Final consumption expenditure (current LCU), annual growth rate in Kiribati
Kiribati: Final consumption expenditure (current LCU), annual growth rate was 9.48 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (current LCU), annual growth rate in Kiribati, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (current lcu), annual growth rate in Kiribati stood at 9.48 % change on previous year.
The figure is down 38.2% on the previous year and down 20.9% over ten years.
Over the whole period, final consumption expenditure (current lcu), annual growth rate in Kiribati peaked at 22.89 % change on previous year in 2021 and was at its lowest, -2.7 % change on previous year, in 2020.
Kiribati ranks 53rd of 187 countries on this measure, 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 (current LCU), annual growth rate in Kiribati, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 4.35 % change on previous year | — |
| 2008 | 7.89 % change on previous year | +81.4% |
| 2009 | 1.37 % change on previous year | -82.6% |
| 2010 | -2.49 % change on previous year | -282.0% |
| 2011 | 6.97 % change on previous year | -379.5% |
| 2012 | 3.24 % change on previous year | -53.6% |
| 2013 | 4.56 % change on previous year | +41.0% |
| 2014 | 11.98 % change on previous year | +162.6% |
| 2015 | 8.69 % change on previous year | -27.5% |
| 2016 | 11.23 % change on previous year | +29.2% |
| 2017 | 4.74 % change on previous year | -57.8% |
| 2018 | 5.34 % change on previous year | +12.8% |
| 2019 | 4.64 % change on previous year | -13.2% |
| 2020 | -2.7 % change on previous year | -158.2% |
| 2021 | 22.89 % change on previous year | -948.0% |
| 2022 | 17.73 % change on previous year | -22.5% |
| 2023 | 15.34 % change on previous year | -13.5% |
| 2024 | 9.48 % change on previous year | -38.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.54 % change on previous year | 1.37 % change on previous year | 7.89 % change on previous year | 3 |
| 2010s | 5.89 % change on previous year | -2.49 % change on previous year | 11.98 % change on previous year | 10 |
| 2020s | 12.55 % change on previous year | -2.7 % change on previous year | 22.89 % change on previous year | 5 |
Countries ranked near Kiribati
- 50 Congo, Democratic Republic of the 9.8 % change on previous year compare
- 51 Cameroon 9.67 % change on previous year compare
- 52 Seychelles 9.62 % change on previous year compare
- 54 Colombia 9.44 % change on previous year compare
- 55 Solomon Islands 9.44 % change on previous year compare
- 56 Burkina Faso 9.31 % 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.89 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 1.57 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 4,013 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 10.57 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 1.04 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 2,665 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 8.74 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 1.63 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure (current lcu), annual growth rate in Kiribati?
- Final consumption expenditure (current lcu), annual growth rate in Kiribati was 9.48 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), annual growth rate recorded in Kiribati?
- The highest recorded value was 22.89 % change on previous year in 2021.
- What is the lowest final consumption expenditure (current lcu), annual growth rate recorded in Kiribati?
- The lowest recorded value was -2.7 % change on previous year in 2020.
- How does Kiribati rank for final consumption expenditure (current lcu), annual growth rate?
- Kiribati ranks 53rd out of 187 countries with data for 2024.
- Is final consumption expenditure (current lcu), annual growth rate rising or falling in Kiribati?
- Over the last ten years it is down 20.9%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.