati 86th out of 193 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU) in Kiribati, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 743,000 current LCU | — |
| 1973 | 2.96 million current LCU | +297.8% |
| 1974 | 16.64 million current LCU | +462.9% |
| 1975 | 16.74 million current LCU | +0.6% |
| 1976 | 6.96 million current LCU | -58.4% |
| 1977 | 6.15 million current LCU | -11.7% |
| 1978 | 3.44 million current LCU | -44.1% |
| 1979 | 645,000 current LCU | -81.2% |
| 1980 | -586,431 current LCU | -190.9% |
| 1981 | -15.76 million current LCU | +2587.7% |
| 1982 | -15.76 million current LCU | -0.0% |
| 1983 | -13.42 million current LCU | -14.9% |
| 1984 | -5.64 million current LCU | -58.0% |
| 1985 | -7.77 million current LCU | +37.8% |
| 1986 | -5.09 million current LCU | -34.5% |
| 1987 | -38.70 million current LCU | +660.2% |
| 1988 | -34.74 million current LCU | -10.3% |
| 1989 | -37.44 million current LCU | +7.8% |
| 1990 | -49.74 million current LCU | +32.8% |
| 1991 | -44.66 million current LCU | -10.2% |
| 1992 | -66.44 million current LCU | +48.8% |
| 1993 | -57.12 million current LCU | -14.0% |
| 1994 | -47.15 million current LCU | -17.5% |
| 1995 | -63.26 million current LCU | +34.2% |
| 1996 | -66.74 million current LCU | +5.5% |
| 1997 | -65.43 million current LCU | -2.0% |
| 1998 | -65.59 million current LCU | +0.2% |
| 1999 | -80.78 million current LCU | +23.2% |
| 2000 | -93.63 million current LCU | +15.9% |
| 2001 | -99.97 million current LCU | +6.8% |
| 2002 | -120.35 million current LCU | +20.4% |
| 2003 | -105.60 million current LCU | -12.3% |
| 2004 | -109.09 million current LCU | +3.3% |
| 2005 | -142.15 million current LCU | +30.3% |
| 2006 | -109.86 million current LCU | -22.7% |
| 2007 | -107.67 million current LCU | -2.0% |
| 2008 | -117.81 million current LCU | +9.4% |
| 2009 | -124.67 million current LCU | +5.8% |
| 2010 | -112.85 million current LCU | -9.5% |
| 2011 | -127.47 million current LCU | +13.0% |
| 2012 | -141.14 million current LCU | +10.7% |
| 2013 | -156.41 million current LCU | +10.8% |
| 2014 | -178.03 million current LCU | +13.8% |
| 2015 | -209.02 million current LCU | +17.4% |
| 2016 | -216.74 million current LCU | +3.7% |
| 2017 | -215.33 million current LCU | -0.6% |
| 2018 | -203.98 million current LCU | -5.3% |
| 2019 | -213.34 million current LCU | +4.6% |
| 2020 | -184.78 million current LCU | -13.4% |
| 2021 | -254.28 million current LCU | +37.6% |
| 2022 | -360.02 million current LCU | +41.6% |
| 2023 | -416.01 million current LCU | +15.6% |
| 2024 | -484.01 million current LCU | +16.3% |
Kiribati compared with similar countries
- Kiribati's -484.01 million current LCU is above the median for lower middle income countries, which is -57.12 billion current LCU, 1% of the median. (45 countries reporting)
- Kiribati's -484.01 million current LCU is below the median for East Asia & Pacific, which is -190.00 million current LCU, 2.5× the median. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU) in Kiribati changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1981 | -2587.7% | -586,431 current LCU | -15.76 million current LCU |
| 1987 | -660.2% | -5.09 million current LCU | -38.70 million current LCU |
| 1974 | +462.9% | 2.96 million current LCU | 16.64 million current LCU |
| 1973 | +297.8% | 743,000 current LCU | 2.96 million current LCU |
| 1980 | -190.9% | 645,000 current LCU | -586,431 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.78 million current LCU | 645,000 current LCU | 16.74 million current LCU | 8 |
| 1980s | -17.49 million current LCU | -38.70 million current LCU | -586,431 current LCU | 10 |
| 1990s | -60.69 million current LCU | -80.78 million current LCU | -44.66 million current LCU | 10 |
| 2000s | -113.08 million current LCU | -142.15 million current LCU | -93.63 million current LCU | 10 |
| 2010s | -177.43 million current LCU | -216.74 million current LCU | -112.85 million current LCU | 10 |
| 2020s | -339.82 million current LCU | -484.01 million current LCU | -184.78 million current LCU | 5 |
Countries ranked near Kiribati
- 83 Micronesia (country) -245.00 million current LCU compare
- 84 American Samoa -268.00 million current LCU compare
- 85 Antigua and Barbuda -416.08 million current LCU compare
- 87 United States Virgin Islands -509.00 million current LCU compare
- 88 Northern Mariana Islands -533.00 million current LCU compare
- 89 Samoa -551.78 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)
- SDRs holdings, US dollar, annual growth rate 4.98 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0577 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 147.57 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0313 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0421 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 107.75 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0384 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Kiribati?
- External balance on goods and services in Kiribati was -484.01 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Kiribati?
- The highest recorded value was 16.74 million current LCU in 1975.
- What is the lowest external balance on goods and services recorded in Kiribati?
- The lowest recorded value was -484.01 million current LCU in 2024.
- How does Kiribati rank for external balance on goods and services?
- Kiribati ranks 86th out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Kiribati?
- Over the last ten years it is down 171.9%. 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 External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.