Final consumption expenditure (constant LCU), annual growth rate in Kiribati
Kiribati: Final consumption expenditure (constant LCU), annual growth rate was 4.27 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (constant LCU), annual growth rate in Kiribati, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for final consumption expenditure (constant lcu), annual growth rate in Kiribati is 4.27 % change on previous year, measured in 2024.
The figure is up 107.8% on the previous year and down 54.0% over ten years.
Over the whole period, final consumption expenditure (constant lcu), annual growth rate in Kiribati peaked at 16.72 % change on previous year in 2022 and was at its lowest, -5.4 % change on previous year, in 2020.
That places Kiribati 57th out of 176 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.
Final consumption expenditure (constant LCU), annual growth rate in Kiribati, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 1.08 % change on previous year | — |
| 2008 | -2.33 % change on previous year | -314.8% |
| 2009 | -1.61 % change on previous year | -30.8% |
| 2010 | -3.12 % change on previous year | +93.6% |
| 2011 | 6.71 % change on previous year | -315.3% |
| 2012 | 3.64 % change on previous year | -45.9% |
| 2013 | 4.85 % change on previous year | +33.3% |
| 2014 | 9.29 % change on previous year | +91.6% |
| 2015 | 6.94 % change on previous year | -25.3% |
| 2016 | 10.71 % change on previous year | +54.4% |
| 2017 | 3.83 % change on previous year | -64.2% |
| 2018 | 2.12 % change on previous year | -44.7% |
| 2019 | 6.52 % change on previous year | +207.9% |
| 2020 | -5.4 % change on previous year | -182.8% |
| 2021 | 14.5 % change on previous year | -368.6% |
| 2022 | 16.72 % change on previous year | +15.3% |
| 2023 | 2.05 % change on previous year | -87.7% |
| 2024 | 4.27 % change on previous year | +107.8% |
Kiribati compared with similar countries
- Kiribati's 4.27 % change on previous year is below the median for lower middle income countries, which is 4.52 % change on previous year, 94% of the median. (44 countries reporting)
- Kiribati's 4.27 % change on previous year is above the median for East Asia & Pacific, which is 3.51 % change on previous year, 1.2× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.9517 % change on previous year | -2.33 % change on previous year | 1.08 % change on previous year | 3 |
| 2010s | 5.15 % change on previous year | -3.12 % change on previous year | 10.71 % change on previous year | 10 |
| 2020s | 6.43 % change on previous year | -5.4 % change on previous year | 16.72 % change on previous year | 5 |
Countries ranked near Kiribati
- 54 Ghana 4.4 % change on previous year compare
- 55 Cape Verde 4.31 % change on previous year compare
- 56 Tunisia 4.31 % change on previous year compare
- 58 Central African Republic 4.26 % change on previous year compare
- 59 Congo 4.25 % change on previous year compare
- 60 Palestine 4.24 % change on previous year 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 final consumption expenditure (constant lcu), annual growth rate in Kiribati?
- Final consumption expenditure (constant lcu), annual growth rate in Kiribati was 4.27 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (constant lcu), annual growth rate recorded in Kiribati?
- The highest recorded value was 16.72 % change on previous year in 2022.
- What is the lowest final consumption expenditure (constant lcu), annual growth rate recorded in Kiribati?
- The lowest recorded value was -5.4 % change on previous year in 2020.
- How does Kiribati rank for final consumption expenditure (constant lcu), annual growth rate?
- Kiribati ranks 57th out of 176 countries with data for 2024.
- Is final consumption expenditure (constant lcu), annual growth rate rising or falling in Kiribati?
- Over the last ten years it is down 54.0%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Final consumption expenditure (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.