External balance on goods and services in Kiribati
Kiribati: External balance on goods and services was -319.40 million current US$ in 2024. ◆ Volatile
Latest (2024)
-319.40 million current US$
Change on year
down 15.6%
World rank
95th
of 193 countries
All-time high
39.05 million current US$
in 1974
All-time low
-319.40 million current US$
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 US$.
Analysis
Kiribati recorded -319.40 million current US$ for external balance on goods and services in 2024. That is the lowest value across all 53 years on record.
That represents a change of down 15.6% on the previous year and down 99.0% over ten years.
Over the whole period, external balance on goods and services in Kiribati peaked at 39.05 million current US$ in 1974 and was at its lowest, -319.40 million current US$, in 2024.
That places Kiribati 95th out of 193 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Kiribati, year by year
| Year | current US$ | Change |
|---|---|---|
| 1972 | 889,820 current US$ | — |
| 1973 | 4.22 million current US$ | +374.0% |
| 1974 | 39.05 million current US$ | +825.9% |
| 1975 | 21.92 million current US$ | -43.9% |
| 1976 | 8.51 million current US$ | -61.2% |
| 1977 | 6.82 million current US$ | -19.9% |
| 1978 | 3.93 million current US$ | -42.3% |
| 1979 | 720,960 current US$ | -81.7% |
| 1980 | -667,731 current US$ | -192.6% |
| 1981 | -18.11 million current US$ | +2612.5% |
| 1982 | -15.98 million current US$ | -11.8% |
| 1983 | -12.09 million current US$ | -24.4% |
| 1984 | -4.95 million current US$ | -59.1% |
| 1985 | -5.43 million current US$ | +9.7% |
| 1986 | -3.40 million current US$ | -37.3% |
| 1987 | -27.10 million current US$ | +696.3% |
| 1988 | -27.14 million current US$ | +0.1% |
| 1989 | -29.61 million current US$ | +9.1% |
| 1990 | -38.83 million current US$ | +31.1% |
| 1991 | -34.79 million current US$ | -10.4% |
| 1992 | -48.80 million current US$ | +40.3% |
| 1993 | -38.84 million current US$ | -20.4% |
| 1994 | -34.47 million current US$ | -11.2% |
| 1995 | -46.89 million current US$ | +36.0% |
| 1996 | -52.23 million current US$ | +11.4% |
| 1997 | -48.56 million current US$ | -7.0% |
| 1998 | -41.20 million current US$ | -15.1% |
| 1999 | -52.12 million current US$ | +26.5% |
| 2000 | -54.28 million current US$ | +4.2% |
| 2001 | -51.71 million current US$ | -4.7% |
| 2002 | -65.39 million current US$ | +26.5% |
| 2003 | -68.49 million current US$ | +4.7% |
| 2004 | -80.23 million current US$ | +17.1% |
| 2005 | -108.55 million current US$ | +35.3% |
| 2006 | -82.73 million current US$ | -23.8% |
| 2007 | -90.09 million current US$ | +8.9% |
| 2008 | -98.82 million current US$ | +9.7% |
| 2009 | -97.23 million current US$ | -1.6% |
| 2010 | -103.52 million current US$ | +6.5% |
| 2011 | -131.49 million current US$ | +27.0% |
| 2012 | -146.14 million current US$ | +11.1% |
| 2013 | -151.00 million current US$ | +3.3% |
| 2014 | -160.47 million current US$ | +6.3% |
| 2015 | -157.03 million current US$ | -2.1% |
| 2016 | -161.12 million current US$ | +2.6% |
| 2017 | -165.04 million current US$ | +2.4% |
| 2018 | -152.40 million current US$ | -7.7% |
| 2019 | -148.31 million current US$ | -2.7% |
| 2020 | -127.16 million current US$ | -14.3% |
| 2021 | -191.01 million current US$ | +50.2% |
| 2022 | -249.72 million current US$ | +30.7% |
| 2023 | -276.38 million current US$ | +10.7% |
| 2024 | -319.40 million current US$ | +15.6% |
Kiribati compared with similar countries
- Kiribati's -319.40 million current US$ is above the median for lower middle income countries, which is -1.67 billion current US$, 19% of the median. (45 countries reporting)
- Kiribati's -319.40 million current US$ is below the median for East Asia & Pacific, which is -166.62 million current US$, 1.9× the median. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Kiribati changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1981 | -2612.5% | -667,731 current US$ | -18.11 million current US$ |
| 1974 | +825.9% | 4.22 million current US$ | 39.05 million current US$ |
| 1987 | -696.3% | -3.40 million current US$ | -27.10 million current US$ |
| 1973 | +374.0% | 889,820 current US$ | 4.22 million current US$ |
| 1980 | -192.6% | 720,960 current US$ | -667,731 current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.76 million current US$ | 720,960 current US$ | 39.05 million current US$ | 8 |
| 1980s | -14.45 million current US$ | -29.61 million current US$ | -667,731 current US$ | 10 |
| 1990s | -43.67 million current US$ | -52.23 million current US$ | -34.47 million current US$ | 10 |
| 2000s | -79.75 million current US$ | -108.55 million current US$ | -51.71 million current US$ | 10 |
| 2010s | -147.65 million current US$ | -165.04 million current US$ | -103.52 million current US$ | 10 |
| 2020s | -232.74 million current US$ | -319.40 million current US$ | -127.16 million current US$ | 5 |
Countries ranked near Kiribati
- 92 Tonga -283.48 million current US$ compare
- 93 Vanuatu -294.46 million current US$ compare
- 94 Seychelles -311.50 million current US$ compare
- 96 Guinea-Bissau -332.34 million current US$ compare
- 97 Greenland -342.39 million current US$ compare
- 98 Cape Verde -347.73 million current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 16,114 BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.1181 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.16 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -48.46 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0119 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.49 BoP, current US$ per person (2025)
- General government final consumption expenditure (current US$) 8.03 % change on previous year (2024)
Frequently asked questions
- What is external balance on goods and services in Kiribati?
- External balance on goods and services in Kiribati was -319.40 million current US$ 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 39.05 million current US$ in 1974.
- What is the lowest external balance on goods and services recorded in Kiribati?
- The lowest recorded value was -319.40 million current US$ in 2024.
- How does Kiribati rank for external balance on goods and services?
- Kiribati ranks 95th 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 99.0%. 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 External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.