External balance on goods and services in Kiribati
Kiribati: External balance on goods and services was -93.1% in 2024. ◆ Volatile
External balance on goods and services in Kiribati, 1972–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, external balance on goods and services in Kiribati stood at -93.1%.
The figure is up 1.8% on the previous year and down 16.2% over ten years.
Over the whole period, external balance on goods and services in Kiribati peaked at 56.4% in 1974 and was at its lowest, -106.3%, in 1990.
That places Kiribati 193rd out of 193 countries with data for 2024, putting it in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 1972 | 5.8% | — |
| 1973 | 16.4% | +183.0% |
| 1974 | 56.4% | +242.9% |
| 1975 | 49.2% | -12.7% |
| 1976 | 25.6% | -48.0% |
| 1977 | 21.8% | -15.0% |
| 1978 | 10.8% | -50.6% |
| 1979 | 2.1% | -80.6% |
| 1980 | -2.0% | -196.3% |
| 1981 | -51.4% | +2450.2% |
| 1982 | -48.8% | -5.0% |
| 1983 | -39.0% | -20.1% |
| 1984 | -14.4% | -63.1% |
| 1985 | -20.8% | +44.4% |
| 1986 | -13.1% | -37.0% |
| 1987 | -91.7% | +600.4% |
| 1988 | -70.9% | -22.7% |
| 1989 | -78.7% | +10.9% |
| 1990 | -106.3% | +35.1% |
| 1991 | -84.3% | -20.6% |
| 1992 | -79.4% | -5.9% |
| 1993 | -65.9% | -17.0% |
| 1994 | -51.4% | -22.0% |
| 1995 | -68.4% | +33.0% |
| 1996 | -64.1% | -6.2% |
| 1997 | -60.5% | -5.6% |
| 1998 | -55.0% | -9.1% |
| 1999 | -67.4% | +22.5% |
| 2000 | -72.5% | +7.5% |
| 2001 | -79.6% | +9.9% |
| 2002 | -87.5% | +9.9% |
| 2003 | -71.3% | -18.5% |
| 2004 | -77.1% | +8.2% |
| 2005 | -95.3% | +23.7% |
| 2006 | -73.6% | -22.7% |
| 2007 | -65.3% | -11.4% |
| 2008 | -67.2% | +3.0% |
| 2009 | -69.4% | +3.2% |
| 2010 | -62.6% | -9.8% |
| 2011 | -67.1% | +7.2% |
| 2012 | -70.6% | +5.2% |
| 2013 | -74.9% | +6.0% |
| 2014 | -80.1% | +7.0% |
| 2015 | -82.0% | +2.3% |
| 2016 | -78.0% | -4.8% |
| 2017 | -74.0% | -5.2% |
| 2018 | -65.2% | -11.9% |
| 2019 | -68.4% | +4.9% |
| 2020 | -57.6% | -15.8% |
| 2021 | -66.9% | +16.2% |
| 2022 | -92.1% | +37.6% |
| 2023 | -94.8% | +2.9% |
| 2024 | -93.1% | -1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.5% | 2.1% | 56.4% | 8 |
| 1980s | -43.1% | -91.7% | -2.0% | 10 |
| 1990s | -70.3% | -106.3% | -51.4% | 10 |
| 2000s | -75.9% | -95.3% | -65.3% | 10 |
| 2010s | -72.3% | -82.0% | -62.6% | 10 |
| 2020s | -80.9% | -94.8% | -57.6% | 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)
- General government final consumption expenditure (current US$) 8.03 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5902 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 1,506 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 8.75 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.8944 current LCU per US$ of GDP (2024)
- General government final consumption expenditure (current LCU), per 2,282 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -9.6 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.344 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is external balance on goods and services in Kiribati?
- External balance on goods and services in Kiribati was -93.1% 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 56.4% in 1974.
- What is the lowest external balance on goods and services recorded in Kiribati?
- The lowest recorded value was -106.3% in 1990.
- How does Kiribati rank for external balance on goods and services?
- Kiribati ranks 193rd 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 16.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.