Final consumption expenditure (constant LCU) in Kiribati
Kiribati: Final consumption expenditure (constant LCU) was 640.76 million constant LCU in 2024. ▲ Rising
Final consumption expenditure in Kiribati, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for final consumption expenditure in Kiribati is 640.76 million constant LCU, measured in 2024. That is the highest value across all 19 years on record.
The figure is up 4.3% on the previous year and up 79.9% over ten years.
Over the whole period, final consumption expenditure in Kiribati peaked at 640.76 million constant LCU in 2024 and was at its lowest, 281.09 million constant LCU, in 2010.
That places Kiribati 175th out of 177 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Final consumption expenditure (constant LCU) in Kiribati, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | 298.68 million constant LCU | — |
| 2007 | 301.92 million constant LCU | +1.1% |
| 2008 | 294.89 million constant LCU | -2.3% |
| 2009 | 290.14 million constant LCU | -1.6% |
| 2010 | 281.09 million constant LCU | -3.1% |
| 2011 | 299.96 million constant LCU | +6.7% |
| 2012 | 310.87 million constant LCU | +3.6% |
| 2013 | 325.93 million constant LCU | +4.8% |
| 2014 | 356.20 million constant LCU | +9.3% |
| 2015 | 380.91 million constant LCU | +6.9% |
| 2016 | 421.71 million constant LCU | +10.7% |
| 2017 | 437.86 million constant LCU | +3.8% |
| 2018 | 447.13 million constant LCU | +2.1% |
| 2019 | 476.30 million constant LCU | +6.5% |
| 2020 | 450.58 million constant LCU | -5.4% |
| 2021 | 515.91 million constant LCU | +14.5% |
| 2022 | 602.16 million constant LCU | +16.7% |
| 2023 | 614.52 million constant LCU | +2.1% |
| 2024 | 640.76 million constant LCU | +4.3% |
Kiribati compared with similar countries
- Kiribati's 640.76 million constant LCU is below the median for lower middle income countries, which is 679.34 billion constant LCU, 0% of the median. (44 countries reporting)
- Kiribati's 640.76 million constant LCU is below the median for East Asia & Pacific, which is 780.84 billion constant LCU, 0% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 296.41 million constant LCU | 290.14 million constant LCU | 301.92 million constant LCU | 4 |
| 2010s | 373.80 million constant LCU | 281.09 million constant LCU | 476.30 million constant LCU | 10 |
| 2020s | 564.79 million constant LCU | 450.58 million constant LCU | 640.76 million constant LCU | 5 |
Countries ranked near Kiribati
- 172 East Timor 2.21 billion constant LCU compare
- 173 Tonga 1.34 billion constant LCU compare
- 174 San Marino 742.43 million constant LCU compare
- 176 Palau 289.06 million constant LCU compare
- 177 Marshall Islands 270.51 million constant LCU compare
More economy & growth data for Kiribati
- Real gdp growth, annual growth rate 40.32 % change on previous year (2024)
- 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)
Frequently asked questions
- What is final consumption expenditure in Kiribati?
- Final consumption expenditure in Kiribati was 640.76 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Kiribati?
- The highest recorded value was 640.76 million constant LCU in 2024.
- What is the lowest final consumption expenditure recorded in Kiribati?
- The lowest recorded value was 281.09 million constant LCU in 2010.
- How does Kiribati rank for final consumption expenditure?
- Kiribati ranks 175th out of 177 countries with data for 2024.
- Is final consumption expenditure rising or falling in Kiribati?
- Over the last ten years it is up 79.9%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.